Principal Business Risk Specialist (Emerging Regulatory Risks)

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 multiple business risk management activities executed within the Business Risk Office. This individual will support the compliance and risk management activities within the legal and regulatory space, which may include risk identification  and assessment coordination, issue management, procedure documentation, process design, control workflow/systems, reporting, testing, remediation and third- party management, as well as create and maintain a watchlist of upcoming legal and regulatory changes affecting the Decisions and Analytics organization and collaborate with stakeholders in DNA, Business Risk, Corporate Risk Management, Law and Compliance, to support impact assessment as well as development and timely execution of action plans.

The person in this role serves as the liaison with the Corporate Risk Management areas and other Risk Office teams. The Principal Business Risk Specialist actively identifies any potential risk management opportunities and escalates risk and potential issues to management.

• Support issue management process, including oversight and effective challenge of

• root cause analysis, sufficiency of action plans, and evaluation of target dates.

• Monitor progress of issues and escalate blockers. Collaborate with Central Issue

• Management (CIM) team to ensure alignment with enterprise standard. Also

• supports other business risk functions as needed.

​

• Evaluate and challenge business-driven changes to ensure appropriate risk

  management practices are in place, and to ensure enterprise change management

  requirements are being followed. Support control design process and assess

  processes for any control gaps or enhancements needed to ensure effectiveness of

  controls in business process changes. Provide feedback and input into enterprise

  change management program as necessary.

• Provide support to business partners for execution of second line risk program

  requirements, such as Risk and Control Self-Assessment (RCSA), Risk and Control

  Assessment (RaCA), process management, regulatory change management and

  enterprise risk assessments. Support control design process and assess processes

  for any control gaps or enhancements needed to ensure effectiveness of controls in

  these activities. Provide feedback and input to risk programs as necessary.

• Provide input and effective challenge into business activities to help monitor risk management health of its business including, but not limited to, control design, execution and effectiveness, risk and control library maintenance, and effective challenge of KRI/KPIs. Also provide input into regular trending, analysis and reporting of the business risk environment and issues, as appropriate, to key stakeholders.

​

• Provide input and effective challenge into business activities to help monitor risk

  management health of its business including, but not limited to, control design,

  execution and effectiveness, risk and control library maintenance, and effective

  challenge of KRI/KPIs. Also provide input into regular trending, analysis and

  reporting of the business risk environment and issues, as appropriate, to key

  stakeholders.

• Provide support to central exam / audit / testing team and serve as a challenge for remediated findings

Minimum Qualifications 

At minimum here is what you will need:

• Bachelors Business Administration and Management, Data Science, Data Analytics, Cyber Security, Statistics or similar  

​

• 6+ years of Financial services, Marketing, Compliance, Internal Audit Operations, Business Technology, Cyber Security or Vendor Management areas or related.

Preferred Qualifications 

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

• Masters Business Administration and Management, Data Science, Data Analytics, Cyber Security, Statistics or similar  

​

• 8+ years of Financial services, Marketing, Compliance, Internal Audit Operations