Principal BSA & AML Specialist

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:

What You’ll Do

• ​Responsible for managing anti-money laundering risks. Ensures all related anti-money laundering policies, standards, and practices are effectively implemented and followed by the business. Assists with the preparation and follow-up for regulatory reviews, internal audits, and other third party on-site examinations. Coordinates corrective actions in response to regulatory and/or internal findings. Partners with compliance to complete annual risk assessments. Collects management information and statistics for business unit anti-money laundering reporting. Provides guidance to the business regarding the identification, evaluation, mitigation and control of operational risks and business controls.

• Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

How You’ll Do It

• Review international regulatory requirements, conduct gap assessments, develop action plans and implement process changes for the Financial Crimes Compliance Payment Services Strategy team.

• Assists with the preparation for regulatory exams, internal audits, and compliance reviews.

• Conducts end to end reviews for critical processes, identify gaps as they relate to operational and regulatory risk, and defines options for remediation.

• Provides advisory services to the business for projects and initiatives.

• Identifies and drives risk-control improvement efforts. Monitors issue resolutions to identify gaps and drive the appropriate solutions.

• Ensures the business is aware of issues and activities related to risk identification and control.

Qualifications You’ll Need
The Basics

• Bachelors degree in Business Administration and Management or related field.

• 5+ years experience in a multiple business function, compliance department or other internal control function at a financial services company or related

• In Lieu of Education 10+ years experience in a multiple business function, compliance/ AML department or other internal control function at a financial services company or related

Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily remain in a stationary position.

• No required movement about the work environment to complete the major responsibilities of the job. 

• Primarily performed indoors in an office setting.

• Ability to operate office equipment such as, but not limited to, computer, telephone, printer, and calculator.

• Ability to communicate verbally.; Ability to communicate in written form.

• Travel up to 10% of the time.

Bonus Points If You Have

• Masters degree in Business Administration and Management or related field.

• Fore technical roles with Dreyfus requirements: External applicants will be required to perform a technical interview.

• 8+ years experience in a multiple business function, compliance department or other internal control function at a financial services company or related

• CAMS or CAFP certification.

Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

Application Deadline:

The application window for this position is anticipated to close on Dec-25-2024. 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 $91,000.00 to $153,400.00. 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)

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.