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.
Supporting the Discover Personal Loans business, the Director of Business risk is responsible for identifying risk and driving strategies to manage it. The Director leads the following activities:
Assesses and monitors the risk and control environment. Identifies weaknesses and ensures closure of weaknesses improving the risk environment.
Understands trends and root causes of control failures and provides leadership to mitigate future risk exposures.
Opines on the state of risk and escalates to Sr. Management when actions to address potential exposures are needed.
Develop business-unit specific approaches and ensure accurate and timely implementation across all risk management disciplines and all areas in the organization.
Directs process design, control work flow/systems, reporting, remediation and third party management.
Liaison to the enterprise-wide Legal, Compliance and Corporate Risk functions.
Risk coverage includes the Consumer Banking collection and recovery functions in additional to the Personal Loans business.
Ensures effective identification and implementation of controls to manage operational, financial and compliance risks.
Supports change management activities, including risk identification and control design, and pre- and post-launch oversight of initiatives and report results to management.
Monitors the risk and control environment for weaknesses and leads identification of solutions to improve the effectiveness and efficiency of controls.
Provides education and risk guidance to business partners and ensures policies, standards, procedures, risks and controls are implemented, monitored and executed as required.
Acting on legal guidance, ensures changes in laws and regulations are properly embedded into the control environment.
Supports activities required to maintain an accurate library of risks and controls.
Oversees timely completion of control design reviews and compliance risk assessments.
Provides education and monitor employees on requirements of company policies and standards related to Risk Reporting, Operational Risk Events, Root Cause Analysis, and Issues Management.
Oversees timely completion of remediation projects and ensures a detailed escalation plan is in place for risk issues and leveraged when necessary.
Oversees timely completion of complex projects in the areas of Exam Management, Control Workflow and Standardization Solutions, Departmental Continuous Improvement.
Maintains a highly engaged, development focused team.
Adheres to established Leader Standard Work schedule (Coaching, Floor Walks, Process Confirmations).
Bachelors Degree required in Business, Arts, Engineering, or Social Sciences.
Masters in IT, Business or Engineer preferred
8+ years of related experience
In Lieu of education, 15+ years in audit, compliance, risk management, regulatory, financial services marketing or financial services operations.
What are you waiting for? Apply today!
The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.