Principal Business Risk Control 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 individual will have a wide range of responsibilities as part of a team responsible for identifying compliance risk in the Consumer Banking universe and driving strategies to manage it. This person will also liaise with the enterprise-wide Legal, Compliance and Corporate Risk functions. This person will develop business-unit specific approaches and ensure accurate and timely implementation across all risk management disciplines and all areas in the Consumer Banking organization.

This individual will direct the business compliance risk/control activities within consumer banking, which may include risk assessment, controls, procedure documentation, process design, control workflow/systems, reporting, testing, remediation, and third-party management. This includes education and training for business partners to ensure compliance with, and implementation of, all U.S. federal and state rules, regulations, and regulatory trends. This individual will evaluate current operations across all Consumer Banking business units to identify areas for enhancements and work with business partners to implement these processes. It will be this person's responsibility to understand how legal, technology, and business process changes are implemented within each business unit and evaluate potential impacts. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

Responsibilities:

Risk and Control Management

• Provides education and monitors Consumer Banking employees on the requirements of company policies and standards related to risk and control ownership, the development and execution of new products and services, and control testing.
• Develops and implements job aids and tools to facilitate efficient completion of policy and standard requirements.
• Ensures effective identification and implementation of controls to manage compliance risks.
• Acts as subject matter expert on efficient processes to maintain an accurate library of Consumer Banking’s compliance risks and controls.
• Oversees timely completion of control design reviews and compliance risk assessments. Monitors the risk and control environment for weaknesses and identifies solutions to improve the effectiveness and efficiency of controls.

Risk Analysis

• Provides education and monitors Consumer Banking employees on the requirements of company policies and standards related to all applicable federal and state regulations and compliance risks.
• Oversees the development and implementation of job aids and tools to facilitate efficient completion of policy and standard requirements.
• Ensures a detailed escalation plan is in place for risk issues and leveraged when necessary.

Oversight

• Assists Senior Manager or Director with oversight of larger team via periodic coaching and review of work for employees or contractors.

Project Management

• Completes complex projects in the areas of Control Workflow and Standardization Solutions, Corporate and Departmental Continuous Improvement.
• Develops, implements, and administers control standardization and workflow solutions.
• Develops continuous monitoring exception reports for critical business processes.

Minimum Qualifications

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

• Bachelor's Degree in Business, Marketing, or related field
• 6+ years of experience in Financial Services, Marketing, Compliance, Internal Audit Operations, Vendor Management areas, or related field
• In lieu of a degree, 10+ years of experience in Financial Services, Marketing, Compliance, Internal Audit Operations, Vendor Management areas, or related field

Preferred Qualifications

If we had our say, we’d also look for:

• 8+ years of experience in Financial Services, Marketing, Compliance, Internal Audit Operations, Vendor Management areas, or related field
• 2+ years of experience in People Management
• Certification in Control Self-Assessment, Certified Internal Audi