1+ months

Vice President, Enterprise Privacy and Fair Lending - P117461_S1

Riverwoods, IL 60015
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  • Job Code
    P117461_S1
\u003Cp\u003E \u003Cstrong\u003E Company Overview: \u003C/strong\u003E \u003C/p\u003E\u003Cp\u003E Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America\u0027s cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation\u0027s leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 190 countries and territories. \u003C/p\u003E\u003Cp\u003E \u003C/p\u003E\u003Cp\u003E Discover\u0027s vision is to be the leading direct bank and payments partner and its mission is to help people spend smarter, manage debt better and save more so they achieve a brighter financial future. \u003C/p\u003E\u003Cp\u003E \u003C/p\u003E\u003Cp\u003E At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers, and which is consistently awarded for both. We\u0027re all about people and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career. \u003C/p\u003E\u003Cp\u003E \u003C/p\u003E\u003Cp\u003E \u003Cstrong\u003EPosition Description: \u003C/strong\u003E \u003C/p\u003E\u003Cp\u003E The Vice President, Enterprise Privacy and Fair Lending will oversee and set the strategic priorities for compliance teams that oversee privacy and fair lending compliance risk programs for Discover Card and Consumer Banking segments. This executive leader will oversee teams working with the business and key stakeholders such as Law, Information Security, Analytics, Information Technology and other Corporate Compliance teams to operationalize legal and regulatory requirements, review business unit procedures and training for subject areas, and provide advice and effective challenge related to regulatory and business process changes. \u003Cbr\u003E \u003Cbr\u003E This Vice President will anticipate areas of regulatory focus and have the ability to prioritize and effectively drive results. She or he will manage compliance related regulatory examinations and partner across the enterprise to ensure early self-identification of issues and provide advice in remediation and in building the control environment. Excellent people management skills are necessary to retain and engage a talented team required to mitigate risk across the areas of high regulatory focus. \u003Cbr\u003E \u003Cbr\u003E \u003Cstrong\u003E Responsibilities: \u003C/strong\u003E \u003C/p\u003E\u003Cul\u003E\u003Cli\u003E Provides strategic and tactical advice to management and across the enterprise relating to privacy and fair lending risks and controls and the compliance management system. \u003C/li\u003E\u003Cli\u003E Provides subject matter expertise to the compliance risk assessment team and oversight of risks identified by risk assessment team to ensure adequate controls are in place to mitigate existing risks in the business. Continues to enhance the process to monitor indicators of risk including the development of gap assessment documents for the most complex and highest risk regulations. \u003C/li\u003E\u003Cli\u003E Develops and implements the enterprise policy and procedure framework to mitigate fair lending and privacy risk. \u003C/li\u003E\u003Cli\u003E Oversees enterprise training plans to ensure employees understand their obligations with respect to fair lending and privacy laws. Advises business units and/or their compliance and risk teams on job-based training to mitigate privacy and fair lending risks associated with business processes. \u003C/li\u003E\u003Cli\u003E Oversees the fair lending program, including the review of models, strategies and campaign targeting for fair lending risks. Oversees fair lending statistical testing, including providing guidance on mathematical approaches and regression methodology. Provides advice on use of alternative data and the potential impact of alternative data from a fair lending perspective. \u003C/li\u003E\u003Cli\u003E Develops metrics and key risk indicators to proactively identify negative trends and/or potential violations of fair lending and privacy laws, including complaints and risk events. \u003C/li\u003E\u003Cli\u003E Reviews and advises on new or revised products and services, business strategies, initiatives, and projects to ensure privacy and fair lending risks are effectively mitigated and tested. \u003C/li\u003E\u003Cli\u003E Identifies compliance risks resulting from new or revised laws and regulations, ensures action plans are developed to manage the risks, including effective training, procedures, and other controls. \u003C/li\u003E\u003Cli\u003E Interacts with regulatory examiners on a regular basis and oversees exams including providing support to business units regarding relevant regulatory exams and internal audits. \u003C/li\u003E\u003Cli\u003E Develops and presents compliance committee reports and assists with board reporting. Chairs and/or serves as a member of other committees or working groups such as Fair Lending, Information Security, Incident Response Team, Data Governance, and Credit Committee. \u003C/li\u003E\u003Cli\u003E Partner with technology/analytic and other teams to drive development of complaint analysis solutions including artificial intelligence and machine learning for efficient identification of regulatory compliance concerns. \u003C/li\u003E\u003Cli\u003E Partner with Legal to ensure complaints with regulatory compliance concerns are tracked to resolution. \u003C/li\u003E\u003Cli\u003E Ensure appropriate interaction with Discover Consumer Complaint team to maintain a strong consumer complaint program that meets regulatory expectations for an effective complaints Compliance Management System. \u003C/li\u003E\u003C/ul\u003E \u003C/p\u003E\u003Cp\u003E \u003Cbr\u003E\u003Cp\u003E \u003Cstrong\u003E Requirements\u003Cbr\u003E \u003C/strong\u003E \u003C/p\u003E\u003Cul\u003E\u003Cli\u003E Bachelor\u0027s Degree in Business, Finance, Risk Management, JD or related \u003C/li\u003E\u003Cli\u003E Master\u0027s Degree Business, Finance, Risk Management, JD, or related (preferred) \u003C/li\u003E\u003Cli\u003E Degree in mathematics or statistics (preferred) \u003C/li\u003E\u003Cli\u003E 10\u002B years Bank Consumer compliance, risk management, legal, including people management, risk assessment, fair lending, or related \u003C/li\u003E\u003Cli\u003E 10\u002B years banking experience, preferably in a regulated consumer compliance position \u003C/li\u003E\u003Cli\u003E Fair Lending Officer experience, including experience with statistical testing (regression analysis) and the use of alternative data from a fair lending perspective (preferred) \u003C/li\u003E\u003Cli\u003E CRCM, Certified Information Privacy Professional, or similar subject matter certifications or qualifications (preferred) \u003C/li\u003E\u003C/ul\u003E \u003C/p\u003E\u003Cp\u003E #LI-ML2 \u003C/p\u003E \u003Cp\u003E The same way we treat our employees is how we treat all applicants - with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity \u0026 inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover. \u003C/p\u003E \u003Cbr\u003E\u003Cbr\u003E

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Industry

  • Banking / Finance
Posted: 2019-09-21 Expires: 2019-12-12

Welcome to Discover
We strive to be the leading direct bank and payments services company. Our mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.


Why Work with Us?
You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.


 

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Vice President, Enterprise Privacy and Fair Lending - P117461_S1

Discover
Riverwoods, IL 60015

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