at Discover in Riverwoods, Illinois, United States
Job Description
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:
Responsible for performing second line of defense activities for the development, implementation, and execution of risk management frameworks. Creates and maintains standards. Provides training on Standards. Monitors adherence to Standards. Provides reporting to leadership on execution of risk management frameworks across the enterprise. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
Responsibilities
· Design and oversee the management of the operational risk events, including detailed analysis of significant events and management of a scenario library to ensure appropriate remediation plans are implemented to mitigate control weaknesses.
· Enhance, implement, and contribute to the successful execution of enterprise-wide initiatives to build out scenario analysis and stress testing capabilities for operational risk that drive accountability and effectiveness for scenario analysis across use cases including stress tests and capital planning.
· Monitor operational risk event metrics, trends, industry practices, and regulatory expectations to provide analysis on loss data, and detect significant and/or emerging risks.
· Leads the development, enhancement, and implementation of risk management frameworks.
· Creates and maintains standards. Monitors the adherence to risk
· Monitors adherence to Standards.
· Provides training on Standards.
· Provides reporting to leadership on execution of risk management frameworks across the enterprise.
Minimum Qualifications
At a minimum, here’s what we need from you:
· Bachelor’s Degree in Finance, Business Administration and Management, Continuous Improvement, Engineering or English Studies
· 6+ years Risk management, operational risk, process management, financial services, or related
· In lieu of a degree, 8+ years Risk management, operational risk, process management, financial services, or related
Preferred Qualifications
If we had our say, we’d also look for:
· Master’s Degree in Finance or Business Administration and Management
· 8+ years Risk management, operational risk, process management, financial services, or related
Application Deadline:
The application window for this position is anticipated to close on Jul-27-2024. 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 $103,000.00 to $174,200.00. 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 & Pay Transparency Nondiscrimination Provision) (https://www.dol.gov/agencies/ofccp/posters)
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 HireAccommodation@discover.com . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
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