Manager Business Risk

Discover; Chicago (IL); Remote; USD 91,000 - 154,000; Full time

Job summary

Join a forward-thinking company where you can make a meaningful impact from day one. In this role, you'll lead risk management initiatives, collaborate with business partners, and enhance compliance frameworks. With a focus on team development, you'll ensure efficient processes and effective governance. This position offers a competitive salary and a range of benefits, including paid parental leave and an employee stock purchase plan. If you're passionate about risk management and ready to contribute to a culture that values compliance, this opportunity is perfect for you.

Benefits

Paid Parental Leave

Paid Time Off

401(k) Plan

Medical, Dental, Vision

Short and Long Term Disability

Life Insurance

Education Assistance

Employee Stock Purchase Plan

Qualifications

• 6+ years in business risk management or related experience.
• Ability to develop and coach teams on risk management.

Responsibilities

• Conduct process reviews to ensure effective controls.
• Manage and develop a team for risk management initiatives.

Skills

Risk Management

Team Management

Compliance

Credit Card Industry Knowledge

Process Improvement

Education

Bachelor's in Business Administration

Marketing or related field

Tools

Lean Six Sigma

Risk Assessment Tools

Job description

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 executing various risk management activities and initiatives. Engages collaboratively with business partners to enhance their risk management framework by providing effective challenge and implementing corporate governance programs. Manages a team that integrates programs to increase the businesses competitive advantage while enabling informed decisions. Supports and enhances risk management activities while working collaboratively with management, internal business partners, and peers.
Develops and coaches teams to be able to identify, manage, and escalate risk, and effectively manages risk within the teams you oversee.
How You'll Do It

• Conducts process reviews across first-line departments to ensure efficient and effective controls are implemented to mitigate inherent risks. Assess business line processes by conducting Risk Assessments to evaluate risk (e.g., operational, legal/compliance, etc.) and control environments.
• Partners with business partners on completing required documents and facilitating discussions related to submissions for new initiatives. Ensure business partners comply with guidelines set forth by Corporate Risk in management of Policies, Standards, and Procedures. Provides guidance and support to business partners relative to Third Party Risk Management activities. Provides guidance and support to business partners relative to Records Management activities. Collaborates with business stakeholders and Risk to maintain business compliance with the End-User Computing Policy.
• Manages and develops a team including: delegating tasks, providing training and guidance, translating corporate goals into functional and individual goals, providing coaching, reviewing work and providing constructive feedback, and conducting timely performance evaluations. Assist in managing various components of the training life-cycle.
• Manages the Risk & Control Self-Assessments (RCSA) process and provide business partners with guidance to improve and maintain the associated risk and control library.
• Provide periodic reporting and presentations to management on risk management activities demonstrating project status updates, degree of integration with business partners, trend analysis and scorecard results, and progress on outstanding improvement initiatives.
• Conducts periodic reviews of risk management processes for opportunities to streamline and drive consistency across the organization.

Qualifications You'll Need
Minimum Requirements

• Bachelors Business Administration and Management, Marketing or related.
• 6+ years of experience in Credit card or financial industry, business risk management, corporate risk management, compliance or regulatory industry, internal audit, legal, or related experience.

In Lieu of Education Experience

• 10+ years of experience in Credit card or financial industry, business risk management, corporate risk management, compliance or regulatory industry, internal audit, legal, or related experience

Preferred Requirements

• Certified Regulatory Compliance Manager
• Other: Lean or Six Sigma
• Certification in Control Self Assessment
• Certified Internal Auditor
• Other: CAMS: Certified Anti-Money Laundering Specialist
• Other: CIPP: Certified Information Privacy Professional

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 Requirements - No

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.
#Remote
Application Deadline:
The application window for this position is anticipated to close on May-13-2025. 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 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)
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 [e-mail] . 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 ).
Positions marked as remote eligible are limited to remote locations within the country in which the position is based.
Applicants must be 18 or older at the time of hire.