VP, Reporting, Communication, & Governance - Office of Remediatio...
Discover Financial Services, Inc. - Chicago, Illinois, United States, 60629![Discover Financial Services, Inc.](/api/image?src=https%3A%2F%2Fgeneral-board-default.s3.us-east-2.amazonaws.com%2Fpublic%2Fimages%2Fdesk-360x180.webp&w=640&q=75&f=webp)
Work at Discover Financial Services, Inc.
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Overview
With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies.We value what makes you unique so that you have an opportunity to shine.Come build your future, while being the reason millions of people find a brighter financial future with Discover.The VP of Reporting, Communication, and Governance will be part of the Office of Remediation and report directly to Discover’s SVP, Office of Remediation.The Reporting, Communication, & Governance team is responsible for reporting and interactions with the Board, senior management, and regulators (where appropriate) on in-scope remediation programs.Responsibilities:Lead cadence, agenda, and reporting to the Board and senior management (EMC, GCC) on the following topics. Focus on insight and synthesis of the following factors:Project/program statusIssue remediation statusOutcomes and sustainabilityIndependent assessments, thematic analysis across reporting, and surfacing of issuesRegulatory Progress reportingPerformance management metricsIncludes setting and maintaining a proactive cadence and medium of communication with committees (including the GCC) and agenda setting on key points for discussion, topics that are not needed, topics for discussion, or areas where offline informing is acceptable.Manage escalation of topics to governance forums and driving decision-making on prioritization (including convening and governance on topics of Challenge, Change Control, and Business Closure)Provide input into assessment of key stakeholders’ performance in executing against Office of Remediation related commitmentsConduct evaluation of in-scope matters, regulatory findings and supervisory expectations, themes across actions messaging and narrative response. Support and challenge responses to regulators to ensure letter and spirit of feedback is addressedReview and analysis of Regulatory Progress Reporting for consistency, accuracy, and transparency of messaging across regulatory reportingEngage with regulators on status and progressPrepare for and debrief from regulatory meetings and other communications related to in-scope matters with senior leadership and the BoardMinimum Qualifications:Bachelor's in Business Administration and Management, Economics, Finance, or Communications15+ years of experience in regulatory policy, supervision or relations or in a role requiring deep regulatory understandingTrack record of managing senior client or regulatory relationships at peer institution Experience in establishing (and evolving) governance oversight.Experience in running governance structures.Broad understanding of relevant banking regulation and supervisory expectations for large financial institutionsStrong analytical thinking and ability to synthesize themes and implications from multiple data points and sourcesSuperior oral and written communication skills, and in particular ability to assess and contribute to the content of large regulatory submissionsPreferred Qualifications:Masters in Business Administration and ManagementWhat are you waiting for? Apply today!All Discover employees place our customers at the very center of our work.To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights)Application Deadline:The application window for this position is anticipated to close on Feb-14-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed. About This RoleDiscover. A brighter future.With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies.We value what makes you unique so that you have an opportunity to shine.Come build your future, while being the reason millions of people find a brighter financial future with Discover.Job Description:
The VP of Reporting, Communication, and Governance will be part of the Office of Remediation and report directly to Discover’s SVP, Office of Remediation.The Reporting, Communication, & Governance team is responsible for reporting and interactions with the Board, senior management, and regulators (where appropriate) on in-scope remediation programs.Responsibilities:Lead cadence, agenda, and reporting to the Board and senior management (EMC, GCC) on the following topics. Focus on insight and synthesis of the following factors:Project/program statusIssue remediation statusEmerging risks/themesOutcomes and sustainabilityIndependent assessments, thematic analysis across reporting, and surfacing of issuesRegulatory Progress reportingPerformance management metricsIncludes setting and maintaining a proactive cadence and medium of communication with committees (including the GCC) and agenda setting on key points for discussion, topics that are not needed, topics for discussion, or areas where offline informing is acceptable.Manage escalation of topics to governance forums and driving decision-making on prioritization (including convening and governance on topics of Challenge, Change Control, and Business Closure)Provide input into assessment of key stakeholders’ performance in executing against Office of Remediation related commitmentsConduct evaluation of in-scope matters, regulatory findings and supervisory expectations, themes across actions messaging and narrative response. Support and challenge responses to regulators to ensure letter and spirit of feedback is addressedReview and analysis of Regulatory Progress Reporting for consistency, accuracy, and transparency of messaging across regulatory reportingEngage with regulators on status and progressPrepare for and debrief from regulatory meetings and other communications related to in-scope matters with senior leadership and the BoardMinimum Qualifications:Bachelor's in Business Administration and Management, Economics, Finance, or Communications
15+ years of experience in regulatory policy, supervision or relations or in a role requiring deep regulatory understanding
Track record of managing senior client or regulatory relationships at peer institution Experience in establishing (and evolving) governance oversight.
Experience in running governance structures.
Broad understanding of relevant banking regulation and supervisory expectations for large financial institutions
Strong analytical thinking and ability to synthesize themes and implications from multiple data points and sources
Superior oral and written communication skills, and in particular ability to assess and contribute to the content of large regulatory submissions
Preferred Qualifications:Masters in Business Administration and Management
What are you waiting for? Apply today!All Discover employees place our customers at the very center of our work.To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights)Application Deadline:The application window for this position is anticipated to close on Feb-14-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed. Never get tired of learning Mentors, a Tech Academy, Shine Brighter U: there are all sorts of ways to develop as part of our team. We hope they inspire you to grow. After all, brighter futures are what we’re all about.Hear about life in Corporate Functions from our team
What benefit have you found most useful and what have you done with it?Discover has wonderful benefits. I love all the benefits at Discover from all …RonakLead Program ManagerWhat aspect of Discover's culture keeps you at the company?The aspect of Discover's culture that has kept me at the company now for …What do you love best about your job that is UNIQUELY Discover?One thing I can tell you for sure is that Discover's leadership really cares …MargaritaSenior Project Manager - Third Party Information Security Risk ManagementWith our benefits, life’s easier – which means you’re free to grow Join us and you can expect a whole lot of rewards. From Health and insurance to on-site fitness centers, there’s everything you need to thrive – in and out of work.Feel at home in a business where everyone accepts everyone When you feel at home in a team, there’s nothing you can’t achieve. With our Diversity, Equity & Inclusion (DE&I) program and 10 Employee Resource Groups, everyone belongs.Learn more about what we do for our communities
Customer Service Community11/10/2023Whitehall Customer Care Center – Counting Down to the 2024 Grand Opening! Our Whitehall facility will help stimulate the loca...I continue to embrace a team approach by establishi...HBCU Alumni Talk Black Excellence on Campus and Beyond Historically Black College and University (HBCU) Al...A step-by-step guide to kicking off a career with us.
01Step one02Step twoPlay our Pymetrics mini-games
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Make your application after reading the following skill and qualification requirements for this position.IN-OFFICE: RIVERWOODS, ILLINOISVP, Remediation PMO and Effective Challenge#J-18808-Ljbffr