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 risk in the Marketing universe and driving strategies to manage it. This person will also liaison to 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 Marketing organization. This individual will direct the business compliance and operational risk/control activities within marketing 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 Marketing business units to identify areas for enhancements and work with business partners to implement these processes. It will be this person's directive to understand how legal, technology and business process changes are implemented within each business units 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 operational, financial, and compliance risks. 

• Acts as subject matter expert on efficient processes to maintain an accurate library of Consumer Banking’s risks and controls. Manages independent post-launch oversight of initiatives and report results to Consumer Banking executive management. 

• 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. 

• Oversees timely completion of annual control testing (BUTM) plan. 

Risk Analysis and Reporting 

• Provides education and monitors Consumer Banking employees on the requirements of company policies and standards related to Risk Reporting, Operational Risk Events, Root Cause Analysis, Consumer Complaints, and Issues Management. 

• Oversees the development and implementation of job aids and tools to facilitate efficient completion of policy and standard requirements. 

• Manages timely, accurate creation and distribution of OREs, complaints data, and monthly risk reports; discusses results with DFS Senior Leadership.