Principal Compliance Tester

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

Responsible for verifying that operating units are compliant with all appropriate local, state and federal regulations through execution of the compliance testing program, establishment of testing plans, collaboration with business management to identify compliance issues and corrective action plans, and preparation of compliance report to communicate the scope and severity of concerns identified to the applicable level of management. The role is responsible for managing (directly and indirectly) compliance department personnel, including training.

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How You’ll Do It

• Collaborate with various level of management within the areas of responsibilities, including the risk functions within the 1st Line of Defense. Evaluate and test the adequacy of business processes and practices with respect to risks, controls and regulatory requirement identifying gaps and issues.

• Manage activities of Compliance Testing staff (direct/indirect), including training, and is responsible for the overall integrity and quality of the work product.

• Create and maintain testing workpapers and supporting documentation. Draft written reports regarding compliance testing results.

• Monitor and validate status of corrective actions taken by business partners to remediate concerns.

• Maintain a high level of awareness and knowledge of regulatory compliance requirements. Support Compliance Management in developing, implementing, and maintaining an enterprise-wide Compliance Program and culture of compliance.

Qualifications You’ll Need
The Basics

• Bachelors degree in Business Administration and Management, Finance, Law, or related field.

• 6+ years in Compliance, Financial Services, Risk, and/or BSA/AML

• In Lieu of Education 10+ years Compliance, Financial Services, Risk, BSA/AML or Related including Testing, Quality Assurance or Audit

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 move about the work station

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

• Primarily performed indoors in an office setting.

• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.

• Ability to communicate verbally.; Ability to communicate in written form.

• Travel up to 10% of the time.

Bonus Points If You Have

• 8+ years years Testing, Quality Assurance, Risk & Controls, and/or Audit

• 1+ years Management experience

• CRCM

• CAMS Certification or similar certification.

Application Deadline:

The application window for this position is anticipated to close on Dec-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 $91,000.00 to $153,400.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Benefits:

We also offer a range of benefits and programs based on eligibility. These benefits include:

• Paid Parental Leave

• Paid Time Off

• 401(k) Plan

• Medical, Dental, Vision, & Health Savings Account

• STD, Life, LTD and AD&D

• Recognition Program

• Education Assistance

• Commuter Benefits

• Family Sup