Director Of Internal Audit- Head Of Audit Professional Practices

Discover. 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:

Description:

Discover’s Internal Audit (IA) Department has a commitment to provide insightful perspectives, leverage specialized talent, and deliver a refreshing experience to all of our stakeholders. This commitment is met through collaborative, hard-working, highly motivated, and technically skilled professionals who consistently deliver high-quality work in a challenging and fast-paced environment. IA brings a consultative and progressive approach to their work, which is predicated on a culture of enhancing risk management and business outcomes for Discover, actively contributing to the development of its professionals, and embracing a mindset of innovation and continuous improvement. The department of approximately 180 professionals globally is viewed as a critical piece of the risk management framework and is valued as a trusted voice and indispensable partner. 

The Director, of Internal Audit- Head ofProfessional Practices plays a pivotal role in ensuring the success of Internal Audit as a function and ensuring value is provided to the company. The Head ofProfessional Practices plays a critical role in leading the department to enhance audit methodology and process to meet regulatory expectations and industry standards. Additionally, this role will support the function with maturing its collaboration with critical risk functions, as well as building and maturing the department's dashboards and reporting capabilities for Senior Management and the Board.   

This role supports department leadership, including the CAE and Vice Presidents, in continually improving Audit’s perceived and actual value and driving a culture of continuous improvement. Responsible for direction and oversight of teams that manage department operations, methodology / standards, quality assurance, technology and data operations, and regulatory / board level reporting.   Additionally, sees operational and technical skills to support the Department objectives. Follows the Audit methodology providing strategic direction on the audits of coverage area, ensure a high quality of the audit work and audit reports, appropriately allocate audit staff in accordance with the pre-determined audit plan and budget hours and be able to adapt allocation of resources when audit plan changes, develop the annual audit universe for coverage area and be able to make adjustments based on needs and changes. Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.

Responsibilities:

• Manages and interprets data on business unit performance. Identifies and implements simple and informative measures to track progress and works with department leadership and Finance to update on progress and adjust as necessary. 

• Guides audit strategy and operations teams in addressing pressing business issues. Engages with department leadership and related business partners to identify and address current challenges. Guides team and leadership in balancing addressing current challenges with longer term strategic program changes. Manages both current challenges and longer-term strategic changes. 

• Manages direct reports and daily operations of the department including but not limited to audit committee reporting; methodology change management process; regulatory requests and interactions; quality assurance program; dynamic planning and risk assessment processes. 

• Provides logistical support and thought leadership for many of the activities intended to set strategic direction and maintain alignment within business unit (e.g., managing weekly Senior Operations staff meetings, participating in business unit scorecard and process reviews, organizing and conducting periodic strategy sessions for officers and directors and coordinating the creation of Executive Committee and Board-level presentations). 

• Additionally, supports the following:

  • Ensures regulatory items are effectively completed, validated, documented and reported timely.

  • Ensures adequate participation in exams and effective verification of closed regulatory items.

  • Provides execution and ongoing maintenance of the audit plan.

  • Executes the approved Audit Plan on schedule while maximizing audit resources.

  • Recommends changes to plan as business developments arise.

  •  Supervises the Audit Finding Action Status Updates / Verification / ORE verification for your areas of responsibility.

  • Supports, supervises and develops staff as part of career development initiatives including, rotation programs within Discover, Change Initiative etc. Staff audits and reviews with appropriately skilled resources. Assign roles to staff that allows for their professional development.

  • Manages staff development and job satisfaction, resulting in improved EOS scores.

  • Supervises, in accordance with department policies and procedures, the execution of complex audits.

  • Provides strategic guidance and expertise on the execution of the audit by applying knowledge of (company/industry/IT) best practices and processes to ensure proper strategic alignment.

  • Provides input and ensure proper identification and assessment of key business risks and controls.

  • Produces findings/reports that are high substantive quality; well drafted and communicated and delivered on schedule in conformity with department policy and procedures.

  • Executes activities and committee meetings across the enterprise, including effective and timely reporting in line with regulator expectations.

  • Participates in and support department strategic initiatives based on defined governance structure (for specific initiative) to improve Internal Audit processes.

Required Qualifications:

• Bachelor’s degree in Social Sciences, Engineering, Business, Accounting, Finance, Information Technology, or Analytics.

• 10+ years of Applied Sciences, Engineering, Operations, Accounting, Finance, Business or related field, Computer Science, Data Science, 2+ years of people management, or related experience.

Preferred Qualifications:

• Master’s degree in Social Sciences, Engineering, Business, Accounting, Finance, Information Technology, or Analytics.

• 4+ years of experience leading public accounting or consulting firm, highly regulated environment, payment network and related technology services, Six Sigma, leading people in cross cultural/international teams, or related experience.

Application Deadline:

The application window for this position is anticipated to close on Jan-07-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

Compensation:

The base pay for this position generally ranges between $150,500.00 to $228,900.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Benefits:

We also offer a range of benefits and programs based on eligibility. These benefits include:

• Paid Parental Leave

• Paid Time Off

• 401(k) Plan

• Medical, Dental, Vision, & Health Savings Account

• STD, Life, LTD and AD&D

• Recognition Program

• Education Assistance

• Commuter Benefits

• Family Support Programs

• Employee Stock Purchase Plan

Learn more at MyDiscoverBenefits.com.

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)