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Director Business Risk
Director Business Risk-March 2024
Riverwoods
Mar 18, 2025
ABOUT DISCOVER
Make a difference working in a culture that thrives on customer-focused innovation.
10,000+ employees
Financial Services
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About Director Business Risk

  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:

  Position Overview:

  Responsible for identifying risk and driving strategies to manage it.

  Liaison to the enterprise-wide Internal Audit, Legal, Compliance, and Corporate Risk functions.

  Develops business-unit-specific approaches and ensures accurate and timely implementation across all risk management disciplines and all areas in the organization. Directs process design, controls work flow/systems, reporting, testing, remediation, and third-party management.

  Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization

  Responsibilities:

  Provides education and monitors employees on requirements of company policies and standards related to Regulatory Risk Management, Regulatory Program Management, Risk Reporting, Operational Risk Events, Root Cause Analysis, and Issues Management.

  Oversees development and implementation of programs, procedures and job aids to facilitate efficient completion of policy and standard requirements

  Develop and deliver regulatory risk and exam management reporting to Senior Leadership

  Oversees timely completion of remediation projects and ensures a detailed escalation plan is in place for risk issues and is leveraged when necessary.

  Maintains a highly engaged, development-focused team.

  Where applicable, develops and executes risk assessments. Provides education and risk guidance to business partners and ensures policies, standards, procedures, risks, and controls are implemented, monitored, and executed as required.

  Ensures changes in laws and regulation are properly embedded into the control environment.

  Ensures effective identification and implementation of controls to manage operational, financial, and compliance risks.

  Develops efficient processes to maintain an accurate library of risks and controls. Collaborates with internal stakeholders to provide post-launch oversight of initiatives and reports results to management.

  Oversees timely completion of control design reviews and compliance risk assessments.

  Monitors the risk and control environment for weaknesses and identifies solutions to improve the effectiveness and efficiency of controls.

  Oversees timely completion of complex projects in the areas of Exam Management and Regulatory Risk Management.

  Oversees development, implementation, and administration of control standardization and workflow solutions.

  Oversees development of continuous monitoring for department and business unit regulatory risk and exam management processes/programs.

  Minimum Qualifications:

  Bachelor's Degree in Business, Engineering, Arts, Sciences, or related field

  8+ years of experience in general business, or related field

  In lieu of a degree, 15+ years of experience in audit, compliance, risk management, regulatory, financial services, marketing, or financial services operations

  Preferred Qualifications

  Prior experience managing global regulatory compliance requirements and initiatives.

  Master's Degree in MBA, IT, Engineering

  Bachelor's Degree in Business, IT, Engineering

  Application Deadline:

  The application window for this position is anticipated to close on Jan-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 $150,500.00 to $228,900.00. 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) (https://urldefense.com/v3/__https:/www.eeoc.gov/poster__;!!MjXRb4uW6x5k!ABIVgRw0WsyX2wfQC-pKxK3V9X4h1NBUGgjO7EM8PTvp5MNRgpEuVC_jVk0fcn_ISAZjmwkbLuUIrj8mFedCBkyz$)

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