Principal Associate, Risk Management - Hybrid

Discover Financial
Richmond
Workplace: HybridFull timeUSD 109,900 - 125,400 annuallyFunction: Legal, Risk & ComplianceEducation: associatesSkills: ["Communication","Influencing","Analytical mindset","Project management","Problem-solving"]

Own enterprise-wide payments risk management governance and oversight for RTP, ACH, and wire. Design, implement, and manage scalable monitoring and reporting frameworks that move teams from reactive to proactive risk identification. Partner with 1st and 2nd Line of Defense teams to operationalize risk mitigation, improve compliance processes, and maintain an ERM business process inventory. Use GenAI, agents, and automation to enhance monitoring efficiency and trend analysis.

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FursaFursa
Discover Financial
Discover Financial
1 month ago

Principal Associate, Risk Management - Hybrid

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Last checked: 2 hours agoStatus: Live

Job Summary

Own enterprise-wide payments risk management governance and oversight for RTP, ACH, and wire. Design, implement, and manage scalable monitoring and reporting frameworks that move teams from reactive to proactive risk identification. Partner with 1st and 2nd Line of Defense teams to operationalize risk mitigation, improve compliance processes, and maintain an ERM business process inventory. Use GenAI, agents, and automation to enhance monitoring efficiency and trend analysis.
Location: Richmond
Workplace: Hybrid
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Mid level

Key Responsibilities

  • •Provide day-to-day governance and oversight of payments risk procedures, shifting from reactive to proactive risk identification and trends.
  • •Design, implement, and manage structural frameworks for robust, scalable, compliant payment risk procedures across the enterprise.
  • •Define and oversee risk management frameworks for RTP, ACH, and wire.
  • •Partner with 2nd Line of Defense to operationalize risk mitigation within 1st Line workflows.
  • •Lead strategic documentation and process uplift initiatives, including maintaining an ERM process inventory and enforcing compliance requirements.

Pay and Benefits

Salary: USD 109,900 - 125,400 annually

Key Requirements

  • •Associate’s degree or military experience.
  • •At least 3 years of experience in risk management, audit, or governance.
  • •At least 2 years of compliance testing or monitoring.
  • •At least 5 years of banking or financial services experience.
  • •At least 5 years of experience partnering with internal and external stakeholders.
Experience:Financial servicesPaymentsRisk managementComplianceEnterprise risk management
Education:Associate's
Skills:CommunicationInfluencingAnalytical mindsetProject managementProblem-solving
Certifications:Accredited ACH Professional (AAP)Accredited Payments Risk Professional (APRP)
Tech Stack:Gen AIGenerative AIAutomationAgents

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