Senior Associate, Compliance

Job DescriptionDiscover Financial Services (DFS), a bank holding company, operates through two principal business segments – Direct Banking and Payment Services. The Direct Banking segment provides a range of financial products and services that extends beyond credit cards to include online checking, savings, certificate of deposits, and money market accounts, as well as home loans, private student loans, personal loans and home equity loans. The Payment Services segment consists of the Discover Network, PULSE ATM/Debit Network and Diners Club International, a global payment network. The DFS Corporate Compliance department seeks a Senior Compliance Analyst for its Compliance Testing team to execute upon the Compliance Testing Program to assess adherence with federal and state regulatory requirements, identify weaknesses and concerns resulting in heightened business risk, and work with key stakeholders to verify and communicate results. The area of primary focus will be credit card marketing and credit risk management.Specific responsibilities include:• Support Compliance Management in developing, implementing, and maintaining an enterprise-wide Compliance Program• Promote compliance awareness within the business and support a culture of compliance• Execute upon the monitoring and testing program to assess compliance with federal and state requirements• Create and maintain testing workpapers and supporting documentation• Assist in evaluating the adequacy of business policies, procedures, training and reference materials, system and manual processes with respect to regulatory requirements• Analyze testing results to identify trends/anomalies, provide feedback, and suggestions on potential process enhancements to improve business unit compliance.• Ensure that compliance issues are brought to the attention of Compliance Management• Monitor business action plans to remediate compliance deficiencies• Communicate and collaborate with business partners (1st Line of Defense)• Maintain a high level of awareness and knowledge of regulatory compliance requirements and assist in identifying significant compliance risksExperience/Skills• Bachelor’s degree preferred• 3-5 years of banking/card operations business experience• Knowledge of consumer regulations• Knowledge of Discover business processes, procedures, and systems and/or credit card marketing and credit risk management, a plus• Self-motivated and ability to work independently• Ability to communicate effectively (both orally and in writing)• Excellent analytical skills and the ability to discern the practical application of regulatory and legal requirements• Strong attention to detail• Solid project management skills• Proficiency with MS Word, PowerPoint, Excel, Access, and Lotus Notes

Qualifications

Specific responsibilities include:
• Support Compliance Management in developing, implementing, and maintaining an enterprise-wide Compliance Program
• Promote compliance awareness within the business and support a culture of compliance
• Execute upon the monitoring and testing program to assess compliance with federal and state requirements
• Create and maintain testing workpapers and supporting documentation
• Assist in evaluating the adequacy of business policies, procedures, training and reference materials, system and manual processes with respect to regulatory requirements
• Analyze testing results to identify trends/anomalies, provide feedback, and suggestions on potential process enhancements to improve business unit compliance.
• Ensure that compliance issues are brought to the attention of Compliance Management
• Monitor business action plans to remediate compliance deficiencies
• Communicate and collaborate with business partners (1st Line of Defense)
• Maintain a high level of awareness and knowledge of regulatory compliance requirements and assist in identifying significant compliance risks
We are an Equal Opportunity Employer and do not discriminate against applicants due to race, ethnicity, gender, veteran status, or on the basis of disability or any other federal, state or local protected class.