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Senior Operational Compliance Specialist
Senior Operational Compliance Specialist-November 2024
Riverwoods
Nov 23, 2024
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 Senior Operational Compliance Specialist

  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:

  Will develop subject-matter-expertise surrounding customer- and other payee-facing requirements for information reporting and withholding regarding Discover products. Seeking a compliance-minded individual that is comfortable reading regulations and who is able, or willing to learn how to convert legal tax requirements into operational requirements. Will be responsible for supporting Tax Department team with managing department requirements and controls in support of the Discover enterprise product operations programs and overall Tax Department needs.

  Responsibilities

  Supports ongoing processes and education across the enterprise to improve operational tax compliance. Business teams perform activities that may be subject to tax statutory-, regulatory- or guidance-indicated requirements. Your role will be to ensure that those business areas understand the tax-related requirements.Supports business initiatives to provide new or enhanced products/activities to Discover customers by communicating the tax implications and requirements of those products or activities.Reviews and recommends operational tax-related enhancements to business team procedures, policies and training materials.Recognizes and documents changes in statute, regulations or guidance for communication to business teams.Reviews language in customer/payee-facing communications to ensure language is tax-appropriate.Research issues posed by business teams and formulates responses to those requests.Helps maintain official guidance provided by the Tax Department to business teams.Facilitates and performs activities required by the Compliance Management System (CMS) for Corporate Tax.Develops expertise in contract management tools and as subject-matter-expert for the Tax Department, manages or assists in managing contracts and engagements for the department.Assists more senior compliance professionals in evaluating the adequacy of, updating, and/or creating business policies, procedures, training and reference materials, system and manual processes with respect to regulatory requirements.Communicates and collaborates with business partners in the first and second lines of defense regarding compliance risks and controls.Assists Lead Specialists, Principals, Managers or Senior Manager in discrete portions of larger projects.Maintains a high level of awareness and knowledge of regulatory compliance requirements and assists in the identification of compliance risks and escalates issues to senior compliance management as identified.Supports the business in operationalizing legal and regulatory requirements.

  Minimum Qualifications

  At a minimum, here's what we need from you:

  Bachelor's Degree in Finance, Economics, Communications, or related field2+ years of experience in Compliance, audit, law, risk management, or related fieldIn lieu of education, 6+ years experience in Compliance, audit, law, risk management, or related field

  Preferred Qualifications

  If we had our say, we'd also look for:

  4+ years of experience in Compliance, audit, law, risk management, or related fieldCertified Regulatory Compliance Manager

  Application Deadline:

  The application window for this position is anticipated to close on Dec-05-2023. 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 $65,000.00 to $109,800.00. 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 LeavePaid Time Off401(k) PlanMedical, Dental, Vision, & Health Savings AccountSTD, Life, LTD and AD&DRecognition ProgramEducation AssistanceCommuter BenefitsFamily Support ProgramsEmployee 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)

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