Job Description:

We are seeking a dedicated and detail-oriented Risk and Control Specialist to join our team within the Decisions and Analysis (DNA) universe. This individual will play a crucial role in identifying risks and driving strategies to manage them. The role involves close collaboration with enterprise-wide Legal, Compliance, and Corporate Risk functions to ensure accurate and timely implementation of risk management disciplines across all areas in the DNA organization.

Key Responsibilities:

• Risk and Control Management:
• Ensure effective identification and implementation of controls to manage operational, financial, and compliance risks.
• Act as a subject matter expert on efficient processes to maintain an accurate library of DNA’s risks and controls.
• Facilitate risk and control self-assessment workshops, working with business partners, compliance advisory, and process teams to complete risk identification, control assessment, and risk response/mitigation activities.
• Ensure timely completion of risk and control self-assessment reviews and risk and control mapping for change management and regulatory change management activities.
• Monitor the risk and control environment for weaknesses and coordinate with business partners to identify solutions to improve the effectiveness and efficiency of controls.
• Have a basic understanding of the data ecosystem environment and be able to identify risk and control gaps in this area.
• Change Management and Regulatory Change Management:
• Coordinate change management activities with BU SMEs and Legal, Compliance partners to complete impact analysis, risk and control assessment prior to project launch.
• Work with BU SMEs on applicable regulatory change management to complete gap assessments and action plans to mitigate identified gaps.
• Risk Analysis and Reporting:
• Provide education and monitor DNA employees on the requirements of company policies and standards related to Change Management, Regulatory Change Management, and Risk and Control Self-Assessment.
• Manage the timely and accurate creation of monthly risk reports and discuss results with DFS Senior Leadership.
• Project Management:
• Assist on complex change management projects to identify potential control gaps.
• Evaluate the testing scope of change management projects to ensure testing is designed adequately to meet all regulatory requirements.

Skills and Qualifications:

• Strong understanding of risk and control management principles.
• Experience in consumer banking.
• Excellent communication and collaboration skills.
• Ability to work effectively with cross-functional teams.
• Basic understanding of data ecosystem environments.