Principal Risk Program Management

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

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 ongoing development, maintenance, and implementation of the company's Enterprise Risk management framework for Risk Identification, Risk Appetite, and KRIs. Provides tactical leadership to coordinate and execute the process for the annual compilation and communication of risk appetite and associated KRIs with multiple areas within the organization, including Finance, Business Technology, Lines of Business, Legal, and Compliance as well as within Corporate Risk Management. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

Responsibilities

Facilitates communication and builds effective working relationships with key business stakeholders and risk owners. Coordinates the inclusion of economic capital and stress testing within the company’s risk appetite framework. Manages/Develops process documentation for the ERM Analytics and Reporting team to meet Audit/Regulatory requirements and facilitates requests from external constituents. Supports design, development, implementation, and maintenance of risk-related information systems for analysis, tracking, and reporting of enterprise-wide risk. Supports the development of, and effectively challenges, key internal and external key-risk indicators (aligned to Basel risk categories). Builds analytical tools/methodologies to support analysis of these risk metrics. Coordinates the annual process for the development, enhancements, and implementation of risk identification, risk appetite, and KRI frameworks, including integration with the planning and stress-testing processes. Assists senior management on ad hoc analysis and reporting. Coordinates the aggregation and dissemination of macroeconomic assumptions, including analysis and effective challenge of forecasts to support Discover’s budgeting and capital planning activities. Supports regulatory benchmarking studies, gap assessments, and competitive analysis to further enhance Discover Enterprise Risk Appetite program.

Minimum Qualifications

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

Bachelor's Degree in Finance, Accounting, Economics, Engineering, or related field 4+ years of experience in Risk Management, Financial Services, Process Improvement, Economist, or related field In lieu of a degree, 8+ years of experience in Risk Management, Financial Services, Process Improvement, Economist, or related field

Preferred Qualifications

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

Master's Degree in Finance, Accounting, Economics, Engineering, or related field 6+ years of experience in Risk Management, Financial Services, Process Improvement, Economist, or related field

Application Deadline

The application window for this position is anticipated to close on Apr-13-2024. 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 LeavePaid Time Off401(k) PlanMedical, Dental, Vision, & Health Savings AccountSTD, Life, LTD and AD&DRecognition ProgramEducation AssistanceCommuter BenefitsFamily Support ProgramsEmployee 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)

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.