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

The Principal Compliance Specialist – Monitoring and Testing within Corporate Compliance performs a key second line of defense role by helping to ensure regulatory requirements are met by our consumer banking lines of business. The Principal Compliance Specialist will be responsible for executing risk-based compliance monitoring and testing for the purpose of independently validating business line adherence to applicable laws and regulations. The position requires experience in the design and execution of compliance monitoring and testing, including test script development, issues management, and reporting, as well as regulatory compliance knowledge. ​

How You’ll Do It

• Execution of risk-based compliance monitoring and testing in accordance with Compliance methodology and procedures.

• Development of test scripts to support assigned compliance reviews.

• Ensure test scripts are properly designed to identify non-compliance with applicable laws and regulations.

• Systematically retain documents to support results of compliance reviews.

• Manages scheduling to ensure all tasks and reporting are completed in a timely manner.

• Performs effective root cause analysis and obtains corrective action plans from lines of business.

• Assists with the drafting of issues and the formal report.

• Actively manages and escalates compliance risk and customer-impacting issues identified within their day-to-day role to their leadership.

• Responsible for overall integrity and quality of work performed.

• Maintains a high level of awareness and knowledge of regulatory requirements.

Qualifications You’ll Need
The Basics

• Bachelor’s degree in Business Administration and Management, Security and Intelligence, Law, Information Technology, Analytics, Finance or related field.

• 6+ years of experience in compliance, law, risk management experience, or related

• In lieu of a degree, 10+ years of experience in 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 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

• Certified Regulatory Compliance Manager

• Masters degree in Business Administration and Management, Security and Intelligence, Law, Information Technology, Analytics, Finance or related field.

• 8+ years of experience in Compliance, law, risk management experience, or related 

• Experience in compliance monitoring and testing

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-22-2024. 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 $91,000.00 to $153,400.00. 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.