Director Payments Strategy Development

Company: Discover Financial Services, Inc.
Location: Chicago
Posted on: May 7, 2025

Job Description:

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
Defines and oversees Discover Payment Service's strategy development. Leverages expertise in the payments market landscape to develop and lead critical strategic business initiatives and to identify and execute various business optimization and business growth initiatives including the execution of inorganic business levers.
How You'll Do ItIdentifies and develops Discover Payment Service's strategic objectives and opportunities in support of this strategy.Leads structuring of programs and projects of diverse scope related to advancing Payment Service's strategy, business objectives, and related initiatives.Develops recommendations and identifies opportunities; leads presentations (e.g., financial technical analysis) and communications to leadership.Leads analysis on strategy development and business opportunities, which may include managing the creation of business case / financial models, valuation, deal rationale, due diligence, and transaction structuring.Leads cross-functional internal teams and external resources to facilitate strategy development and business initiative outcomes. Manages internal and external relationships related to strategy and business opportunity development.
Qualifications You'll Need
The BasicsBachelors Business Administration and Management11+ years M&A, Investment Banking, Corporate Development, Transaction Advisory, Consulting, or related4+ years Payments, Financial Services, or related
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:No required movement about the work environment to complete the major responsibilities of the job.Primarily performed indoors in an office setting.Ability to operate office equipment such as but limited to computer, telephone, printer and calculatorAbility to communicate verbally and in written form10% travelBonus Points If You HaveMasters Business Administration and ManagementMasters Finance2+ years People Management or related15+ years Financial Services, Management Consulting, Transaction Advisory or relatedDiscover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.Application Deadline:The application window for this position is anticipated to close on May-03-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.About This RoleDiscover. 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
Defines and oversees Discover Payment Service's strategy development. Leverages expertise in the payments market landscape to develop and lead critical strategic business initiatives and to identify and execute various business optimization and business growth initiatives including the execution of inorganic business levers.
How You'll Do It

• Identifies and develops Discover Payment Service's strategic objectives and opportunities in support of this strategy.
• Leads structuring of programs and projects of diverse scope related to advancing Payment Service's strategy, business objectives, and related initiatives.
• Develops recommendations and identifies opportunities; leads presentations (e.g., financial technical analysis) and communications to leadership.
• Leads analysis on strategy development and business opportunities, which may include managing the creation of business case / financial models, valuation, deal rationale, due diligence, and transaction structuring.
• Leads cross-functional internal teams and external resources to facilitate strategy development and business initiative outcomes. Manages internal and external relationships related to strategy and business opportunity development.
  Qualifications You'll Need
  The Basics
  • Bachelors Business Administration and Management
  • Bachelors Social Sciences
  • 11+ years M&A, Investment Banking, Corporate Development, Transaction Advisory, Consulting, or related
  • 4+ years Payments, Financial Services, or related
    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:
    • No required movement about the work environment to complete the major responsibilities of the job.
    • Primarily performed indoors in an office setting.
    • Ability to operate office equipment such as but limited to computer, telephone, printer and calculator
    • Ability to communicate verbally and in written form
    • 10% travelBonus Points If You Have
      • Masters Business Administration and Management
      • Masters Finance
      • Masters Engineering
      • 2+ years People Management or related
      • 15+ years Financial Services, Management Consulting, Transaction Advisory or relatedDiscover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.Application Deadline:The application window for this position is anticipated to close on May-03-2025. 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 $177,500.00 to $270,300.00. 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
        • Short and Long Term Disability, Life, and Accidental Death & Dismemberment insurances
        • Recognition Program
        • Education Assistance
        • Commuter Benefits
        • Family Support Programs
        • Employee Stock Purchase PlanLearn 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 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)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.At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant's qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angeles County Fair Chance Hiring Ordinance (LA County Fair Chance ).Positions marked as remote eligible are limited to remote locations within the country in which the position is based.Applicants must be 18 or older at the time of hire.Learning & DevelopmentNever get tired of learningMentors, a Tech Academy, Shine Brighter U: there are all sorts of ways to develop as part of our team. We hope they inspire you to grow. After all, brighter futures are what we're all about.Apply NowSeen it, like it, want it? Start your job application.IN-OFFICE: RIVERWOODS, ILLINOIS + 1 MORE LOCATIONManager Business Strategy ( Risk Management )REMOTE ELIGIBLE
          IN-OFFICE: RIVERWOODS, ILLINOIS
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Keywords: Discover Financial Services, Inc., Des Plaines , Director Payments Strategy Development, Executive , Chicago, Illinois