Director Payments Strategy Development

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:
Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 190 countries and territories.
Discover's vision is to be the leading direct bank and payments partner and its mission is to help people spend smarter, manage debt better and save more so they achieve a brighter financial future.
At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers, and which is consistently awarded for both. We're all about people and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.
Job Summary:
Defines and oversees Discover Payment Service's strategy development. Leverages expertise in the payments market landscape to develop and lead critical strategic business initiatives and to identify and execute various business optimization and business growth initiatives including the execution of inorganic business levers.
Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.

Major Responsibilities:

• Identifies and develops Discover Payment Service's strategic objectives and opportunities in support of this strategy
• Leads structuring of programs and projects of diverse scope related to advancing Payment Service's strategy, business objectives, and related initiatives.
• Develops recommendations and identifies opportunities; leads presentations (e.g., financial technical analysis) and communications to leadership.
• Leads analysis on strategy development and business opportunities, which may include managing the creation of business case / financial models, valuation, deal rationale, due diligence, and transaction structuring.
• Leads cross-functional internal teams and external resources to facilitate strategy development and business initiative outcomes. Manages internal and external relationships related to strategy and business opportunity development.

Minimum Qualifications:

• Bachelors Business Administration and Management
• Bachelors Social Sciences
• 11+ years M&A, Investment Banking, Corporate Development, Transaction Advisory, Consulting, or related
• 4+ years Payments, Financial Services, or related

Preferred Qualifications:

• Masters Finance
• Masters Engineering
• Masters in Business Administration and Management
• 2+ years People Management or related
• 10+ years Financial Services, Management Consulting, or related

In Lieu of Education Experience

• 15+ years Financial Services, Management Consulting, or related

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.
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Application Deadline:
The application window for this position is anticipated to close on Oct-07-2024. 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 $173,000.00 to $263,400.00. 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.