Discover
We power a network that helps people achieve a brighter financial future.
Riverwoods, IL
Hybrid

Lead Compliance Specialist (Quality Reviews)

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Discover. A brighter future.

With Discover, you’ll have the chance to make a difference at one of the world’s leading digital banking and payments companies. From Day 1, you’ll do meaningful work you’re passionate about, with the support and resources you need for success. We value what makes each employee unique and provide a collaborative, team-based culture that gives everyone an opportunity to shine. Be the reason millions of people find a brighter financial future, while building the future you want, here at Discover.

Job Description  

What You’ll Do

Help management maintain and enhance department or functional units in support of the overall compliance program.

Collaborate with management to identify compliance issues and corrective action plans and communicate the scope and severity of identified concerns to the applicable level of management.

How You’ll Do It

  • Execute Quality reviews by inspecting compliance testing and validation documentation to confirm information and execution align to Procedural and Program requirements
  • Confirm compliance testing and validation processes are executed in accordance with Corporate Risk Management Policy and Standard requirements
  • Identify enhancement opportunities to continue improving the quality review processes and methodology; execute quality reviews in accordance with existing quality review framework
  • Maintain on-going communication with Program Office and Risk Testing Management on the status and results of the Quality Reviews performed
  • Review and perform control and transactional testing to confirm executed accurately and agree with documented conclusions. Provide effective challenge on existing Risk Testing processes and/or identify where there may be gaps/risk or enhancement opportunities
  • Assist in obtaining and developing content for presentations for committee reporting.
  • Assist in development and monitoring of quality review and other Risk Testing metrics 
  • Create and maintain high standard work product and supporting documentation
  • Communicate results and/or concerns verbally and in writing.
  • Execute assigned tasks within the defined timeframe; proactively communicate potential delays if deadlines at risk
  • Evaluate, monitor and/or test the adequacy of Risk Testing processes and practices with respect to risks, controls, and regulatory requirements, and identification of gaps and issues.
  • Assist more senior compliance professionals in evaluating the adequacy of business policies, procedures, training and reference materials, system and manual processes, and provides support for research of regulatory requirements.
  • Assist Principal Director in discrete portions of larger projects.

Qualifications You’ll Need

The Basics

  • Bachelor's degree in business, finance, legal, or related field
  • 4+ years of experience in compliance, financial services, and/or risk
  • In lieu of a degree, 8+ years of experience in testing, quality assurance, and/or audit

Bonus Points If You Have

  • 6+ years of experience in compliance, financial services, and/or risk
  • Strong understanding of compliance testing/monitoring (e.g. developing a sound testing review and sampling methods)
  • Former regulatory financial examiner experience
  • Certified Anti Money Laundering Specialist
  • Certified Internal Auditor
  • Certified Regulatory Compliance Manager

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.

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What are Discover Perks + Benefits

Discover Benefits Overview

Start enjoying great benefits Day 1 — We support you with the same dedication we bring to all of our customers. Our comprehensive benefits package features first-class insurance, financial planning support and excellent perks designed to help you reach your goals and live a rich, healthy life.

Check out more of our amazing employee benefits at mydiscoverbenefits.com

Culture
Volunteer in local community
Discover’s business is built on helping people, and we invest in the community (Blessing Backpacks, Boys & Girls Clubs, Big Brothers/Sisters) to demonstrate our commitment to a brighter future.
Partners with nonprofits
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Flexible work schedule
Remote work program
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
Hiring practices that promote diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
You can open a separate Health Care FSA (HCFSA) and contribute up to $2,650 tax-free from your paycheck to reimburse yourself for eligible out-of-pocket expenses.
Disability insurance
Employees receive Short-Term Disability Insurance at no cost.
Dental insurance
Discover offers two dental plan options — Standard and Premier — both are administered by MetLife.
Vision insurance
Discover offers two vision plan options — Standard and Premier through VSP.
Health insurance
Discover offers a variety of medical plans for you and eligible family members, so that you can choose the benefit plan that suits your needs.
Life insurance
As a Discover employee, you receive Basic Life Insurance of one times your HWEE (up to $500,000) at no cost to you.
Pet insurance
Purchase medical coverage at a discounted rate for your beloved family pet. The more pets you insure, the greater the discount.
Wellness programs
Help balance your work and personal life with a wide variety of free and discounted resource and referral services including family and relationship counseling and financial guidance.
Mental health benefits
Financial & Retirement
401(K)
You may elect to contribute 1% to 30% of your eligible base salary, commissions and bonus on a pre-tax basis, up to IRS limits every year.
401(K) matching
Discover matches up to 6% of the pre-tax contributions you make to the 401(k) Plan.
Employee stock purchase plan
The ESPP provides eligible employees with an opportunity to purchase shares of Discover common stock through payroll deductions at a 5% discount.
Performance bonus
Charitable contribution matching
Child Care & Parental Leave Benefits
Childcare benefits
Generous parental leave
Family medical leave
Adoption Assistance
Discover helps eligible employees and their families with the costs of adoption by reimbursing certain expenses.
Company sponsored family events
Vacation & Time Off Benefits
Generous PTO
Discover has a Paid Time Off of 4 to 5 Weeks of paid time per year.
Paid volunteer time
Paid holidays
Discover provides 7 paid holidays.
Paid sick days
Office Perks
Commuter benefits
When you enroll in the Commuter Benefits Program at WageWorks, you’ll save on taxes on mass-transit passes, parking and other eligible expenses.
Company-sponsored outings
Onsite office parking
Recreational clubs
Relocation assistance
Fitness stipend
Onsite gym
Discover has fitness centers and Weight Watchers® programs at all five major locations.
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Discover provides tuition reimbursement and a full-ride bachelor's degree program for select online degree programs.
Lunch and learns
Promote from within
Mentorship program
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Customized development tracks

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