15 days old

Accounts Payable Vendor Analyst - P207207

Riverwoods, IL 60015
  • Job Code

At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both. We're all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.

The role will focus on a specific business activity or subset of activities to include full management of the Accounts Payable Vendor Master File. Works independently with business partners to understand transactions and activities impacting areas of responsibility. Responsible for creating and enforcing rules and guidelines to maintain a high quality, compliant, and best-in-class vendor master file as well as ensuring compliance with internal and external reporting (1099MISC, OFAC reporting, TIN validation). Ensures that reports and transactional information relating to areas of responsibility are appropriately reflected in financial reporting. Demonstrates judgment and decision-making in executing control activities in support of accurate books and records. Applies limited independent judgment for the appropriate application of Corporate Policy, GAAP, or regulation and in decision-making or problem-resolution. Executes fully day-to-day responsibilities with limited managerial guidance or support. Ensures compliance with corporate and department policies and procedures in performing responsibilities. Analyzes exceptions, identifies root cause, and devises resolutions. Offers ideas for continuous process and system improvement and assists in implementation.

  • Responsible for relevant regulatory and internal compliance and fraud mitigation through creating and completing all Vendor Master File and profile activities, such as onboarding new vendors. Creates Vendor Profiles, maintains existing vendors to include AML OFAC validation and resolution, confirmation of appropriate risk due diligence activities, IRS tax validation and form intake, and validation of banking information. Must have working knowledge of regulatory requirements in order to uphold control environment and application of appropriate regulatory framework. Vendor Master File has approximately 159,000 records, 18,000 of which are active at any given time. Full purview over entire file.
  • Interfaces with all internal and external parties in executing responsibilities (e.g., AML Screening, External Vendors, Corporate Risk, Business Unit Partners, Corporate Tax). Works directly with all affected parties to resolve questions and discrepancies as a result of evaluation and analysis of artifacts and information.
  • Represents the role in cross-functional teams to support the advancement of priorities in areas of responsibility, new business initiatives, and/or resolution of production events related to establishment and usage of best-in-class Vendor Master File.
  • Manages transaction flow through various internal systems to include Infor Cloud Suite Financial sub ledger, Ariba P2P, Archer Third Party, General ledger as well as support related system testing efforts. Vendor payments constitute $2.2 billion dollars of transactions.

Minimum Qualifications

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

  • Bachelor's Degree in Business, Accounting, Finance, or related field
  • In lieu of a degree, 2+ years of experience in Business, Accounting, Finance, or related field
Preferred Qualifications

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

  • 2+ years of experience in Business, Accounting, Finance, or related field
  • Accounts Payable, P2P, or related certification

Discover Financial Services is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, among other things, or as a qualified individual with a disability.



  • Banking / Finance
Posted: 2019-10-02 Expires: 2019-11-01

Welcome to Discover
We strive to be the leading direct bank and payments services company. Our mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.

Why Work with Us?
You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.


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Accounts Payable Vendor Analyst - P207207

Riverwoods, IL 60015

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