Principal Business Risk Specialist

Discover. A brighter future.

With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.

Come build your future, while being the reason millions of people find a brighter financial future with Discover.

Job Description:

What You’ll Do

 

This individual will have a wide range of responsibilities as part of a team responsible for multiple business management activities executed within the Business . This individual will support the compliance management activities within the business, which may include risk assessment, issue management, procedure documentation, process design, control workflow/systems, reporting, testing, remediation and third-party management. The person in this role serves as the liaison with other Risk Office teams. The Principal Business Risk Specialist actively identifies any potential risk management opportunities and escalates risk and potential issues to management. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

 

 

How You’ll Do It

• Support issue management process, including oversight and effective challenge of root cause analysis, sufficiency of action plans, and evaluation of target dates. Monitor progress of issues and escalate blockers. Collaborate with Central Issue Management (CIM) team to ensure alignment with enterprise standard. Also supports other business risk functions as needed.
• Evaluate and challenge business-driven changes to ensure appropriate risk management practices are in place, and to ensure enterprise change management requirements are being followed. Support control design process and assess processes for any control gaps or enhancements needed to ensure effectiveness of controls in business process changes. Provide feedback and input into enterprise change management program as necessary.
• Provide support to business partners for execution of second line risk program requirements, such as Risk and Control Self-Assessment (RCSA), Risk and Control Assessment (RaCA), process management, regulatory change management and enterprise risk assessments. Support control design process and assess processes for any control gaps or enhancements needed to ensure effectiveness of controls in these activities. Provide feedback and input to risk programs as necessary.
• Provide input and effective challenge into business activities to help monitor risk management health of its business including, but not limited to, control design, execution and effectiveness, risk and control library maintenance, and effective challenge of KRI/KPIs. Also provide input into regular trending, analysis and reporting of the business risk environment and issues, as appropriate, to key stakeholders.
• Provide support to central exam / audit / testing team and serve as an effective challenge for remediated findings. 

 

 

Qualifications You’ll Need

 

• Bachelors Business Administration and Management or related 
• 6+ years Financial services, Compliance, Internal Audit Operations areas or related.

 

Bonus Points If You Have

• 8+ years Financial services, Marketing, Compliance, Internal Audit Operations or Vendor Management areas or related.
• 2+ years People Management
• in Lieu of Education Experience: 10+ years Financial services, Marketing, Compliance, Internal Audit Operations or Vendor Management areas or related.
• CPA (Certified Public Accountant
• Certification in Control Self Assessment
• Certified Internal Auditor

 #LI-BF1

Application Deadline:

The application window for this position is anticipated to close on Aug-13-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

Compensation:

The base pay for this position generally ranges between $88,500.00 to $149,300.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical locati