Operational Risk Oversight Senior Manager

4 days ago


Deerfield, Illinois, United States Discover Full time
Unlock Your Potential

At Discover, we're committed to creating a brighter financial future for millions of people. As a Senior Manager of Operational Risk Oversight, you'll play a critical role in helping us achieve this goal.

This role is responsible for overseeing operational risk management activities specific to Corporate Risk Management. You'll advise, assess, and effectively challenge all operational risks and mitigate for multiple areas within the organization, including Finance, Business Technology, Lines of Business, Legal and Compliance as well as within Corporate Risk Management.

Your key responsibilities will include:

Key Responsibilities
  • Facilitate communication and build effective working relationships with key business stakeholders and risk owners. Manage a team that develops and is accountable for the operational risk oversight program. Provide support, coaching, development opportunities, feedback, and counsel to all team members.
  • Manage the development of team members by defining and assigning goals, conducting periodic coaching and feedback reviews, and administering annual performance evaluations. Defines and executes the risk-based approach to independent risk assessments and oversight for the business.
  • Defines the monitoring and testing strategy to ensure effective oversight of the business and leverages the results from NFRM Testing COE to drive an effective risk and control environment for the business. Execute operational risk advisory and effective challenge for programs across the Non-Financial Risk Programs
  • Develops and maintain the Operational Risk Oversight policies, standards, procedures, and process flows. Participate in and engage with business leaders in governance and management committee forums to help drive a culture of effective risk management.
  • Creates and updates status reports of program initiatives, activities, and non-financial risks to management and committees and escalate concerns and successes
  • Manages internal audits and tests as well as external exams for the Operational Risk Oversight team. Assists senior management on ad hoc analysis and reporting. Participates in and engage with business leaders in governance to help drive a culture of effective risk management.
  • Updates status reports of program initiatives, activities, and non-financial risks to management and committees and escalate concerns and successes.
  • Manages and develops a high performing team.

Requirements

At a minimum, you'll need:
  • Bachelor's degree in Business Administration and Management or related.
  • 8+ years of experience in Law, Risk Management, or Operations.
  • 5+ years of experience in first- or second-line risk, control, or compliance role in a highly regulated financial institution subject to heightened standards.
  • In lieu of a degree, 12+ years of experience in Risk Management in a highly regulated financial/depository environment with specific focus on operational risk management, internal audit, or related.

Preferred Qualifications

We're looking for someone with:
  • 10+ years of experience in Risk management experience in a financial environment with specific focus on operational risk management or internal audit or related.
  • 2+ years of experience in people management.

What We Offer

We offer a range of benefits and programs based on eligibility, including paid parental leave, paid time off, 401(k) plan, medical, dental, vision, and health savings account, STD, life, LTD, and AD&D, recognition program, education assistance, commuter benefits, family support programs, and employee stock purchase plan. Learn more at

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.

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