Principal Payments Restitution Project Manager - Program Execution

Discover; Riverwoods (IL); On-site; USD 91,000 - 154,000; Full time

Job summary

Join Discover as a Principal Payments Restitution Project Manager, where you'll drive project execution in a collaborative environment. You'll manage key remediation activities while developing reports and coordinating with business partners. This position targets experienced candidates in the financial services sector, fostering professional growth from day one.

Benefits

Paid Parental Leave

Paid Time Off

401(k) Plan

Medical, Dental, Vision, & Health Savings Account

Education Assistance

Employee Stock Purchase Plan

Qualifications

• Minimum 6 years in restitution/remediation or related fields.
• Experience in the payments market landscape is crucial.
• 2+ years in financial services preferred.

Responsibilities

• Owns execution of the CRP workplan and manages risks.
• Coordinates with cross-functional teams for program execution.
• Writes reports for various stakeholders.

Skills

Project Management

Risk Management

Business Analysis

Communication

Education

Bachelor's in Business Administration or Finance

Master's in Business Administration (Preferred)

Job description

Principal Payments Restitution Project Manager - Program Execution

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Principal Payments Restitution Project Manager - Program Execution

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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.

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

Collaborates with business leaders and subject matter experts (such as Remediation & Restitution business partners, Risk and Compliance, Analytics, and 3rd party vendors) to drive execution of the Discover-defined Counterparty Remediation Plan (CRP) and deliverables. Owns, in coordination with business partners and subject matter experts, the execution of the CRP workplan, including completion of all milestones and development & memorialization of related artifacts. Takes full ownership of resolution or blockers and successful completion of the CRP. Manages processes related to CRP, including governance, exceptions, and issues. Has experience with the payments market landscape, conducting analysis, communicating, managing, and facilitating restitution claims, and leading execution of business growth, business development, and/or business optimization activities.

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

How You'll Do It

• Coordinates and supports problem-solving with cross-functional teams and external third-party administrator to manage the development & execution for CRP.
• Works on problems and projects of diverse scope related to advancing & executing CRP program.
• Writes presentation materials and reporting (and/or analytics) to various stakeholders including executive management, the Office of Remediation, and other internal and external stakeholders to manage and monitor the counterparty remediation plan.
• Leads coordination and/or creation of artifacts and responses for various internal and external stakeholders, including auditors and regulators as well as tracking process execution.
• Conducts and /or interpret analysis on components of CRP strategy.
  
  

Qualifications You'll Need

Minimum Requirements

• Bachelors Business Administration and Management, Finance, or related.
• 6+ years Restitution/remediation, M&A, investment banking, business development or optimization, business analysis, consulting, risk management, finance, pricing, or related
• 2+ years Payments, financial services, or related
  
  

In Lieu Of Education Experience

• 8+ years Restitution/remediation, M&A, investment banking, business development or optimization, business analysis, consulting, risk management, finance, pricing, or related
• 2+ years Payments, financial services, or related
  
  

Preferred Requirements

• Masters Business Administration and Management
  
  

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.

Application Deadline

The application window for this position is anticipated to close on Jun-21-2025. 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, a division of Capital One, N.A., 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Project Management and Information Technology

• Industries

  Financial Services, Banking, and Hospitality

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