Principal Compliance Program Specialist

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:
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.
The Principal Compliance Program Specialist is responsible for executing, maintaining and enhancing department or functional units in support of the overall compliance program elements. Actively manages and escalates risk and issues within the day-to-day role to management. Additionally, this role will have periodic involvement in exams and audits, including drafting responses; will lead and participate in cross-team Compliance department projects; and provide reporting to management on CMS risks.

Responsibilities
• Creates and updates status reports of program initiatives, activities, and compliance risks to management and committees
• Partners with management in the development, implementation, and maintenance of compliance programs and a culture of compliance
• Research compliance requirements and evaluate adequacy of policies, procedures, training and reference materials, system and manual processes.
• Executes, maintains and enhances compliance program components. Manages the development of processes and practices with respect to risks, controls and regulatory requirements identifying gaps and issues.

Minimum Qualifications
At a minimum, here's what we need from you:
• Bachelor's degree in law, Accounting, Business Administration and Management, Finance or related field
• 6+ Years Compliance, Law, Risk Management experience, or related field
• 1+ Years relevant experience in the financial service industry

Preferred Qualifications
If we had our say, we'd also look for:
• Models, champions, and reinforces a risk culture of compliance and transparency.
• Applies general understanding of risk identification and assessment processes, tools and techniques to provide oversight and challenge to risk measurement activities
• Demonstrates knowledge and understanding of compliance laws and regulations.
• Demonstrates knowledge of the Compliance Management System components related to: • Policies and procedures, and clear communication of intended procedural expectations and process. • Governance and reporting processes that provides a mechanism to identify, manage and escalate risks according to the organization's risk appetite. • Evaluation of and/or challenges processes, new/existing products or services, regulatory changes, customer communications, and/or technologies to ensure Compliance risks are identified and mitigated. • Identification and escalation of compliance risk management issues in a timely and effective manner, including ability to manage, monitor, and report on issues and development of action plans. • Risk monitoring and testing activities to determine whether regulatory requirements are being adhered to and/or Controls are operating effectively. • Identification of regulatory risks and adequate risk mitigants, as well as effectively challenging assessment of controls to prevent, detect, and correct errors. • Handling of complaints, evaluating business initiatives and providing research on potential regulatory impacts. • Due diligence on new and existing Third-Party engagements commensurate with the level of compliance risk involved in the services being provided. • Comprehensive, risk-based Comp
• 6+ Years in Effective communication (written and verbal) that includes core components of active listening, persuasiveness, collaboration, and conciseness when meeting with and presenting to peers, various levels of leadership and other lines of business.
• Build partnerships and work collaboratively with others to meet shared objectives.
• Optimizes work processes with a focus on continuous improvement.
• 8+ years' experience in Compliance, law, risk management experience, or related field
Application Deadline:
The application window for this position is anticipated to close on Sep-21-2024. 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 [email protected] . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.