Principal Compliance Specialist

Discover. A brighter future.

With us youll 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 worlds leading digital banking and payments 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 Youll Do

The Principal Compliance Specialist Role will be responsible for compliance advisory activities specific to applicable regulatory requirements impacting the respective business line or corporate function. This includes identification and advising on compliance risks and mitigants in the context of issues management and remediation; regulatory change management; business change management for products services and systems; policies and procedures; monitoring and testing reviews; process and control assessments; and third party oversight and training. The Principal Compliance Advisory will facilitate compliance with established Compliance Management System (CMS) governance and programs. In addition to these core advisory functions the Principal Compliance Advisory will also have periodic involvement in regulatory exams including drafting and reviewing exam responses. Actively manages and escalates risk and customerimpacting issues within the daytoday role of management.

How Youll Do It

• Support the development and implementation of payment services risk rating and transaction monitoring models including international monitoring and reporting requirements

• Collaborate with various teams to implement and drive forward Financial Crime program changes.

• Advise the 1st Line of Business on Financial Crime related topics.

• Research and understands regulatory compliance requirements to evaluate
  whether business policies procedures training systems processes and controls comply with applicable laws and regulations; and to articulate those risks to stakeholders.

• Engages with business and risk partners to develop compliant solutions to mitigate and remediate consumer compliance risks; escalates risk appropriately.

• Executes compliance advisory functions within CMS programs.

• Support various risk assessments across the enterprise.

• Creates and updates status reports of program initiatives activities and
  compliance risks to management and committees.

Qualifications Youll Need
Minimum Requirements

• Bachelors Business Administration and Management Security and Intelligence Law Information Technology Analytics or Finance

• 6 years Compliance law risk management experience or related

• In Lieu of Education Experience 10 years Compliance law risk management experience 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 accommodation 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.

Preferred Requirements

• Payment network and AntiMoney Laundering experience

• Masters in Business Administration and Management Security and Intelligence Law Information Technology Analytics or Finance

• 8 years Compliance law risk management experience or related

• 4 years 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
  organizations 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 ThirdParty engagements
  commensurate with the level of compliance risk involved in the
  services being provided.
  Comprehensive riskbased Compliance training specifically tailored
  to job roles & responsibilities.

• 4 years 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.

• Certified Regulatory Compliance Manager

• Other: ACAMS JD CISA CIPP CRMP PMP RIMS or similar preferred

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 fulltime basis.

#remote #LIRR

Application Deadline:

Compensation:

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

• Short and Long Term Disability Life and Accidental Death & Dismemberment insurances

• Recognition Program

• Education Assistance

• Commuter Benefits

• Family Support Programs

• Employee Stock Purchase Plan

Learn more at .

What are you waiting for Apply today!

All Discover employees place our customers at the very center of our deliver on our promises to our customers each of us contribute every day to a culture that values compliance and risk management.

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)

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 .Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.

At Discover we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicants qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check and we follow all applicable local laws including the Los Angeles County Fair Chance Hiring Ordinance (LA County Fair Chance).

Positions marked as remote eligible are limited to remote locations within the country in which the position is based.

Applicants must be 18 or older at the time of hire.