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Principal Third Party Risk Program Management
Principal Third Party Risk Program Management-May 2024
Riverwoods
May 1, 2025
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 Third Party Risk Program Management

  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:

  Responsible for providing oversight and governance for the day-to-day, third-party risk activities within the company. Assists with the execution of the strategic direction of the third-party risk management program by monitoring and reporting on the compliance with enterprise-wide policy and procedures for assessing, onboarding, managing, monitoring, and terminating third-party transactions. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

  Responsibilities

  Executes risk oversight reporting and exam management in connection with the Third-Party Risk Management Program, Policy, and framework. These activities include monitoring compliance with the program requirements, supporting the maintenance and enhancements of enterprise policies and procedures, and the oversight of identified critical and strategic services being provided to Discover.

  Maintenance of the third-party risk management framework and related documentation and standards, tracking and reporting on third party key risk indicators, which includes the status of SME risk assessments, issues and action plans of third-party engagements, liaising with the different SME teams and engagement owners throughout the lines of business, and training to standards and framework.

  Lead on regulatory exam management and internal audit responses.

  Compiles and reconciles third party reporting data for committee and board reporting.

  Minimum Qualifications

  At a minimum, here's what we need from you:

  Bachelor’s degree in finance or related.

  6+ years of experience in Risk Management, Financial Services, Process Improvement, or related.

  In lieu of education, 8+ years of experience in Risk Management, Financial Services, Process Improvement, or related.

  Preferred Qualifications

  If we had our say, we'd also look for:

  Master’s degree in finance or related.

  8+ years of experience in Risk Management, Financial Services, Process Improvement, or related.

  Application Deadline:

  The application window for this position is anticipated to close on Jan-24-2024. 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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