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:

This Senior Principal Compliance Specialist position will have responsibility to support more senior compliance professionals. This position will have a focus on supporting Discover’s Credit Card product line.  This position will have responsibility over the life-cycle of a credit card up until collections.  There is a focus on Regulation Z / TILA related activity in addition to overall compliance program components. This includes issue identification, compliance risks and mitigations in the context of incident reviews and remediation, regulatory change management, business change management, policies, and procedure reviews, and quarterly, monthly and periodic monitoring of first line processes. 

 

Responsible for maintaining and enhancing department or functional units in support of the overall compliance program components. 

Responsibilities

• Researches and understands regulatory compliance requirements to evaluate whether business policies, procedures, training, systems, processes and controls comply with applicable laws and regulations; and to articulate those risks to stakeholders.

• Engages with business and risk partners to develop compliant solutions to mitigate and remediate consumer 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 mitigants

• Creates and updates status reports of program initiatives, activities, and compliance risks to management and committees.

Minimum Qualifications

At a minimum, here’s what we need from you:

• Bachelor’s degree in business, Security and Intelligence, Law, Information Technology, Analytics, Finance, or related.

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

• In lieu of education 12+ years of experience in Compliance, Law, Risk, Operations, including some people leadership or related.

Preferred Qualifications

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

• Master’s degree in business, Security and Intelligence, Law, Information Technology, Analytics, Finance, or related.

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

• JD, CISA, CIPP, CRMP, PMP, RIMS or similar preferred

Compensation:

The base pay for this position generally ranges between $100,500.00 to $170,100.00. 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

• Commuter Benefits

• Family Support Programs

• Employee Stock Purchase Plan

Learn more at MyDiscoverBenefits.com.

What are you waiting for? Apply today!

All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.

Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of