Senior Manager Third Party Risk Management

Posted 18 Days Ago
Be an Early Applicant
Chicago, IL
Hybrid
106K-179K Annually
Senior level
Cloud • Fintech • Machine Learning • Analytics • Financial Services
We power a network that helps people achieve a brighter financial future.
The Role
The Senior Manager for Third Party Risk Management oversees and governs third party risk activities, ensuring compliance and execution of risk management programs. This role includes managing a team, enhancing existing processes, and providing leadership and direction to identify and escalate risks. The manager will collaborate with various stakeholders, monitor performance metrics, and report on compliance, driving continuous improvement within the organization.
Summary Generated by Built In

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

  • Responsible for providing oversight and governance for third party risk and control activities. Ensures the execution of third party risk management programs across the company. Manages team responsibilities independently, establishing direction, and prioritizing efforts. Serves as subject matter expert on multiple and highly complex business activities. Monitors and reports on compliance with policies and procedures for assessing, on-boarding, managing, monitoring, and terminating third parties. Demonstrates broad perspective and critical thinking that is cross functional, extending beyond area(s) of responsibility.
  • Develops and coaches teams to be able to identify, manage, and escalate risk, and effectively manages risk within the teams you oversee.


How You'll Do It

  • Manages a team that defines the framework for on-boarding, managing, and terminating third parties. Assists with the enhancement of existing and development and execution of new oversight activities.
  • Manages the governance activities associated with the third party risk management policies, procedures, and frameworks. Maintains existing procedures, trains business partners, and ensures third party risk management issues are created and validated in line with internal procedures.
  • Executes risk oversight reporting and exam management in connection with the Third Party Risk Management Program, Policy, and framework. These activities include monitoring compliance with the program requirements, supporting the maintenance and enhancements of enterprise policies and procedures, and the oversight of identified critical and strategic services being provided to Discover
  • Reviews and validates third party reporting data. Assists with the analysis of key risk indicators and underlying performance metrics, subject matter due diligence results, control deficiencies and program non-compliance.
  • Provides leadership, mentoring, and development to the team. Collaborates and builds relationships with different program participants.
  • Challenges the status quo by evaluating situations from multiple facets. Able to lead discussions with senior management as well as demonstrate influence and decision-making across levels.
  • Acts in a consultative nature and makes recommendations to advance initiatives, even if not in own area, while also demonstrating flexibility and open-mindedness in evaluating options.


Qualifications You'll Need
The Basics:

  • Bachelor's degree in Information Technology, Finance, Business Administration and Management, Engineering, or related field.
  • 6+ years of experience in Risk Management, Financial Services, Process Improvement, or related.
  • 2+ years of experience in Management.
  • In Lieu of Education, 10+ years of experience in Risk Management, Financial Services, Process Improvement, 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:

  • Primarily remain in a stationary position.
  • No required movement about the work environment to complete the major responsibilities of the job.
  • Primarily performed indoors in an office setting.
  • Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
  • Ability to communicate verbally.; Ability to communicate in written form.


Bonus Points If You Have:

  • Master's degree in Information Technology, Finance, Business Administration and Management, Engineering, or related field.
  • 10+ years of experience in Risk Management, Financial Services, Process Improvement, or related.
  • In Lieu of Education, 15+ years of experience in Risk Management, Financial Services, Process Improvement or related, including prior people management experience.
  • PMP.
  • CRISC, CISA, CISM, CISSP, or similar.


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 Dec-10-2024. 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 $106,000.00 to $178,800.00. 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.

What the Team is Saying

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The Company
HQ: Riverwoods, IL
18,000 Employees
Hybrid Workplace
Year Founded: 1986

What We Do

Discover is one of the most recognized brands in U.S. financial services. We’re a direct banking and payment services company built on a legacy of innovation and customer service. We support, challenge and inspire employees to continually develop their skills, advance their career and help grow our business.

Why Work With Us

You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.

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