Principal Compliance Specialist – Compliance Testing and Monitoring Strategy

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:

Job Description

The Principal Compliance Specialist – Compliance Testing and Monitoring Strategy is responsible for assisting with the administration and execution of the Testing and Monitoring Strategy Program within Corporate Compliance. The program is designed to promote compliance with applicable laws and regulations by facilitating early identification and effective mitigation of compliance risk. The principal compliance specialist will assist with developing, implementing, and maintaining the Program which includes providing on-going support to the shared services risk testing team. The position requires experience in the design and execution of compliance testing and reporting, as well as regulatory compliance knowledge.

Responsibilities 

• Participate in the development of a multi-year compliance test plan and refresh annually to align with Compliance Risk Assessment.
• Assist Enterprise Risk Testing regarding scope for scheduled compliance reviews.
• Provide compliance advisory support during fieldwork to Enterprise Risk Testing to ensure proper understanding of regulatory requirements and testing is adequately designed to identify non-compliance with laws and regulations.
• Assist with finalizing findings including effective challenge of root cause analysis and corrective action plans and assignment of risk ratings.
• Assist with the development and maintenance of applicable Program documentation and procedures.
• Assist with on-going reporting of progress against test plan, findings, and associated management resolution efforts.
• Conduct meetings with stakeholders and other internal partners to review progress regarding annual compliance test plan and align on other related topics as needed.

Minimum Qualifications 

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

• Bachelor's Degree in any field 

• 6+ years of experience in compliance
• In lieu of a degree, 10+ years of experience in compliance

Preferred Qualifications 

If we had our say, we would also look for: 

• Certified Regulatory Compliance Manager
• 8+ years of experience in Compliance

Application Deadline:

The application window for this position is anticipated to close on Jan-28-2024. 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 $88,500.00 to $149,300.00. 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 race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status.