Principal Business Risk Specialist (Emerging Regulatory Risks)

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:

This individual will have a wide range of responsibilities as part of a team responsible for multiple business risk management activities executed within the Business Risk Office. This individual will support the compliance and risk management activities within the legal and regulatory space, which may include risk identification and assessment coordination, issue management, procedure documentation, process design, control workflow/systems, reporting, testing, remediation and third- party management, as well as create and maintain a watchlist of upcoming legal and regulatory changes affecting the Decisions and Analytics organization and collaborate with stakeholders in DNA, Business Risk, Corporate Risk Management, Law and Compliance, to support impact assessment as well as development and timely execution of action plans.

• 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 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 a challenge for remediated findings

• Bachelors Business Administration and Management, Data Science, Data Analytics, Cyber Security, Statistics or similar

• 6+ years of Financial services, Marketing, Compliance, Internal Audit Operations, Business Technology, Cyber Security or Vendor Management areas or related.

• Masters Business Administration and Management, Data Science, Data Analytics, Cyber Security, Statistics or similar

• 8+ years of Financial services, Marketing, Compliance, Internal Audit Operations, Business Technology, Cyber Security, or Vendor Management areas or related.

• 2+ years People Management

• In Lieu of Education Experience 10+ years Financial services, Marketing, Compliance, Internal Audit Operations or Vendor Management areas or related.

• 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