Principal Business Risk Strategy, Planning and Reporting

Last updated 18 days ago
Location:Riverwoods, Illinois

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

At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers, and which is consistently awarded for both. We’re all about people and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.

Responsible for the operational risk and compliance performance. The role ensures corporate standards related to anti-moneylaundering policies, banking and lending regulations compliance, compliance with enterprise standards and practices areeffectively implemented and followed. Additionally, the position assists with the preparation and follow-up activity associatedwith regulatory, internal audits, and other third-party, on-site examinations. Works under minimal supervision. This positionalso assists the business in building and strengthening risk mitigation infrastructure and building associated controls. Also,supports the business through change management and risk mitigation for new initiatives.


  • Works with the business to meet the needs of various corporate initiatives such as vendormanagement, operational risk events, risk-related open issues, complaints, and operationalreadiness reviews for projects.

  • Works actively with the business to conduct end-to-end reviews for critical processes, identifiesgaps as they relate to operational and regulatory risk, and defines best possible scenarios forremediation.

  • Proactively identifies and drives improvement efforts to increase risk-control effectiveness.Monitors issue resolution to gaps identified and drives the business through the appropriatesolutions.

  • Assists BRIC and Business Unit Leadership in regulatory exam, internal audit, and compliancereview preparation and management.

  • Serves as a thought leader in the area of operational risk and control and provides advisoryservices to the business area on key projects/initiatives.

  • Supports projects and initiatives in conjunction with 'Control Owners' to drive controlimprovements across the operations unit.

  • Keeps business aware of issues and activities related to risk identification and controlsweaknesses and escalates to management as appropriate.

  • Assists in the embedding of business continuity practices into the business strategy andoperational activities of the business.

Minimum Qualifications

At a minimum, here’s what we need from you:

  • Bachelor's Degree Business, or related field

  • 6+ years of experience in a multiple business function, compliancedepartment, or other internal control function at a financialservices company, or related field

  • In lieu of a degree, 8+ years of experience in a multiple business function, compliancedepartment, or other internal control function at a financialservices company, or related field

Preferred Qualifications

If we had our say, we’d also look for:

  • Master's Degree Business, or related field.

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.