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Product Owner

2 months ago

Riverwoods, United States Discover Financial Services Full time

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:

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.

The Product Professional is responsible for maximizing the value of the product resulting from work of the Team. Product Professionals are at the center of delivering new products and driving innovation on platforms that improve customer experience, meet customer needs, and create business value while prioritizing "what" the team is working on to deliver value to the customer. The Product Professional is a servant leader and not the manager of team members, has well-rounded job knowledge and helps to coach/mentor others on the team. Structure the work for the team and delegates the work. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

This role is a key Product Owner role in our Customer Profile Product Family, a critical group focused on maintaining essential system operations. This is a large product team with a multi-sprint backlog, focusing on compliance work and application maintenance.  The ideal candidate will be highly organized, detail – oriented and able to effectively prioritize incoming and current work.

Responsibilities

  • Builds product backlog, prioritizes its items to achieve Objectives and Key Results (OKRs) and continuously keeps it up to date. Maintains key product documentation (e.g., customer journey map, technical specs, process mapping, etc.).
  • Understand and Ensures product features and processes align with applicable Discover regulatory, compliance, and risk management standards. Ensures product adheres to the highest quality standards, including releasing security patches not linked to customers. Articulates requirements (regulatory, contractual) into use cases, agile stories, and acceptance criteria to ensure compliance. Creates and validates user story acceptance criteria. Inspect and evaluate product progress through each iteration.
  • Leads Agile practices (sprints, planning, execution, and retros) Holds meetings with the product team to continuously update product backlog.
  • Defines functional and non-functional product requirements; ensure completeness; integral and consistent; source of requirements for product team. Creates and validates user story acceptance criteria. Executes appropriate testing frameworks for product features (e.g., market testing, functional performance, etc.) Works with Data stewards in their respective LOBs to ensure required Data quality controls are identified and implemented. Inspect and evaluate product progress through each iteration.
  • Partners with business technology to create technical features that are required to continuously optimize system components and underline infrastructure maintenance.
  • Manages and communicates scope, deliverables, timelines of projects and/or plans through storyboarding and structing complex information visually.
  • Contributes to the product development and vision by connecting how customer solutions support business goals. Responsible for delivering Minimum Viable Product (MVP).
  • Collaborate with cross functional teams to support go-to-market strategies.
  • Builds a culture of accountability and ownership by empowering the product team to make decisions as close to the work as possible.
  • Partners with vendors and/or cross-functional partners in the evaluation, development, management, monitoring and/or enhancement of assigned products and/or programs.

Minimum Qualifications

At a minimum, here’s what we need from you:

  • Bachelors Degree in Information Technology, Engineering, Business Administration & Management, Finance, Mathematics, Economics, Statistics, or related.
  • 4+ years of experience in Product Management or Engineering experience in Financial Services or Tech Industry, or related
  • In lieu of a degree, 6+ years of experience in Product Management or Engineering experience in Financial Services or Tech Industry, or related

Preferred Qualifications

If we had our say, we'd also look for:

Backlog Management Skills:

  • Expertise in creating, refining, and prioritizing user stories, ensuring alignment with the product vision and stakeholder needs.
  • Ability to maintain a clear and actionable backlog that balances short-term deliverables with long-term product strategy.

Stakeholder Communication:

  • Excellent communication skills to engage with stakeholders, gather requirements, and translate them into well-defined product features.
  • Ability to manage stakeholder expectations and navigate competing priorities.

Technical Understanding:

  •   Familiarity with the technical aspects of the product, enabling effective collaboration with development teams and informed decision-making.
  •   Experience working with tools like Jira, or other backlog management software.

Strategic Vision:

  •   Strong strategic thinking and planning skills to ensure the backlog reflects both immediate needs and long-term goals.
  •   Ability to analyze market trends, user feedback, and other data to drive product decisions.

Problem-Solving Abilities:

  •  Demonstrated ability to identify potential risks or roadblocks in the development process and proactively find solutions.
  •  Experience in facilitating sprint planning, reviews, and retrospectives to continuously improve team performance.

Leadership and Team Collaboration:

  • Strong leadership skills to guide cross-functional teams and drive product initiatives from conception to release.
  • Experience in fostering a collaborative environment where team members feel empowered to contribute ideas and improvement

#LI-KE

Application Deadline:

The application window for this position is anticipated to close on Aug-27-2024. 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 $100,000.00 to $139,600.00. 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.