Senior Principal 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:
What You'll Do
The Senior Principal Compliance Specialist role will be responsible for compliance advisory activities specific to applicable regulatory requirements impacting the respective business line or corporate function. This includes identification and advising on compliance risks and mitigants in the context of issues management and remediation; regulatory change management; business change management for products, services and systems; policies and procedures; monitoring and testing reviews; process and control assessments; and third-party oversight and training. The Senior Principal will also advise on and facilitate compliance with established Compliance Management System (CMS) governance and programs. In addition to these core advisory functions, the Senior Principal will have periodic involvement in regulatory exams, including drafting and reviewing exam responses; will lead and participate on cross-team Compliance department projects; and provide reporting to management on CMS risks. In executing these functions, the Senior Principal is expected to collaborate closely with other colleagues within Compliance, Corporate Risk Management, the Legal Organization, other lines of business and corporate functions, and risk officers.
Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
How You'll Do It

• Engages with business and risk partners to develop compliant solutions to mitigate and remediate consumer compliance risks; escalates risks appropriately.
• Executes compliance advisory functions within CMS programs.
• Creates and updates status reports of program initiatives, activities, and compliance risks to management and committees.

Qualifications You'll Need
The Basics:

• Bachelor's degree in Business Administration and Management, Security and Intelligence, Law, Information Technology, Analytics, Finance, or related field.
• 8+ years of compliance, law, risk, operations, or related experience.
• In Lieu of Education, 12+ years compliance, law, risk, operations, or related experience.

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.

Bonus Points If You Have

• Master's degree in Business Administration and Management, Security and Intelligence, Law, Information Technology, Analytics, Finance, or related field.
• 10+ years of compliance, law, risk, operations, or related experience.
• 8+ years :
• • Models, champions, and reinforces a risk culture of compliance and
  transparency.• Applies general understanding of risk identification and assessment
  processes, tools and techniques to provide oversight and challenge to
  risk measurement activities.• Demonstrates knowledge and understanding of compliance laws and
  regulations.• Demonstrates knowledge of the Compliance Management System
  components related to:• Policies and procedures, and clear communication of intended
  procedural expectations and process.• Governance and reporting processes that provides a mechanism to
  identify, manage and escalate risks according to the organization's
  risk appetite.• Evaluation of and/or challenges processes, new/existing products
  or services, regulatory changes, customer communications, and/or
  technologies to ensure Compliance risks are identified and mitigated.• Identification and escalation of compliance risk management issues
  in a timely and effective manner, including ability to manage,
  monitor, and report on issues and development of action plans.• Risk monitoring and testing activities to determine whether
  regulatory requirements are being adhered to and/or controls are
  operating effectively.• Identification of regulatory risks and adequate risk mitigants, as
  well as effectively challenging assessment of controls to prevent,
  detect, and correct errors.• Handling of complaints, evaluating business initiatives and providing
  research on potential regulatory impacts.• Due diligence on new and existing Third-Party engagements
  commensurate with the level of compliance risk involved in the
  services being provided.• Comprehensive, risk-based Compliance training specifically tailored
  to job roles & responsibilities.
• 8+ years:
• • Effective communication (written and verbal) that includes core
  components of active listening, persuasiveness, collaboration, and
  conciseness when meeting with and presenting to peers, various levels
  of leadership and other lines of business.• Build partnerships and work collaboratively with others to meet shared
  objectives.• Optimizes work processes with a focus on continuous improvement.
• Certified Regulatory Compliance Manager Upon Hire
• Other: JD, CISA, CIPP, CRMP, PMP, RIMS or similar preferred

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 May-04-2025. 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 $106,000.00 to $178,800.00. 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 Leave
• Paid Time Off
• 401(k) Plan
• Medical, Dental, Vision, & Health Savings Account
• Short and Long Term Disability, Life, and Accidental Death & Dismemberment insurances
• 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 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)
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.
At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant's qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angeles County Fair Chance Hiring Ordinance ( LA County Fair Chance ).
Positions marked as remote eligible are limited to remote locations within the country in which the position is based.
Applicants must be 18 or older at the time of hire.