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Discover Principal Product Risk Manager in Boston, Massachusetts

Principal Product Risk Manager



About This Role

Discover. A brighter future.

With us, you’ll do meaningful work from Day 1. Ourcollaborative 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

Coordinates with internal and external parties to identify new and evolving threats to the payments environment and emerging payment technologies with the goal of quickly deploying countermeasures to help prevent payment data compromises and mitigate fraud loss. Work with internal partners to review emerging payment products, wallets, or payment methods for vulnerabilities, fraud risks, or any other potential risk to Discover Global Network, and create controls and mitigations for any identified risks. Provide feedback on technical documents, policy, contracts, and other various documents pertaining to Network Rules, Product Risk, or industry best practices. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.


  • Provides subject matter expertise to consult with both internal and external partners and customers to clearly articulate the security and fraud threat environment when using emerging Payment technologies and develop appropriate mitigation strategies

  • Deliver strategic guidance to reduce Risk exposure and mitigate emerging risk related to the Product space

  • Develop and manage a Threat/Risk/Compliance playbookas applicable for new or emerging products

  • Develop security and fraud relatedriskdocumentation to support product launch

  • Educate other Risk SMEs (Data Security, Fraud, Partner Audit, Regulatory Compliance) to understand the product to prepare for their assessments/reviews

  • Provides Risk thought leadership with emphasis on security and fraud within the industry, DFS and all partners

  • Host Tabletop exercise to test risk readiness

  • Be a trusted advisor to senior leadership and help articulate the risk and the mitigation strategies

  • Represents DFS at industry and client events and prepare and deliver SME-level presentations to multiple levels of internal and external management

  • Manage Risk Scorecard for Products

  • Prepare audit checklist for Partners participating in new payment products

  • Forward looking to understand emerging Payment Trends and help educate the Risk teams

  • Stays informed on data security and fraud rules and regulations that may impact payment products and report any changes that may affect the business or compliance

  • Partner with cross functional teams to monitor market dynamics and changes and identify proactive risk engagement opportunities

  • Monitor for Industry trends (Competitor insights, Regulations) and help Products react to them

  • Assist Product in Compliance with applicable Regulations across the globe

  • Participate in and help lead security and fraud investigations that impact payment products

  • Represent Product Risk during Fraud and other incident investigation

Minimum Qualifications

At a minimum, here’s what we need from you:

  • Bachelor's Degree in Business, Security, Intelligence, Technology, or related field

  • 6+ years ofFraud, Information Security, Audit, Information Technology, Risk Management, International Business, Business, Computer Science, or related experience

  • In lieu of a degree, 8+ years of experience inFraud, Information Security, Engineering, Criminal Justice, Decision Analytics, or related field AND 2+ years Payment Industry experience

Preferred Qualifications

If we had our say, we’d also look for:

  • 8+ years of experience inFraud, Information Security, Engineering, Criminal Justice, Decision Analytics, or related field

  • 2+ years of experience in Payment Industry

  • Certified Fraud Examiner (CFE)


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What are you waiting for? Apply today!

All Discover employees place our customers at the very the 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.

The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer(EEO is the law) ( . We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.