Principal Operational Risk & Internal Control

About This Role

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

• Advise business partners on understanding and mitigating the inherent risks throughout their business processes.
• Partner with the business to improve the control environment by developing new/revised controls and resolves open issues.
• Serve as a liaison between business unit and Corporate Risk Management (CRM), Compliance, Legal, and other Business Risk Office groups.
• Execute various preventative risk management activities and initiatives such as, but not limited to, risk and control assessments, operational risk events reporting, key risk indicator reporting, business continuity planning, records management, and new initiative process.

How You’ll Do It

• Perform walk-throughs and consult on existing and new processes and, where appropriate, facilitate documentation thereof, including the identification of business risks and controls.
• Ensure that controls are in place to mitigate legal, regulatory, and other applicable business risks. Where control gaps exist, provide consultation on the design of controls and monitor until execution.
• Provide consultation on, and monitor timely execution of, essential risk processes and requirements including, but not limited to, business continuity planning and testing and records retention.
• Execute reporting, including operational risk events, key risk indicators, and business reviews in accordance with company policies and standards.
• Collaborate with business partners to ensure root-cause analysis is performed and that appropriate corrective action plans are put in place to address issues stemming from the risk assessments, internal audits, regulatory findings, business unit test monitoring, operational risk incidents, and other applicable sources where gaps are identified.
• Provide relevant risk training to meet current and evolving organizational requirements and/or business needs.

Qualifications You’ll Need

The Basics

• Bachelor's degree in finance, business management, or related field
• 6 years of experience in risk management, internal controls, finance, or related field
• In lieu of a degree, 8 years of experience in risk management, internal controls, finance, or related field

Bonus Points If You Have

• 8 years of experience in risk management, internal controls, finance, or related field
• Certified Internal Auditor, Certification in Control Self-Assessment, RIMS-Certified Risk Management Professional, or related certification

Compensation:

The base pay for this position generally ranges between $86,500.00 to $145,700.00. 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)