Job Information
Discover Principal Regulatory Change Risk in Riverwoods, Illinois
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:
Leads, maintains and enhances the Legal Organization's regulatory change program. Responsible for the oversight of the Legal Library inventory of laws and regulations, Legal's Identification, Communication, Assessment and Planning (ICAP) process. Partner with Attorneys, Corporate Compliance and Business Partners to communicate and implement regulatory changes across the Company. Maintains appropriate governance as required by the enterprise-wide risk management programs or initiatives. Ensures data integrity, provide deep analysis, and develop/enhance reporting that drives increased efficiency and effectiveness. This position offers exposure to senior leaders, attorneys and business partners and requires strong thought and results leadership. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
Responsibilities
Lead, maintain and enhance Discover’s regulatory change process. Provides ownership and oversight of the Regulatory Change Management process for regulatory changes and the Regulatory Library inventory of laws and regulations.
Demonstrate Discover Behaviors while managing the day-to-day operations of the regulatory change processes.
Will identify, monitor, analyze, communicate and track International and Domestic regulatory changes applicable to the Company.
Leads, tracks and works with Legal partners to determine applicability of International and State Regulatory Changes.
Monitor, communicate and track state laws applicable to the Company.
Create and maintain procedures or standards to effectively manage regulatory change.
Identify, implement and/or maintain appropriate controls.
Oversees technology solutions that impact the regulatory change process and lead the use of new and evolving technologies (e.g. GRC, other technologies) and ensure data integrity.
Develop and maintain actionable reporting and metrics (key risk indicators, key performance indicators).
Develop and deliver training related to the regulatory change process.
Partner with Attorneys, Corporate Compliance Regulatory Change Management team and Business Partners to ensure timely communication and implementation of regulatory changes.
Position may lead a team of professionals that includes coaching and development, performance management, assignment of responsibilities, and oversight.
Exercises prudent discretion and independent decision-making capabilities to drive and achieve compliance with laws, regulations, ordinances, policies and procedures.
Provides proactive, timely and comprehensive risk management support to colleagues and assigned business unit clients by providing guidance within a specialized area or particular business activity. Identifies and communicates information to business clients related to assigned SME, and provides strategic guidance on new or proposed requirements, emerging risks and trends to colleagues and business clients.
Minimum Qualifications
At a minimum, here’s what we need from you:
Bachelor's Degree in Business, Finance or relevant field
6+ years of experience in Risk Management, Compliance, Internal Audit or related in Financial Services field
Preferred Qualifications
If we had our say, we’d also look for:
Bachelor’s of Law Degree
2+ years of Legal Risk Management, Operations or related- experience
2+ years of experience using GRC systems, Tableau, Microsoft Suite
#li-cs1 #remote
Application Deadline:
The application window for this position is anticipated to close on Apr-29-2024. 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 $88,500.00 to $149,300.00. 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.