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 person participates in and maintains the Compliance Management System “CMS” elements within Corporate Risk Management and provide Compliance Management System support to CRM business partners, maintain CMS elements for CRM, and report on CMS elements.

• The person in this role serves as the liaison with the Corporate Risk Management areas and other Risk Office teams. The Principal Business Risk Specialist actively identifies any potential risk management opportunities and escalates risk and potential issues to management.

• ​This individual will have a wide range of responsibilities as part of a team responsible for multiple business risk management activities executed within the Business Risk Office. This individual will support the compliance and risk 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.

• 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

The Basics

• Bachelor's Degree in Business Administration or Management or related

• 6+ years of Financial Services, Marketing, Compliance, Internal Audit Operations or Vendor Management areas

• In lieu of Education, 10+ years of Operations Management, Process Management, Technology, Lean/Six Sigma, Operations, Risk Management or related 

Physical and Cognitive Requirements

The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily remain in a stationary position.

• No required movement about the work environment to complete the major responsibilities of the job. 

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