Principal Risk Programs - Model Risk Governance

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 performing second line of defense activities for the development, implementation, and execution of a consistent risk management framework across all of DFS. Creates and maintains team owned procedures, standards and/or policies. Develops and provides training as necessitated. Monitors adherence to procedures, standards and/or policies. Provides reporting to leadership on risk frameworks across the enterprise

• This role will also be expected to engage with, influence, and lead business partners at all levels in the organization, escalate when necessary, participate in governance and management committee reporting, and may engage with regulators along with management. Also, by partnering closely with risk officers and other risk program owners across DFS, the position identifies industry leading risk practices and enables implementation of such practices across the company.

• Also, this role may participate on cross-team Non-Financial Risk department special projects and ad hoc analysis/reporting to senior management. In executing these functions, the Principal is expected to collaborate closely with other colleagues across Non-Financial Risk Management, Operational Risk Oversight, Corporate Risk Management, and other lines of business and corporate functions.

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

How You'll Do It

• Responsible for setting up the policy, procedures and standards for all aspect of managing model risk including ML, AI, GenAI risk. 

• Strong analytical skills in developing,  maintaining and monitoring reports for model Key Risk Indicators, assesses aggregate model risk and periodically reports risk to senior management and various committees.

• Works under minimal supervision. Maintains status updates, and facilitate resolution/escalations of issues in a timely fashion. 

• Collaborate with cross-functional teams including Non-Financial Risk AI, Operational Risk, Data Scientist, Technology, Legal and Compliance, to ensure the compliance to enterprise's Model Risk and AI/GenAI Risk framework.

• Creates and maintains team owned procedures, standards and/or policies. Socialize proposed changes to enterprise policies and standards and solicit feedback. As well as develop and provide training on standards.

• Provides committee reporting to leadership on execution of risk program frameworks.

• Monitors adherence to standards.

• Provide ad hoc analysis/reporting to senior management on risk programs.

• Identify process improvement ideas and develop implementation plan for prioritized improvements to achieve strategic goals for risk programs/.

Qualifications You'll Need
The Basics:

• Bachelors degree in Information Technology, Finance, Business Administration and Management, Engineering, or Analytics.

• 4+ years in Risk Management, Financial Services, Compliance, Internal Audit, Data Analytics, Information Technology, Process Improvement or related.

• In Lieu of Education, 8+ years of experience in Risk Management, Financial Services, Compliance, Internal Audit, Data Analytics, Information Technology, Process Improvement 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.

• Occasionally move about the work environment to complete the major responsibilities of the job.

• Ability to transport physical objects up to 10 pounds (5 kg).

• 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 Information Technology, Finance, Business Administration and Management, Engineering, or Analytics.

• Preferred educational background in quantitative or analytical field.

• 6+ years Risk Management, Financial Services, Compliance, Internal Audit, Data Analytics, Information Technology, Process Improvement or related, including prior people management experience.

• 2+ years of experience in data analysis and reporting with a strong focus on Tableau and SQL, strong SQL skills for data extraction, transformation and analysis

• Proficiency in Tableau Desktop; Tableau Server experience.

• Project Management Processional certification.

• CRISC, CISA, CISM, CISSP, or similar 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 Feb-17-2025. 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

• Short and Long Term Disability, Life, and Accidental Death & Dismemberment insurances

• 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.

At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant’s qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angeles County Fair Chance Hiring Ordinance (LA County Fair Chance).

Applicants must be 18 or older at the time of hire.