Principal Business Risk Specialist

Discover Financial Services • Riverwoods, IL, United States • $200k - $250k / year • 1w ago

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:
What You’ll Do
This individual will have a wide range of responsibilities as part of a team responsible for multiple business risk management activities executed within the Payment Services Business Risk Office. This individual will support the compliance and risk management activities within the business, which may include risk assessment, issue management, procedure documentation, process design, control workflow/systems, reporting, testing, remediation and third-party management.
Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

How You’ll Do It
Support network governance program, serving as the primary point of contact for one of the three Discover Global Network Schemes.
Actively identifies potential risk management opportunities and escalates risk and potential issues to management. Actively manages and escalates risk and customer-impacting issues within the day-to-day role 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 risk management practices are in place, and to ensure enterprise change management requirements are being followed. Support control design process and assess processes for any control gaps or enhancements needed to ensure effectiveness of controls in business process changes. Provide feedback and input into enterprise change management program as necessary.
Provide support to business partners for execution of second line risk program requirements, such as Risk and Control Self-Assessment (RCSA), Risk and Control Assessment (RaCA), process management, regulatory change management and enterprise risk assessments. Support control design process and assess processes for any control gaps or enhancements needed to ensure effectiveness of controls in these 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 support to central exam / audit / testing team and serve as an effective challenge for remediated findings.

Qualifications You’ll Need
The Basics
Bachelors in business administration or related field.
6+ Years of experience in financial services, Marketing, Compliance, Internal Audit Operations or Vendor Management areas or related.

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 this job performed? Primarily performed indoors in an office setting.
Does this job require the ability to operate equipment or machinery? Select all that apply. Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
Does this job require the ability to communicate verbally or in written form? Select all that apply. Ability to communicate verbally.; Ability to communicate in written form.
Does the job require travel? No
Does this role require testing or assessments to measure the ability to perform the job? No

Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

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Application Deadline: The application window for this position is anticipated to close on Oct-18-2024. 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)

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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