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

Senior Manager Compliance Programs

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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 leading teams that verify that business operating units are compliant with all appropriate local, state and federal regulations through execution of the 1st line consumer compliance testing plan, relevant controls, establishment of testing design, collaboration with business management to identify compliance issues and corrective action plans, and support the issuance of compliance findings to communicate the scope and severity of concerns identified to the applicable level of management. The role is responsible for managing (directly and indirectly) Testing department personnel.

How You’ll Do It

  • Manage a team that maintains and enhances 1st line testing of controls and associated control standard requirements including transaction and control testing. Provide support, coaching, and counsel to the team. Manage the development of team members by authoring and assigning goals, conducting periodic coaching and feedback reviews, and administering annual performance evaluations.
  • Maintain an in-depth knowledge of DFS, banking industry, compliance concepts, regulations, and respective requirements and identify opportunities to enhance overall team development (e.g. mentoring, developing case study presentations, filtering and escalating feedback from the broader team, sharing webinar, financial/compliance industry articles, conference take-a-ways not available to others etc.)
  • Lead the execution of the 1st line testing plan, and propose adjustments to the plan according to current risk environment and business priorities
  • Ensure high quality of testing workpapers
  • Engage with data scientists on requirements to develop data analytic routines to support and automate compliance transaction testing
  • Demonstrated ability to research regulatory compliance requirements, develop testing programs and recommend enhancements to ensure bank adherence to regulations
  • Create and update status reports of program initiatives, activities, and compliance issues to management and committees.
  • Delegated authority to act on behalf of Director, responsibility and duties as appropriate (i.e. attend meetings, issue reports, make decisions, lead resolution of critical issues etc.)
  • Communicate and escalate concerns, potential risks, issues, or deficiencies identified that may have enterprise-wide impact to senior management to drive culture of compliance
  • Provide effective challenge in leveraging data analytics to develop testing approach; analyze output to target testing activities 
  • Oversee review execution including performing final signoff on the validity and integrity of the work product
  • Building and maintaining relationships with business partners (e.g. Internal Audit, Business Risk Office and the Business Operating Units)
  • Strong organizational and project management skills and the ability to execute on multiple projects and understand how they fit into the larger Compliance Testing Program
  • Develops innovative solutions, involving other team members to promote a collaborative environment within the team

Qualifications You’ll Need 

The Basics

  • Bachelor's degree in business, security, law, computer science, data analytics, risk, or related field
  • 8+ years of experience in compliance, law, risk, operations, regulatory examination, audit or related field
  • 5+ years of experience in people management
  • In lieu of a degree, 10+ years of experience in compliance, law, risk, operations, including people management

Bonus Points If You Have

  • Experience or working knowledge of the card, consumer banking and lending industry including home loans, student loans and personal loans
  • Master's degree in business administration, finance, accounting, security, law, computer science, data analytics, risk, or related field
  • 10+ years of experience in compliance, law, risk, operations, regulatory examination, audit or related field
  • CRCM, JD, CISA, or similar license/certification
  • Effective communication skills (both orally and in writing) with all levels of management
  • Broad knowledge and application of Risk Management programs (e.g. Regulatory, Operational, Financial, Credit etc.) risk assessments, testing and monitoring, training, and policy
  • Knowledge of regulatory environment, expectations, ratings
  • Knowledge and understanding of the components of Compliance Management System and how the information pulls together (e.g. Corporate Hierarchy; mapped controls, procedures, risks etc.)
  • Excellent analytic skills and the ability to dissect complex situations and processes

#LI-DK1

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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