Senior Regulatory 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:

This position will be responsible to:

• Provide support to the regulatory exam management and regulatory engagement teams by researching, analyzing and communicating results on prior examinations, regulatory findings and regulatory guidance

 • Communicate directly with regulatory agencies (FRB, FDIC and CFPB) over matters related to regulatory engagement meetings/exam management meetings including but not limited to: scheduling, agendas, and meeting materials. This role will be responsible for effectively challenging agenda topics provided by agency and obtaining clarification prior to communicating to business leadership (SVP & EVP)

• Create and distribute meeting materials for recurring meetings including but not limited to prep sessions, dry runs and regulatory meetings.

• Perform advanced data entry within RPM internal workflow tool which supports regulatory exams, regulatory engagement, self-reporting.

 • Data configuration for enhancements to the workflow platform and tool working directly with third party service providers

• Providing backup support for Senior Exam Process Specialist

Responsibilities

• Collect, create and distribute meeting materials for recurring meetings including but not limited to prep sessions, dry runs and regulatory meetings. Ensuring materials are inclusive, complete and comprehensive for regulatory meetings and content provides guidance to assist leadership in their conversations with regulators
• Moderate level of software configuration while collaborating with external software developers ensuring proper code base upgrades and extensive UAT ensuring a consistent usage and availability of the workflow tool. Maintaining RPM internal workflow tool to support regulatory exams, regulatory engagement, and self-reporting
• Communicating directly with regulatory agencies over matters related to regulatory engagement meetings/exam management meeting. Effectively challenging agenda topics with regulatory agencies and requesting clarification. Ensuring proper communication lines with external regulators and maintaining positive relationships with FDIC, FRB, and CFPB.
• Research, draft and coordinate exam management and regulatory engagement materials relevant to issues facing business units across the enterprise to educate the business and team members. Creation and maintenance of a repository of prior guidance and actions taken.
• Provide back-up support for Senior Exam Process Specialist
• Utilize project management skills to ensure timely submissions of materials related to exams, ongoing monitoring and all regulatory engagements by engaging with stakeholders and regulatory agencies.

Minimum Qualifications

At a minimum, here’s what we need from you:

• Bachelor’s Degree in Business or related field
• 2+ years of experience in Financial Services or related experience
• In lieu of education, 4+ years' experience in Financial Services of related field.

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Application Deadline:

The application window for this position is anticipated to close on Feb-06-2024. 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 $65,000.00 to $109,800.00. 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 Support Programs

• Employee Stock Purchase Plan

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