Principal Compliance Program 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

The Principal Compliance Program Specialist is responsible for executing, maintaining and enhancing department or functional units in support of the overall compliance program elements. Actively manages and escalates risk and issues within the day-to-day role to management. Additionally, this role will have periodic involvement in exams and audits, including drafting responses; will lead and participate in cross-team Compliance department projects; and provide reporting to management on CMS risks. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.                                                                                                                                                                   
 

How You’ll Do It

• Executes, maintains and enhances compliance program components. Manages the development of processes and practices with respect to risks, controls and regulatory requirements identifying gaps and issues.

• Research compliance requirements and evaluate adequacy of policies, procedures, training and reference materials, system and manual processes.

• Partners with management in the development, implementation, and maintenance of compliance programs and a culture of compliance.                                            

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

• Manages monthly collection, validation and analysis of compliance metrics

• Supports annual metric refresh cycle through evaluation of compliance programs and business processes to identify measurable indicators/outcomes of compliance risk

Qualifications You’ll Need
The Basics

• Bachelor’s degree in Business Administration and Management, Accounting, Finance or Law

• 6+ years of experience in Compliance, law, risk management experience, or related field    

• 1 + years of relevant experience in the financial services industry

• In Lieu of Education 8+ years of experience in Compliance, law, risk management experience, or related field

​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 stationary position.

• Occasionally move about the work environment to complete the major responsibilities of the job.

•  Ability to transport physical objects up to 10 pounds (5 kg).

• 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

• Master’s degree in law, Business Administration and Management or Finance.

• 6 + years of experience with Reinforcing a risk culture of compliance and transparency. Risk identification and assessment processes. Knowledge and understanding of compliance laws and regulations Compliance Management System components related to: Policies and procedures, and clear communication of intended procedural expectations and process. Governance and reporting processes, handling of complaints, evaluating business initiatives and providing research on potential regulatory impacts. Due diligence on new and existing Third-Party engagements commensurate with the level of compliance risk involved in the services being provided.

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