Principal Operational Risk & Internal Control
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
Advises business partners on understanding and mitigating the inherent risk throughout their business processes. Partners with the business to improve the control environment by developing new/revised controls and resolves open issues. Serves as a liaison between business unit and Corporate Risk Management (CRM), Compliance, Legal, and other Business Risk Office groups. Executes various Preventative Risk Management activities and initiatives such as but not limited to risk and control assessments, operational risk events reporting, key risk indicator reporting, business continuity planning, records management, and new initiative process.
Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
How You’ll Do It
- Performs walkthroughs and provide consultation on existing and new processes and where appropriate facilitate documentation thereof including the identification of business risks and controls. Ensures that controls are in place to mitigate legal, regulatory and other applicable business risk. Where control gaps exist, provides consultation on the design of controls and monitor until execution.
- Provides consultation on and monitor timely execution of essential risk processes and requirements including, but not limited to, Business Continuity Planning and testing and Records Retention.
- Executes reporting including operational risk events, key risk indicators, and business reviews in accordance with Company policies and standards.
- Collaborates with business partners to ensure root cause analysis is performed and that appropriate corrective action plans are put in place to address issues stemming from the risk assessments, internal audits, regulatory findings, business unit test monitoring, operational risk incidents, and other applicable sources where gaps are identified.
- Provides relevant risk training to meet current and evolving organizational requirements and/or business needs.
Qualifications You’ll Need
The Basics
- Bachelor’s in Finance, Business Administration and Management or related field.
- 6+ years of experience in Risk Management, Internal Controls, Finance, or related experience.
- In Lieu of education, 8+ years of experience in Internal Controls, Finance, or related experience.
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? 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? 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.
Application Deadline: The application window for this position is anticipated to close on Oct-27-2024. 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.
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.
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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