Lead Compliance 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

The Lead Compliance Specialist is responsible for assisting management in maintaining and enhancing programs in support of the overall compliance program elements. Actively manages and escalates risk and issues within the day-to-day role to management. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.  
 

How You’ll Do It

• Work with members of the business to perform internal testing of risks and controls through two variations of control testing.
• Work with compliance team members to update risks and controls in the system of record.
• Assists more senior compliance professionals in evaluating the adequacy of business policies, procedures, training and reference materials, system and manual processes and provides support for research of regulatory requirements.
• Assists Principals, Managers or Senior Manager in discrete portions of larger projects.
• Ensures compliance issues are brought to the attention of senior compliance professionals.
• Maintains a high level of awareness and knowledge of regulatory compliance requirements and assists in the identification of compliance risks.
• Assists in providing updates for status reports of program initiatives, obtaining and developing content for management and committee presentation / reporting activities.
• Participate in the Operations Rules Natural Work Group taking minutes and preparing content for management review.
• Assists in Root Cause Self Assessments (RCSAs) working with compliance team members to effectively document risks, controls and risk ratings. Performing effective challenges where necessary.

Qualifications You’ll Need
The Basics

• Bachelor’s degree in Business Administration and Management, Accounting, Finance or Law
• 4+ years of experience in Project Management, Compliance, Law, Risk, Operations, Governance or Related Field
• In Lieu of Education Experience 6 + years of experience in Project Management, Compliance, Law, Risk Operations and Governance or Related Field

​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 stationary position.
• Occasionally move 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

• Masters Degree in Law, Business Administration and Management of Finance
• 4 + years of experience reinforcing a risk culture of compliance and transparency. Risk identification and assessment processes. Knowledge and understanding of compliance laws and regulations Compliance Management System components related to: Policies and procedures, and clear communication of intended procedural expectations and process. Governance and reporting processes, handling of complaints, evaluating business initiatives and providing research on potential regulatory impacts. Due diligence on new and existing Third-Party engagements commensurate with the level of compliance risk involved in the services being provided.
• 4 + years of experience with effective communication (written and verbal) that includes core components of active listening, persuasiveness, collaboration, and conciseness when meeting with and presenting to peers, various levels of leadership and other lines of business. Build partnerships and work collaboratively with others to meet shared objectives and Optimizes work processes with a focus on continuous improve