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
Responsible for assessing 1st line business processes and controls used to monitor and test for adherence with Federal and State regulatory requirements. The role collaborates with management to identify compliance issues and corrective action plans, and communicates the scope and severity of concerns identified to the applicable level of management.
What You'll Do
- Assess first-line business processes and controls used to monitor and test for adherence with federal and state regulatory requirements.
- Collaborate with management to identify compliance issues and corrective action plans, and communicate the scope and severity of concerns identified to the applicable level of management.
How You'll Do It
- Manage activities of the Compliance Testing staff (direct/indirect), taking responsibility for the overall integrity and quality of the work product.
- Collaborate with various levels of management within the areas of responsibilities, including the risk functions within the First Line of Defense. Evaluate and test the adequacy of business processes and practices with respect to risks, controls, and regulatory requirement identifying gaps and issues.
- Monitor and validate the status of corrective actions taken by business partners to remediate concerns identified in compliance testing results.
- Create and maintain testing work papers and supporting documentation. Write reports regarding compliance testing results.
- 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.)
- Proficiently execute complex reviews timely (e.g. design a test plan, evaluate control effectiveness, create and maintain testing work papers and supporting documentation, draft written reports, monitor status and validate corrective action taken by the business to remediate concerns) with transferable skills to other Compliance Testing specialty areas
- Support Compliance Management in developing, implementing, and maintaining an enterprise-wide Compliance Program
- Communicate and escalates concerns, potential risks, issues, or deficiencies identified that may have enterprise-wide impact to drive a culture of compliance
- Leverage data analytics to develop testing approach; analyze output to target testing activities
- Maintain on-going communication with the Compliance Testing Manager and line of business prior to, during and after reviews
- Support internal audits and regulatory exams as needed
Qualifications You'll Need
The Basics
- Bachelor's degree in business, finance, or legal
- 4+ years of experience in compliance, Audit, compliance testing, and/or BSA/AML
Bonus Points If You Have
- 6+ years of experience in testing, quality assurance, and/or audit
- Certified Regulatory Compliance Manager
- Certified Anti-Money Laundering Specialist
- Certified Internal Auditor
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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.