Principal Risk Management

Posted 4 Days Ago
Be an Early Applicant
Chicago, IL
Hybrid
89K-149K Annually
Senior level
Cloud • Fintech • Machine Learning • Analytics • Financial Services
We power a network that helps people achieve a brighter financial future.
The Role
The Principal Risk Management role involves designing, developing, implementing, and maintaining the Company's Policy Governance Framework. It requires collaboration with business and risk partners to enhance risk management practices and oversee compliance with risk routines. The role also entails supporting senior management with analysis, projects, and reporting, while building effective relationships with stakeholders.
Summary Generated by Built In

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
Responsible for the ongoing activities related to design, development, implementation, and maintenance of the Company's Policy Governance Framework, and related methodologies. Engages collaboratively with business and risk partners to enhance their risk management practices, identify improvement opportunities, and provide effective challenge and execute on the framework.
How You'll Do It

  • Supports the design, development, implementation, and maintenance of the Policy Governance Framework
  • Executes oversight routines across enterprise to validate whether risk management routines are being followed, including effective challenge of the risks identified, controls developed, and governance routines established.
  • Works constructively and collaboratively with others to accomplish timely resolution of requirements, findings, limit breaches and leadership objectives, or support ad hoc tasks for leadership, regulators, or other stakeholders.
  • Facilitates communication and builds effective working relationships with key business stakeholders and risk owners.
  • Assists senior management with ad-hoc analysis, projects, presentations, and/or reporting.


Qualifications You'll Need
The Basics

  • Bachelors degree in Business Administration and Management, Finance, Accounting, Economics, Engineering or related Field.
  • 6+ years Experience in Risk Management, Financial Services, Process Improvement, Economist, or related field.
  • In lieu of a degree, 6+ years experience in Risk Management, Financial Services, Process Improvement, Economist, or related field


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.
  • Travel up to 10% of the time


Bonus Points If You Have

  • Masters degree in Business Administration and Management, Finance, Accounting, Economics, Engineering or related
  • RIMS - Certified Risk Management Professional


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 Nov-19-2024. 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 $88,500.00 to $149,300.00. 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.

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The Company
HQ: Riverwoods, IL
18,000 Employees
Hybrid Workplace
Year Founded: 1986

What We Do

Discover is one of the most recognized brands in U.S. financial services. We’re a direct banking and payment services company built on a legacy of innovation and customer service. We support, challenge and inspire employees to continually develop their skills, advance their career and help grow our business.

Why Work With Us

You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.

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