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Senior Manager of Third Party Risk Oversight

2 months ago


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

Senior Manager of Third Party Risk Oversight

At Discover Financial Services, we are committed to making a significant impact from the very first day. Our team-oriented culture is founded on three essential principles: We Play to Win, We Get Better Every Day, and We Succeed Together. We genuinely want you to thrive and contribute to our mission as a leading digital banking and payments organization. Your individuality is valued, providing you with the opportunity to excel.

As you build your career with us, you will play a crucial role in helping millions achieve a brighter financial future.

Position Overview:

This role is accountable for overseeing and governing the daily third-party risk management activities within the organization. You will assist in executing the strategic vision of the third-party risk management program by ensuring compliance with enterprise-wide policies and procedures for assessing, onboarding, managing, monitoring, and concluding third-party transactions. Proactively manage and escalate risk and customer-impacting issues that arise in daily operations to senior management.

Key Responsibilities:

  • Implement risk oversight reporting and examination management in alignment with the Third-Party Risk Management Program, Policy, and framework. This includes monitoring adherence to program requirements, supporting the upkeep and enhancement of enterprise policies and procedures, and overseeing critical and strategic services provided to Discover.
  • Maintain the Third-Party Risk Management framework along with related documentation and standards, track and report on key risk indicators associated with third parties, including the status of subject matter expert (SME) risk assessments, issues, and action plans for third-party engagements. Collaborate with various SME teams and engagement owners across business lines, and provide training on standards and frameworks.
  • Lead efforts in managing regulatory examinations and responses to internal audits.
  • Compile and reconcile third-party reporting data for committee and board presentations.

Minimum Qualifications:

To be considered for this position, candidates should possess:

  • A Bachelor’s Degree in Finance.
  • A minimum of 6 years of experience in Risk Management, Financial Services, Process Improvement, or a related field.
  • Alternatively, 8 years of experience in Risk Management, Financial Services, Process Improvement, or a related field may substitute for a degree.

Preferred Qualifications:

We would also appreciate candidates who have:

  • A Master’s Degree in Finance.
  • At least 8 years of experience in Risk Management, Financial Services, Process Improvement, or a related field.

Compensation:

The base salary for this position typically ranges from $88,500 to $149,000. Additional incentives may be included as part of a competitive total compensation package. Factors such as geographical location, relevant experience, education, and skill level may influence the pay for this role.

Benefits:

We offer a comprehensive range of benefits and programs based on eligibility, including:

  • Paid Parental Leave
  • Paid Time Off
  • 401(k) Plan
  • Medical, Dental, Vision, & Health Savings Account
  • Short-Term Disability, Life, Long-Term Disability, and Accidental Death & Dismemberment Insurance
  • Recognition Programs
  • Education Assistance
  • Commuter Benefits
  • Family Support Programs
  • Employee Stock Purchase Plan

At Discover, we prioritize our customers in everything we do. Each employee contributes to a culture that emphasizes compliance and risk management.

Discover is dedicated to fostering a diverse and inclusive workplace. We are an equal opportunity employer and do not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or any other legally protected status.