Principal BSA & AML 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

• ​Responsible for managing anti-money laundering risks. Ensures all related anti-money laundering policies, standards, and practices are effectively implemented and followed by the business. Assists with the preparation and follow-up for regulatory reviews, internal audits, and other third party on-site examinations. Coordinates corrective actions in response to regulatory and/or internal findings. Partners with compliance to complete annual risk assessments. Collects management information and statistics for business unit anti-money laundering reporting. Provides guidance to the business regarding the identification, evaluation, mitigation and control of operational risks and business controls.

• Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

How You’ll Do It

• Review international regulatory requirements, conduct gap assessments, develop action plans and implement process changes for the Financial Crimes Compliance Payment Services Strategy team.

• Assists with the preparation for regulatory exams, internal audits, and compliance reviews.

• Conducts end to end reviews for critical processes, identify gaps as they relate to operational and regulatory risk, and defines options for remediation.

• Provides advisory services to the business for projects and initiatives.

• Identifies and drives risk-control improvement efforts. Monitors issue resolutions to identify gaps and drive the appropriate solutions.

• Ensures the business is aware of issues and activities related to risk identification and control.

Qualifications You’ll Need
The Basics

• Bachelors degree in Business Administration and Management or related field.

• 5+ years experience in a multiple business function, compliance department or other internal control function at a financial services company or related

• In Lieu of Education 10+ years experience in a multiple business function, compliance/ AML department or other internal control function at a financial services company or related

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 a stationary position.

• No required movement 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 Business Administration and Management or related field.

• Fore technical roles with Dreyfus requirements: External applicants will be required to perform a technical interview.

• 8+ years experience in a multiple business function, compliance department or other internal control function at a financial services company or related

• CAMS or CAFP certification.

Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

Application Deadline:

The application window for this position is anticipated to close on Jan-20-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

Compensation:

The base pay for this position generally ranges between $91,000.00 to $153,400.00. Additional incentives may be provided as part of a market compe