Principal Operational Risk & Internal Control

Are you a strategic thinker with a keen eye for identifying and mitigating potential risks? Do you have a strong background in internal control and a passion for driving operational excellence? If so, Discover Financial Services is seeking a highly experienced and dynamic individual to join our team as the Principal Operational Risk & Internal Control. In this role, you will play a critical role in ensuring the safety and soundness of our organization while also driving continuous improvement and efficiency. We are looking for a leader who is not afraid to roll up their sleeves and collaborate with cross-functional teams to achieve our goals. If you have a proven track record of success in operational risk management and internal control, along with excellent communication and leadership skills, we want to hear from you!

1. Develop and implement strategic plans and initiatives to identify, assess, and mitigate potential risks within the organization.
2. Conduct thorough risk assessments and evaluations to identify areas of improvement and develop action plans to address any identified weaknesses.
3. Oversee and manage internal control processes and procedures to ensure compliance with regulatory requirements and company policies.
4. Collaborate with cross-functional teams to drive operational excellence initiatives and improve operational efficiency.
5. Provide leadership and guidance to team members, ensuring they have the necessary resources and support to effectively execute their responsibilities.
6. Stay up-to-date on industry trends and best practices in operational risk management and internal control to continuously improve processes and procedures.
7. Develop and maintain strong relationships with key stakeholders across the organization to facilitate effective communication and collaboration.
8. Champion a culture of risk awareness and mitigation throughout the organization by providing training and guidance to employees at all levels.
9. Prepare and present reports to senior management and executive leadership on operational risk and internal control matters, including identified risks, action plans, and progress updates.
10. Proactively identify potential areas of risk and provide recommendations for risk mitigation strategies to senior management.
11. Monitor and report on the effectiveness of operational risk and internal control processes, making recommendations for improvements as needed.
12. Lead and participate in internal and external audits related to operational risk and internal control, ensuring timely and accurate responses to audit findings.
13. Maintain a thorough understanding of regulatory requirements and industry standards related to operational risk and internal control, ensuring compliance at all times.
14. Foster a culture of continuous improvement by identifying and implementing opportunities for streamlining processes and increasing efficiency.
15. Act as a subject matter expert and resource for all operational risk and internal control matters within the organization.

According to JobzMall, the average salary range for a Principal Operational Risk & Internal Control is between $110,000 to $150,000 per year. However, this can vary depending on the specific job responsibilities, location, and experience level of the individual. Some Principal Operational Risk & Internal Control positions may offer salaries above this range, while others may offer salaries below. It is important to research the specific job market and company to understand the salary range for this role.

Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.