Principal Regulatory Operations Job at Discover Financial Services
About This Role
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 regulatory coordination and non-regulatory examination inquires by developing, enhancing, and maintaining a sustainable infrastructure. Maintains programs related to tracking of examination findings, remediation, and effective challenge of corrective action. Develops and maintains reporting on various coordination and examination metrics across all regulatory agencies. In addition, enhances and maintains a central repository of all non-examination artifacts and maintains a central calendar of various meetings and events. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
Responsibilities
Maintains an enterprise-wide centralized repository of non-examination inquiries, requests and responses, and any ad-hoc matters requiring attention. Maintains and tracks activities related to Discover’s regulatory engagement strategy. Participate in strategic relationship meetings with senior management/Executive Committee and the regulators including agenda topics. Maintains policies and procedures. Provides tracking and reporting of all regulatory findings resulting from supervisory examination.
Facilitates a process of effective challenge of corrective actions. Coordinates activities of the Challenge Committee, including coordination with business partners and Committee members ensuring best practices. Manage pre-Committee activities for unsatisfactory exam findings and related Response Letter process and Interim Challenge meetings/interactions.
Exercises prudent discretion and decision-making capabilities to drive and achieve compliance with laws, regulations, ordinances, policies, 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 provide strategic guidance on new or proposed requirements, emerging risks and trends to colleagues and business clients.
Provides assistance with managing and coordinating regulatory examinations during peak exam activity levels.
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 relevant field
What are you waiting for? Apply today!
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)
Please Note :
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