Principal Product Risk Manager

Discover Financial
Houston, Richmond, Virginia
Workplace: OnsiteFull timeUSD 138,100 - 157,700 annuallyFunction: Legal, Risk & ComplianceExperience: 5+ yearsEducation: high_schoolSkills: ["Self-starter","Action-oriented","Collaboration","Data-driven execution","Process execution"]

Own operational product risk and regulatory monitoring for network participants and transaction flows within the Network Operations internal Risk and Compliance team. Build and enforce monitoring mechanisms for sponsored entities and high-brand-risk merchant categories, translate governance mandates into practical controls and workflows, and support participant complaint governance. Partner with data experts, internal audit, and legal/risk to deliver evolving network mandates while providing direction to a small specialized team.

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FursaFursa
Discover Financial
Discover Financial
1 week ago

Principal Product Risk Manager

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Last checked: 2 hours agoStatus: Live

Job Summary

Own operational product risk and regulatory monitoring for network participants and transaction flows within the Network Operations internal Risk and Compliance team. Build and enforce monitoring mechanisms for sponsored entities and high-brand-risk merchant categories, translate governance mandates into practical controls and workflows, and support participant complaint governance. Partner with data experts, internal audit, and legal/risk to deliver evolving network mandates while providing direction to a small specialized team.
Location: Houston, Richmond, Virginia
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Sr. Manager level

Key Responsibilities

  • •Oversee and enhance frameworks to monitor network participants, sponsored entities, and transaction flows for regulatory adherence and compliance.
  • •Build and refine mechanisms to detect, monitor, and mitigate transactions in prohibited or high-risk merchant categories.
  • •Translate high-level risk mandates into practical day-to-day operational controls, workflows, and processes.
  • •Support participant complaints and sponsored participant governance to ensure financial-institution backing and regulatory alignment.
  • •Provide direction to a small specialized team to execute processes and maintain data-driven risk monitoring without micromanagement.

Pay and Benefits

Salary: USD 138,100 - 157,700 annually

Key Requirements

  • •High School Diploma, GED, or equivalent certification.
  • •At least 5 years of experience in operational risk, financial processes, compliance, or project management.
  • •Experience designing policy, monitoring, or enforcement mechanisms for high-risk merchant categories.
  • •Experience translating governance requirements into operational controls, workflows, and processes.
  • •Experience working with payment networks and/or participant monitoring, sponsored participant structures, or card and merchant network risk.
Experience:5+ years
Education:High School
Skills:Self-starterAction-orientedCollaborationData-driven executionProcess execution

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn