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 identifying risk and driving strategies to manage it. Serves as the primary point of contact for the Payment Services' business to applicable global regulatory authorities.
- Supports the Payment Services business and serves as a liaison to the enterprise-wide Legal, Compliance and Corporate Risk functions and global regulatory authorities to assess and communicate impacts, report updates and provide a status of Payment Services' compliance with applicable laws and regulations.
- Leads or participates in the development of business-unit specific approaches to regulatory compliance requirements and monitors accurate and timely implementation of actions to achieve and maintain compliance across all risk management disciplines and all areas in the organization.
- Directs process design, control workflow/systems, reporting, testing, remediation and third-party management. Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.
How You'll Do It
- Serves as the point of contact for Payment Services with global regulatory authorities on matters relating to compliance with applicable laws and regulations. Advises Payment Services business units and supporting functions (e.g., Legal Counsel, Risk, Government Relations, Exam Management) on strategic and complex issues and requirements pertaining to compliance with applicable global regulatory requirements.
- Supports the Payment Services business units and the organization through leading and/or participating in the global regulatory exams of Discover's Payment Services business and the assessment of global regulatory requirements.
- Works with cross-functional teams to respond to regulatory reporting requests and deliver timely responses regulators.
- Exercises prudent discretion and decision-making skills to represent and/or advocate on the company's behalf before regulatory or judicial bodies, as necessary, or in dealings with counter-parties on matters such as litigation, commercial transactions, regulatory examinations and supervisory matters, comment letters and position papers on proposed regulations and legislation that may impact the company.
- Lobby on behalf of the Company's interests.
- Identifies, assesses, communicates, and provides oversight and strategic guidance on new or proposed legal and regulatory requirements, emerging legal and regulatory risks and trends.
- Works with Payment Services business units and cross functional teams across the first, second and third lines of defense (as applicable) to remediate gaps in compliance with applicable laws or regulations.
- Leads or participates in special assignments and/or projects focused on development or enhancement of regulatory risk management and monitoring programs for Payment Services.
- Manages and directs or develops teams/working groups, as assigned and required by role at management's discretion, to achieve business objectives.
Qualifications You'll Need
The Basics
- Bachelors in Business Administration and Management, Arts, Engineering, IT, Social Sciences, Information Security, J.D
- 10+ years in Financial Services, Payment Network (business to business), Audit, Compliance, Government Relations, Legal, Risk Management.
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.
- Travel up to 10% of the time.
Bonus Points If You Have
- Master degree in Business Administration and Management, Arts, Engineering, IT, Social Sciences, Information Security, J.D
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 Jan-06-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
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.
