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:

Career Site Job Description

What You’ll Do

The Principal Compliance Specialist Role will be responsible for compliance advisory activities specific to applicable regulatory requirements impacting the respective business line or corporate function. This includes identification and advising on compliance risks and mitigates in the context of issues management and remediation; regulatory change management; business change management for products, services and systems; policies and procedures; monitoring and testing reviews; process and control assessments; and third- party oversight and training. The Principal Compliance Advisory will facilitate compliance with established Compliance Management System (CMS) governance and programs. In addition to these core advisory functions, the Principal Compliance Advisory will also have periodic involvement in regulatory exams, including drafting and reviewing exam responses. 

Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

How You’ll Do It

• Research 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 risk appropriately

• Executes compliance advisory functions within CMS programs

• Support various risk assessments across the enterprise

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

Qualifications You’ll Need
The Basics

• Bachelors degree in Business Administration and Management, Security and Intelligence, Law, Information Technology, Analytics, Finance or related.
• 6+ Years Compliance, law, risk management experience, or related
• In lieu of education experience 10+years Compliance, law, risk management experience, or related

Bonus Points If You Have

• Masters degree in Business Administration and Management, Security and Intelligence, Law, Information Technology, Analytics, Finance or related.
• 8+ Years Compliance, law, risk management experience, or related
• 4+ Years effective communication (written and verbal) that includes core

    components of active listening, persuasiveness, collaboration, and
    conciseness when meeting with and presenting to peers, various
    levels of leadership and other lines of business.   

• Build partnerships and work collaboratively with others to meet

  shared objectives.

• Optimizes work processes with a focus on continuous improvement.

Certified Regulatory Compliance Manager,

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

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:

• Does this job require remaining in a stationary position, including but not limited to, primarily sitting and standing? Primarily remain in a stationary position.

• Does this job require the ability to move about inside or outside the work environment to complete the major responsibilities of the job? No required movement about the work environment to complete the major responsibilities of the job

• Does this job require the ability to transport physical objects? If so, provide the weight of the heaviest object the job needs to transport without the aid of machinery or equipment or the weight equivalency with the aid of machinery or equipment. No

• Primarily, where is