Senior Director, Head of Third Party Risk Management

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:

The Senior Director, Head of Third-Party Risk Management will contribute to the Company's capability to understand, control and articulate the nature and level of third-party risk taken in pursuit of a risk adjusted return. Responsible for driving our objective of ensuring that third-party risk management is a competitive advantage. Responsible for our third-party risk management frameworks and strategy and provides an independent view of aggregate thirdparty risk faced by the Company. Provides strategic direction to the third-party risk management function across the organization through the establishment of enterprise-wide policy and procedures for assessing, managing, monitoring and terminating third party relationships. Ensures regulatory and program compliance and oversees and monitors the third-party risk management process.

 This visible role will be accountable for all aspects of the third-party risk management program and will influence and collaborate with business and risk oversight leaders (credit, market, liquidity, strategic, operational, compliance and legal risk), with partners in Procurement and Corporate Services, Legal, and other necessary stakeholders to drive necessary action and will communicate findings to executive management and the Board of Directors.

Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.

Responsibilities:

• Provides leadership and direction to ensure appropriate risk management oversight occurs for third party activities. Oversight activities are performed through monitoring and developing where necessary the following: key risk indicators, risk appetite, performance scorecards, risk acceptance, subject matter expert compliance, third-party risk and control statements, strategic services, and regulatory compliance.

• Accountable for end-to-end governance to ensure compliance with the third-party risk management program requirements and the enterprise governance operation requirements. Governance activities are performed through policy and procedure creation and maintenance, risk management framework adherence, quality assurance activities, Inherent Risk Assessment (IRA) alignment, effective challenge and training and communication.

• Forges strong partnerships with leaders throughout the Company to enhance collaboration, advise and consult on third-party risk reduction and mitigation strategies, and facilitate escalation when challenging first line decisions. Works constructively and collaboratively with stakeholders to accomplish timely resolution of requirements, findings, limit breaches and leadership objectives.

• Provides third-party risk management reporting, including at executive management committees and the Board of Directors. Provides management with internal reporting for effective oversight and governance monitoring, including the use of analytics to understand themes and trends along with the impact of those themes and trends and facilitate the discussion of actions to address the relevant issues

• People Management HR activities, including retaining top talent and supporting the risk cultural journey and necessary remediation activities.

Minimum Qualifications:

• Bachelor’s degree in business or finance

• 10+ years of risk management experience in a financial environment with specific focus on third-party risk management or internal audit or related

Preferred Qualifications:

• Master’s degree in business or finance

• 4+ years of people management preferred

Compensation:

The base pay for this position generally ranges between $169,000.00 to $257,000.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Benefits:

We also offer a range of benefits and programs based on eligibility. These benefits include:

• Paid Parental Leave

• Paid Time Off

• 401(k) Plan

• Medical, Dental, Vision, & Health Savings Account

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