Principal Compliance Specialist

Profile

Principal Compliance Specialist

Duties: The candidate maintains a high level of awareness and knowledge of Fair Lending compliance requirements (including Americans with Disabilities Act, Limited English Proficiency and Elder protection) and assisting in the identification of Fair Lending risks. Possesses the ability to identify fair lending risks particularly in an environment of new and emerging technologies (e.g. Artificial Intelligence, Machine Learning). Assists in managing the governance programs for marketing, credit risk and servicing related campaigns, models and strategies to identify fair lending risks. Supports the business in operationalizing legal and regulatory requirements. Coordinates regulatory changes within affected business units and ensure that changes and controls are implemented to facilitate regulatory compliance. Assists in evaluating the adequacy of business policies, procedures, training and reference materials, system and manual processes, and provides support for research of regulatory requirements related to fair lending risk. Assists in planning and executing the annual Statistical Testing program to analyze fair lending issues. Assists in performing an enterprise wide fair lending risk assessment. Communicates and collaborates with business partners in the first line of defense regarding compliance risks and controls. Assists in preparing reports and other presentations for committee reporting. Prepares for regulatory exams, internal audits and compliance tests. Plan and execute Fair Lending Program initiatives with guidance from the Senior Manager and the Fair Lending Program Director. Promotes a risk-aware culture, ensure efficient and effective risk and compliance management practices by adhering to required standards and processes. Ensures compliance issues are brought to the attention of senior compliance professionals. Collaborate with the business to implement corrective action and controls as a result of the risk assessment, Compliance or Internal Audit findings. Assists Senior Manager, Directors and VP in larger projects as needed.

Additional Information

Job Requisition ID: R20827

Company info

Discover Bank-FDIC
7700 Wisconsin Avenue
Bethesda
Maryland
United States 20814
Website : https://www.discover.com