Senior Principal Compliance 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:

 

The Senior Manager Compliance Advisory role within Compliance Advisory - Payment Services (CAPS) department will support Payment Services and will be responsible for compliance advisory activities specific  to laws impacting Payment Services. This includes issue-identification and advising on compliance risks and mitigants in the context of incident reviews and remediation; regulatory change management; business change management for products, services, and systems; policies and procedures; audits; testing reviews; process and control assessments; vendor engagement reviews; training development and reviews; quarterly targeted monitoring and monthly periodic monitoring of first line processes. The Senior Manager will also advise on and facilitate compliance with established Compliance Management System governance and programs. 

In addition to these core advisory functions, the Senior Manager will some involvement in regulatory exams, including drafting and reviewing exam responses; will lead cross-team Compliance department projects; will coach other advisory team members; and will develop and present senior management reporting on CMS risks impacting their coverage area. 

In executing these functions, the Senior Manager is expected to collaborate closely with other Compliance Advisors, subject matter experts, the Legal Organization, multiple lines of business, and business risk partners. 

 

Responsibilities 

• Once established, manage a team that maintains and enhances compliance program components. Provide support, coaching, and counsel to the team. Manage the development of team members by authoring and assigning goals, conducting periodic coaching and feedback reviews, and administering annual performance evaluations.  ·      
• Researches and understands regulatory compliance requirements to evaluate whether business policies, procedures, training, systems, processes, and controls comply with laws; and to articulate those risks to stakeholders 
• Engages with business and risk partners to develop compliant solutions to mitigate and remediate compliance risks; escalates risks appropriately 
• Understands Compliance Management System (CMS) components and the requirements of established CMS programs and promotes a culture of compliance.
• Executes compliance advisory functions within CMS programs.
• Leads identification and assessment of CMS program risks and mitigates
• Creates and updates status reports of program initiatives, activities, and compliance risks to management and committees.

 

Minimum Qualifications 

At a minimum, here is what we need from you: 

·       Bachelor’s degree in Business, Security and Intelligence, Law, Information Technology, Analytics or Finance.

·       8+ years in Compliance, Law, Risk, Operations, including some people leadership or related.

·       In Lieu of Education 12+ years’ experience in Business, Security and Intelligence, Law, Information Technology, Regulatory Compliance, Analytics or Finance.

 

Preferred Qualifications 

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

·       10+ years in Compliance, Law, Risk, Operations, including some people leadership or related.

·       JD, CRCM, CCEP, CCP, CIA, CISA, CIPP, CRMP, PMP, RIMS or similar preferred

 

Application Deadline:

The application window for this position is anticipated to close on Dec-23-2023. 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 $103,000.00 to $174,200.00. 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

• STD, Life, LTD and AD&D

• Recognition Program

• Education Assistance