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
• Help develop, execute, and evaluate the management of regulatory ongoing monitoring engagements and regulatory examinations.
• Maintain a positive relationship by interacting regularly with examiners from the Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, Federal Reserve, and various state and International regulatory agencies in preparation for, and during, an examination and routine continuous monitoring engagements.
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• Work under minimal supervision.
• Actively manages and escalates risk and compliance issues within the day-to-day role to management.
How You'll Do It
• Maintain an enterprise-wide, centralized repository of regulatory inquiries, examination requests and responses, reports of examination and any examination matters requiring attention.
• Provide regular status reports to senior management. Communicate trends to other practice groups across the enterprise.
• Provide regular updates to senior management regarding the examination status. Communicate examination findings.
• Assist with continuous monitoring regulatory engagement meetings and manage ad-hoc requests made by regulators, ensuring timely and complete responses are provided to the regulators.
• As needed, project manage regulatory examination overflow from initial requests to the conclusion of the examination by distributing requests to applicable stakeholders, ensuring timely responses to regulators, facilitating regulatory meetings, maintaining relationships with examiners, effectively challenging penholders on responses and communications, and escalating matters when appropriate.
• Establish regular preparation meetings with the target business unit(s) in advance of an examination. Conduct pre-examination coordination of the respective agency examiner-in-charge to communicate logistics.
• Make informed decisions regarding regulatory matters. Work with senior management to analyze regulatory requests and provide direction for effective approach to regulatory requests.
• Regularly assess regulatory monitoring engagements and examination process and make changes to support enhanced regulatory expectations.
• Keep current with emerging regulatory topics and best practices, disseminating this information across the appropriate business units.
Qualifications You'll Need
The Basics
• Bachelor's degree in business, finance, law or related field
• 6+ years of experience in consumer financial services, employment, intellectual property, antitrust or related field
• In lieu of degree, 10+ years of experience in consumer financial services, employment, intellectual property, antitrust or related field
Bonus Points If You Have
• Qualification as a Certified Regulatory Compliance Manager
Application Deadline:
The application window for this position is anticipated to close on May-11-2024. 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.