Principal Associate - Risk and Compliance

Discover Financial
United Kingdom
Workplace: HybridFull timeFunction: Legal, Risk & ComplianceSkills: ["Communication","Stakeholder management","Risk management","Problem-solving","Process improvement"]

Own risk and control activities within the International Settlement organization, including settlement balancing and reconciliations, compliance risk assessments, and control testing. Maintain a library of risks and controls, lead customer complaint remediation, and create monthly risk reporting. Serve as liaison to enterprise Legal, Compliance, and Business Risk functions while evaluating operations to drive enhancements and improve the effectiveness and efficiency of controls.

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Discover Financial
Discover Financial
1 day ago

Principal Associate - Risk and Compliance

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Last checked: 4 hours agoStatus: Live

Job Summary

Own risk and control activities within the International Settlement organization, including settlement balancing and reconciliations, compliance risk assessments, and control testing. Maintain a library of risks and controls, lead customer complaint remediation, and create monthly risk reporting. Serve as liaison to enterprise Legal, Compliance, and Business Risk functions while evaluating operations to drive enhancements and improve the effectiveness and efficiency of controls.
Location: United Kingdom
Workplace: Hybrid
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Mid level

Key Responsibilities

  • •Manage settlement balancing, reconciliations, and system configuration for partners within the International Settlement organization.
  • •Liaise with enterprise Legal, Compliance, and Business Risk functions and help implement risk approaches across all risk management disciplines.
  • •Support business compliance and operational risk/control activities including risk assessment, controls, procedure documentation, process design, control workflow/systems, reporting, testing, remediation, and third-party management.
  • •Perform control design reviews and compliance risk assessments; execute control testing plans and identify control environment weaknesses with solutions to improve effectiveness and efficiency.
  • •Create and distribute monthly risk reporting and complaints data, and lead customer complaint remediation projects.

Pay and Benefits

Perks:PensionAnnual LeaveHealth InsuranceParental Leave

Key Requirements

  • •Cross-functional knowledge of the Payment Network industry with focus on Financial Services, Compliance, Internal Audit, Risk or Operations.
  • •Expertise in Google Suite, particularly AI tools (Gemini and GEMS).
  • •Effective written and verbal communication skills across all levels, including managing expectations and communicating issues, risks, and opportunities.
  • •Hold a certification such as Control Self Assessment, Certified Internal Auditor, Certified Public Accountant (CPA), or Certified Regulatory Compliance Manager.
  • •Ability to support business compliance and operational risk/control activities including risk assessments, control ownership, procedure documentation, and process design.
Experience:Financial servicesComplianceInternal auditRisk managementOperations
Skills:CommunicationStakeholder managementRisk managementProblem-solvingProcess improvement
Certifications:Control Self AssessmentCertified Internal AuditorCertified Public Accountant (CPA)Certified Regulatory Compliance Manager
Tech Stack:Google SuiteAIGeminiGEMS

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