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Principal Risk and Control Self-Assessment Specialist

2 months ago

Chicago, Illinois, United States Discover 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 is seeking an energetic, detailed oriented, and analytical Risk and Control Self-Assessment (RCSA) Senior Analyst to join our Operational Risk Management (ORM) team. This role will report to the ORM Senior Manager and partner with key business stakeholders and other risk program owners. This exciting opportunity will assist in the execution of the RCSA program across Discover Financial Services (DFS) and be responsible for working with the 1st Line of Defense to identify risks and controls and provide effective challenge of RCSA results during annual risk assessments and process reviews. In addition, the candidate will be responsible for developing and managing the company-wide operational risk taxonomies among other RCSA framework elements. The ideal candidate will thrive in a fast paced, evolving environment, and have functional knowledge of applicable best practices and regulatory expectations for Operational Risk. Familiarity with the financial services regulatory environment, risk and control identification / assessment, firmwide implementation of operational risk processes, and ERM systems of record (e.g., Archer) is essential. Knowledge of consumer lending processes is plus.
Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management

Discover is seeking an energetic, detailed oriented, and analytical Risk and Control Self-Assessment (RCSA) Specialist to join our Operational Risk Management (ORM) team. This role will report to the ORM Senior Manager and partner with key business stakeholders and other risk program owners.

What You'll Do
This exciting opportunity will assist in the implementation of the RCSA program across Discover Financial Services (DFS) and be responsible for providing effective challenge of RCSA results during annual risk assessments and process reviews. In addition, the candidate will be responsible for developing and managing the company-wide operational risk taxonomies among other RCSA framework elements. The ideal candidate will thrive in a fast paced, evolving environment, and have functional knowledge of applicable best practices and regulatory expectations for Operational Risk. Familiarity with the financial services regulatory environment, risk and control identification / assessment, firmwide implementation of operational risk processes, and ERM systems of record (e.g., Archer) is essential.

How You'll Do It

  • Implement and oversee the RCSA program, including the annual attestation, quality oversight, process management, and reporting.
  • Manage company policy, standards, and procedures to ensure the RCSA program is executed in accordance with the ORM framework.
  • Develop and maintain ORM taxonomies, tools, and methodologies to support accurate assessment of risks and control environment.
  • Assist in the development of training, communication, and awareness programs to drive effective RCSA program adoption and promote a strong culture of risk management.
  • Apply a structured methodology and lead change management activities associated with RCSA (i.e. RAU changes, schedule changes, program methodology changes, etc.) which includes, maintaining relevant documentation, track and monitor status of change management activities and delivery and management of key communications.
  • Implement and oversee the RCSA program, including the annual attestation, effective challenge, process management, and reporting. Leverage company policy, standards, and procedures to ensure the RCSA program is executed in accordance with the ORM framework.
  • Develop and maintain ORM taxonomies, tools, and methodologies to support accurate assessment of risks and control environment.
  • Serve as a SME for the 1st Line of Defense, supporting proper identification of operational risks and establishing adequate control environment.
  • Assist in the development of training, communication, and awareness programs to drive effective RCSA program adoption and promote a strong culture of risk management.


Qualifications You'll Need
The Basics

  • Bachelor's degree in Business, Computer Science, Project Management, Engineering or related field
  • 5+ years of experience Developing/management RCSA for Financial Institutions
  • 5+ years of knowledge in banking products, processes and regulations
  • 5+ years of experience with GRC tools (ex. Archer, etc.)
  • 5+ years of Proficient in Microsoft Office (Word, Excel, PowerPoint, Visio)


Bonus Points If You Have

  • 5+ years of experience mapping complex processes and identifying control points.
  • 5+ years of experience with implementation or improvements of risk assessment processes and methodologies.
  • Strong presentation and facilitation skills
  • Ambassador of change
  • Project management experience
  • 5+ years of experience in Consumer Lending products and processes

#LI-RR
Application Deadline:
The application window for this position is anticipated to close on Jun 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 $88,500.00 to $149, 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 .
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 . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.