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Discover Principal Business Risk Specialist (Emerging Regulatory Risks) in Riverwoods, Illinois

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 individual will have a wide range of responsibilities as part of a team responsible for multiple business risk management activities executed within the Business Risk Office. This individual will support the compliance and risk management activities within the legal and regulatory space, which may include risk identification and assessment coordination, issue management, procedure documentation, process design, control workflow/systems, reporting, testing, remediation and third- party management, as well as create and maintain a watchlist of upcoming legal and regulatory changes affecting the Decisions and Analytics organization and collaborate with stakeholders in DNA, Business Risk, Corporate Risk Management, Law and Compliance, to support impact assessment as well as development and timely execution of action plans.

The person in this role serves as the liaison with the Corporate Risk Management areas and other Risk Office teams. The Principal Business Risk Specialist actively identifies any potential risk management opportunities and escalates risk and potential issues to management.

  • Support issue management process, including oversight and effective challenge of

  • root cause analysis, sufficiency of action plans, and evaluation of target dates.

  • Monitor progress of issues and escalate blockers. Collaborate with Central Issue

  • Management (CIM) team to ensure alignment with enterprise standard. Also

  • supports other business risk functions as needed.

  • Evaluate and challenge business-driven changes to ensure appropriate riskmanagement practices are in place, and to ensure enterprise change managementrequirements are being followed. Support control design process and assessprocesses for any control gaps or enhancements needed to ensure effectiveness ofcontrols in business process changes. Provide feedback and input into enterprisechange management program as necessary.

  • Provide support to business partners for execution of second line risk programrequirements, such as Risk and Control Self-Assessment (RCSA), Risk and ControlAssessment (RaCA), process management, regulatory change management andenterprise risk assessments. Support control design process and assess processesfor any control gaps or enhancements needed to ensure effectiveness of controls inthese activities. Provide feedback and input to risk programs as necessary.

  • Provide input and effective challenge into business activities to help monitor risk management health of its business including, but not limited to, control design, execution and effectiveness, risk and control library maintenance, and effective challenge of KRI/KPIs. Also provide input into regular trending, analysis and reporting of the business risk environment and issues, as appropriate, to key stakeholders.

  • Provide input and effective challenge into business activities to help monitor riskmanagement health of its business including, but not limited to, control design,execution and effectiveness, risk and control library maintenance, and effectivechallenge of KRI/KPIs. Also provide input into regular trending, analysis andreporting of the business risk environment and issues, as appropriate, to keystakeholders.

  • Provide support to central exam / audit / testing team and serve as a challenge for remediated findings

Minimum Qualifications

At minimum here is what you will need:

  • Bachelors Business Administration and Management, Data Science, Data Analytics, Cyber Security, Statistics or similar

  • 6+ years of Financial services, Marketing, Compliance, Internal Audit Operations, Business Technology, Cyber Security or Vendor Management areas or related.

Preferred Qualifications

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

  • Masters Business Administration and Management, Data Science, Data Analytics, Cyber Security, Statistics or similar

  • 8+ years of Financial services, Marketing, Compliance, Internal Audit Operations, Business Technology, Cyber Security, or Vendor Management areas or related. ​

  • 2+ years People Management

  • In Lieu of Education Experience 10+ years Financial services, Marketing, Compliance, Internal Audit Operations or Vendor Management areas or related.

#LI-CM

Application Deadline:

The application window for this position is anticipated to close on May-20-2024. 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. (Know Your Rights & Pay Transparency Nondiscrimination Provision) (https://www.dol.gov/agencies/ofccp/posters)

Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email HireAccommodation@discover.com . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.

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