Principal Business Risk Control Specialist - Riverwoods, United States - Discover Financial Services

Discover Financial Services

Verified Company

Riverwoods, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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.

This individual will have a wide range of responsibilities as part of a team responsible for providing business risk oversight of Discover's Compliance Management System (CMS).

This person will liaise with the various consumer banking business units and with the enterprise-wide Legal, Compliance and Corporate Risk functions.

This person will develop business-unit specific approaches and ensure accurate and timely implementation across all risk management disciplines and all areas in the CMS plan.

This individual will direct the business compliance and operational risk/control activities within CMS, which may include risk assessment, controls, procedure documentation, process design, control workflow/systems, reporting, testing, remediation, and third-party management.

This includes education and training for business partners to ensure compliance with, and implementation of, all U.S. federal and state rules, regulations, and regulatory trends.

This individual will evaluate current operations across all consumer banking business units to identify areas for enhancements and work with business partners to implement these processes.

Responsibilities:

Risk and Control Management

Provides education and monitors consumer banking employees on the requirements of company policies and standards related to all areas of the CMS plan.

Develops and implements job aids and tools to facilitate efficient completion of policy and standard requirements.
Ensures effective identification and implementation of controls to manage operational, financial, and compliance risks.
Monitors the CMS plan for weaknesses and identifies solutions to improve the effectiveness and efficiency of the CMS plan.
Oversees timely completion of CMS plan activities.

Risk Analysis and Reporting

Provides education and monitors consumer banking employees on the requirements of the CMS plan, which includes regulatory change management, policies and procedures, resources and training, compliance risk assessment, monitoring and testing, compliance vendor management, enterprise change management, governance and reporting, complaints, and issues management.

Oversees the development and implementation of job aids and tools to facilitate efficient completion of CMS requirements.
Ensures a detailed escalation plan is in place for risk issues and leveraged when necessary.

Oversight
Assists Senior Manager or Director with oversight of larger team via periodic coaching and review of work for employees.

Project Management
Develops, implements, and administers standardization and workflow solutions.
Develops continuous monitoring exception reports for critical business processes.

Minimum Qualifications

At a minimum, here's what we need from you:
Bachelor's Degree in Business, Marketing, or related field
6+ years of experience in Financial Services, Marketing, Compliance, Internal Audit Operations, Vendor Management areas, or related field
In lieu of a degree, 10+ years of experience in Financial Services, Marketing, Compliance, Internal Audit Operations, Vendor Management areas, or related field

Preferred Qualifications

If we had our say, we'd also look for:8+ years of experience in Financial Services, Marketing, Compliance, Internal Audit Operations, Vendor Management areas, or related field
2+ years of experience in People Management
Certification in Control Self-Assessment, Certified Internal Auditor, Certified Public Accountant (CPA), Certified Regulatory Compliance Manager

Compensation:

The base pay for this position generally ranges between $88,500.00 to $149, 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

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. Di