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:
What You'll Do
Single point of accountability and governance for Discover and Diners international and domestic network policies and related documents. Accountable for the business decisioning for the full set of rules that govern our network. Responsible for the network operating documents; the structure, content, and decisions about what is required of participants to comply with our network. Owns the development of Network policies that have direct impact on all network participants, including merchants, acquirers, issuers, and other network participants. These policies and related documents establish the terms of how the network will operate such as technical expectations, regulatory obligations, data standards, contracts, and other obligations of network participants. Lead the development of high-impact rules to support products and capabilities, protect the brand, and ensure compliance with regulatory and legal requirements.
Key skills for success in this role include building collaborative relationships, influencing, communicating, negotiating, and deep knowledge of the payment landscape.
How You'll Do It
Own Network Policies, ensuring they support regulatory compliance, business goals, appropriate data standards, product definitions, commercial contracts, and participation obligations. Responsible for structure and completeness of all documents. Provides effective challenge, influences, and drives to ratify key decisions. Provide advisory support for PULSE network policies and program documents as needed.
Oversees a department of professionals responsible for global network policies. Team will proactively provide analysis, consultation and oversight around form and content of rules and related documents. Team collaborates with domain subject matter experts for required policy changes, ensuring operating rules are cohesive, consistent, and streamlined where possible. Attract, develop, and retain a high performing team in an enterprise environment.
Design, implement, and oversee the processes for granting and managing contractual waivers, non-compliance enforcement processes, and related management reporting across networks.
Collaborate with various stakeholders including Pricing, Product, Operations, Legal and Network functional management to ensure business goals are supported with network policy.
Function as Payment Services Regulatory Affairs lead, serving as the primary liaison between Payment Services and the Legal and Government Affairs teams to assess and implement any new regulatory or licensing initiatives. Ensures rules comply with applicable global regulations and supports all applicable governance processes. Participate in all applicable governance processes and support roll-related interactions with regulators.
Qualifications You’ll Need
At a minimum, here’s what we need from you:
Bachelors Administration and Management or Finance
12+ years Financial Service, Strategy, Analytics, Technical Product Management, Regulatory, Policy, Legal or related
4+ years Payments Industry Interaction
Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:
Primarily remain in a stationary position.
No required movement about the work environment to complete the major responsibilities of the job.
Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
Ability to communicate verbally.; Ability to communicate in written form.
Travel up to 10% of the time.
Bonus Points If You Have
If we had our say, we’d also look for:
Masters Business Administration and Management
JD Law
6+ years Payments Industry
15+ years Financial services, strategy, analytics, technical product management, regulatory, policy, legal, or related
In Lieu of Education Experience
18+ years Financial Service, Strategy, Analytics, Technical Product Management, Regulatory, Policy, Legal or related
4+ years Payments Industry
Application Deadline:
The application window for this position is anticipated to close on Nov-10-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
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 & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email HireAccommodation@discover.com. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
