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Senior Operational Compliance Specialist

2 months ago

Chicago, United States Discover Financial Services, Inc. Full time

Senior Operational Compliance Specialist

With us, youll 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:

Job Description:
Will develop subject-matter-expertise surrounding customer- and other payee-facing legal requirements for information reporting and withholding as they apply to Discover products. Seeking a compliance-minded individual that is comfortable reading regulations and who is able, or willing to learn how to convert legal tax requirements into operational requirements. Will also be responsible for supporting the Tax Department team with managing department requirements and controls in support of the Discover enterprise product operations programs and overall Tax Department needs.
Responsibilities
Recognizes and documents changes in statute, regulations or guidance for communication to business teams.
Reviews and recommends operational tax-related enhancements to business team procedures, policies and training materials.
Supports business initiatives to provide new or enhanced products/activities to Discover customers by communicating the tax implications and requirements of those products or activities.
Reviews language in customer/payee-facing communications to ensure language is tax-appropriate.
Uses research tools to explore issues posed by business teams and formulates responses as guidance to those requests.
Facilitates and performs activities required by the Compliance Management System (CMS) for Corporate Tax.
Minimum Qualifications
At a minimum, heres what we need from you:
Bachelors Degree
2+ years of experience in tax, finance, law, compliance, audit, risk management, or related field
In lieu of education, 6+ years of experience in tax, law, finance, compliance, audit, risk management, or related field
Preferred Qualifications
If we had our say, wed also look for:
4+ years of experience in Compliance, audit, law, paralegal, risk management, or related field
Certified Regulatory Compliance Manager
Application Deadline:
The application window for this position is anticipated to close on May-07-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

About This Role
Discover. A brighter future.
With us, youll 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:

Job Description:
Will develop subject-matter-expertise surrounding customer- and other payee-facing legal requirements for information reporting and withholding as they apply to Discover products. Seeking a compliance-minded individual that is comfortable reading regulations and who is able, or willing to learn how to convert legal tax requirements into operational requirements. Will also be responsible for supporting the Tax Department team with managing department requirements and controls in support of the Discover enterprise product operations programs and overall Tax Department needs.
Responsibilities
Recognizes and documents changes in statute, regulations or guidance for communication to business teams.

Reviews and recommends operational tax-related enhancements to business team procedures, policies and training materials.

Supports business initiatives to provide new or enhanced products/activities to Discover customers by communicating the tax implications and requirements of those products or activities.

Reviews language in customer/payee-facing communications to ensure language is tax-appropriate.

Uses research tools to explore issues posed by business teams and formulates responses as guidance to those requests.

Facilitates and performs activities required by the Compliance Management System (CMS) for Corporate Tax.

Minimum Qualifications
At a minimum, heres what we need from you:
Bachelors Degree

2+ years of experience in tax, finance, law, compliance, audit, risk management, or related field

In lieu of education, 6+ years of experience in tax, law, finance, compliance, audit, risk management, or related field

Preferred Qualifications
If we had our say, wed also look for:
4+ years of experience in Compliance, audit, law, paralegal, risk management, or related field

Certified Regulatory Compliance Manager

Application Deadline:
The application window for this position is anticipated to close on May-07-2024. 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 $65,000.00 to $109,800.00. 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.

Learning & Development
Never get tired of learning

Mentors, a Tech Academy, Shine Brighter U: there are all sorts of ways to develop as part of our team. We hope they inspire you to grow. After all, brighter futures are what were all about.
Hear about life in Corporate Functions from our team

What benefit have you found most useful and what have you done with it?
Discover has wonderful benefits. I love all the benefits at Discover from all
Ronak
Lead Program Manager
What do you love best about your job that is UNIQUELY Discover?
One thing I can tell you for sure is that Discover's leadership really cares
Margarita
Senior Project Manager - Third Party Information Security Risk Management
What aspect of Discover's culture keeps you at the company?
The aspect of Discover's culture that has kept me at the company now for
With our benefits, lifes easier which means youre free to grow

Join us and you can expect a whole lot of rewards. From Health and insurance to on-site fitness centers, theres everything you need to thrive in and out of work.
Feel at home in a business where everyone accepts everyone

When you feel at home in a team, theres nothing you cant achieve. With our Diversity, Equity & Inclusion (DE&I) program and 10 Employee Resource Groups, everyone belongs.
Learn more about what we do for our communities

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Director Operational Risk Oversight - Corporate Functions & CRM

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