SVP, Integration Management Office

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Come build your future, while being the reason millions of people find a brighter financial future with Discover.

Job Description:

SVP, M&A Integration Management Office

Summary

Discover is seeking a motivated leader who combines strong Business Operations skills with M&A experience for the position of SVP, M&A Integration Management Office (“IMO”) reporting to the CEO. This role will lead the integration and operational aspects of the company’s acquisitions and divestitures across all phases  from target origination to delivery of integration. You will be responsible for ensuring the success of acquisitions, strategic investments, and partnerships. You will lead the team in structuring, planning, and successfully integrating large-scale partnerships and acquisitions. You will work with senior leadership across various Business Units and Functions, external stakeholders, and Board Members to drive strategic alignment.

The M&A Integration Management Office Leader is an effective decision maker, provides a compelling vision for M&A deals, drives change and communications, sets the pace of operating model decisions, and oversees multiple activities including organization design, synergy planning and major post close initiatives.  

Responsibilities

• Value Creation: Makes tradeoffs of risk against synergy levels, Guides target setting and value capture approach
• Integration Governance: Defines integration architecture and governance, Shapes Steering Committee agenda, and is responsible for substantive integration decisions.
• Engages with Executive Leadership: Ensure that the strategic objectives of acquisition integration are clearly defined and well understood by all  stakeholders. Crafts plans for value  post deal close, and ensures strategic objectives are obtained, highlighting the status of efforts, and providing recommendations to executive management for corrective action when required.
• Responsible for the overall integration strategy, performance objectives, and oversight of IMO function to deliver the execution, and related coordination across all workstreams to support the full transaction lifecycle through Integration efforts.

• Establish Clear Objectives:
  • Take care of people: Work w/ HR (Human Resources) to ensure formal retention programs for critical talent, Ensure proactive management with detailed reporting and scorecards, and Monitor engagement through formal surveys and communication routines.
  • Obtain Regulatory Approval: Work closely with Legal, Compliance, and Regulatory teams to track and fulfill on all regulatory requests to ensure the deal is approved on a timeline basis, establish routines with the Office of Remediation to ensure continued progress on all existing regulatory commitments.
  • Flawless Execution on Legal Day-1: Work with Finance to ensure successful execution of the financial transaction, change legal name on all documents/disclosures, implement priority organizational changes that are not conversion dependent (e.g., cyber)
  • Prepare for Integration Day 1: Orchestrate sharing of information and strategy to facilitate initial Customer Day-1 planning, data mapping, data retention, and decommission planning. Develop blueprints for post-integration operating models to include technology, processes, suppliers, and organization/talent. Establish governance to track synergy realization.
• Create an Effective Operating Model:
  • Single point of contract for the acquirer – and establishes single points of contact across all domains, escalation protocols, etc.
  • Manage information exchange and Communications (internal and external)
  • Coordinate talent approaches
  • Coordinate resource shifts between BAU (business as usual) and Integration
  • Support management of regulator expectations
  • Develop Integration plan (time, scope, and budget)
  • Develops an overarching design for success program structure 
• Provide strategic guidance on ensuring compliance with laws, regulatory requirements, policies, and procedures within integration efforts. Effectively identify and manage all risks and ensure compliance with regulations.
• Develop and leverage the M&A Playbooks, cost modelers, and knowledge of Discover ecosystems and frameworks to assist with Due Diligence preparation for all business targets for