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Principal Business Risk Control Specialist
Principal Business Risk Control Specialist-November 2024
Riverwoods
Nov 11, 2026
ABOUT DISCOVER
Make a difference working in a culture that thrives on customer-focused innovation.
10,000+ employees
Financial Services
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About Principal Business Risk Control 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:

  At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both. We’re all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career. Discover Financial Services offers a variety of banking products - credit cards, deposit accounts, personal loans, student loans and home loans.

  This individual will have a wide range of responsibilities as part of a team responsible for identifying risk and driving strategies to manage it. This person will also liaise 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.

  This individual will lead business compliance and operational risk/control activities, which may include risk assessments, 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 adherence to company risk management policies and standards; and compliance with, and implementation of, all U.S. federal and state rules, regulations, and regulatory trends. This individual will evaluate current operations for business units to identify areas for enhancements and work with business partners to implement these processes. It will be this person's responsibility to understand how legal, technology, and business process changes are implemented within the business unit and evaluate potential impacts. Actively manages and escalates risk and customer-impacting issues to management.

  Responsibilities

  Risk and Control Design

  Provides education and monitors employees on the requirements of company policies and standards related to risk and control ownership, the development and execution of new products and services, regulatory change management, issue resolution, and control testing.

  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.

  Acts as subject matter expert on efficient processes to maintain an accurate library of risks and controls. Manages independent post-launch oversight of initiatives and report results to management.

  Oversees timely completion of control design reviews, process management reviews , risk and control self-assessments, and enterprise risk assessments. Monitors the risk and control environment for weaknesses and identifies solutions to improve the effectiveness and efficiency of controls.

  Risk Analysis, Monitoring and Reporting

  Provides education and monitors employees on the requirements of company policies and standards related to Risk Reporting, , Root Cause Analysis, Consumer Complaints, and Issues Management.

  Oversees the development and implementation of job aids and tools to facilitate efficient completion of policy and standard requirements.

  Provides guidance and support to lines of business in developing procedures, maintaining risk and control libraries, third-party risk management, developing KRIs and KPIs, monitoring control environment and business continuity planning.

  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 control standardization and workflow solutions.

  Identifies and completes projects to drive continuous improvement efforts.

  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 (CIA), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM)

  Application Deadline:

  The application window for this position is anticipated to close on Jan-30-2024. 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) (https://urldefense.com/v3/__https:/www.eeoc.gov/poster__;!!MjXRb4uW6x5k!ABIVgRw0WsyX2wfQC-pKxK3V9X4h1NBUGgjO7EM8PTvp5MNRgpEuVC_jVk0fcn_ISAZjmwkbLuUIrj8mFedCBkyz$)

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