VP, Enterprise Risk Governance

at Synchrony in Chicago, Illinois, United States

Job Description

Job Description:

Role Summary/Purpose

Reporting to the VP, Enterprise Risk Governance Leader & Board Administrator, this role will play a key role in the governance processes of Synchrony Financial and Synchrony Bank, with primary responsibility for the management, administration and execution of the meetings for the Enterprise Risk Management Committee (ERMC), the Risk Committee of the Board of Directors (RC), and the Joint Audit and Risk Committees of the Board of Directors (JARC). This role will also assist the Board Administrator in various duties relating to the Board of Directors (BOD) activities.

Responsibilities will include conducting the annual assessment of compliance with Heightened Standards requirements and assisting with other Enterprise Risk themed projects, as needed, which may include various regulatory requests and exams. This role will coordinate agenda and materials for the Chief Risk Officer Quarterly meetings with the FED and the OCC. This role will provide subject matter expertise for 2LOD governing bodies, including providing oversight of the committee activities of all sub-committees under the ERMC.

We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.

Essential Responsibilities

+ Lead the management, administration and execution of the ERMC, RC, and JARC meetings, including:

+ Conduct annual review and assessment of ERMC and RC Charters;

+ Partner cross-functionally with senior leaders to confirm select topics are covered at, and escalated to, the appropriate committees;

+ Develop agendas and meeting materials; coordinate with Risk SLT, 1LOD and Internal Audit senior leaders to curate content, when appropriate;

+ Coordinate with Management Committee and IT Sub-committee leaders to ensure appropriate synergies between all management-level committee meetings;

+ Create and manage a tracking calendar of agenda items to be covered for the year; ensure any regulatory requirements are met in a timely fashion;

+ Participate in the ERMC, RC and JARC meetings to ensure all administrative components are addressed;

+ Maintain log of formal follow-up items, manage closure, and schedule presentations at future committee meetings, as necessary;

+ Complete ERMC Minutes, obtain initial legal approval, and circulate to committee attendees for review; manage final revisions, as needed; and

+ Periodically post final committee meeting documentation to CDR and other repositories.

+ Assist the Board Administrator in various duties relating to the BOD activities, meetings and specific requests from directors.

+ Fulfill regulatory and subpoena requests related to ERMC, RC, JARC and BOD, as well as other related requests from 2LOD and Internal Audit.

+ Plan and execute the annual 2LOD Heightened Standards assessment

+ Provide subject matter expertise for 2LOD governing bodies, including providing oversight of the ERMC sub-committee activities.

+ Support the various ERM processes (Risk Appetite Statement, Enterprise Risk Assessment, Issue Management) to ensure appropriate reporting at governance forums.

+ Support other Enterprise Risk initiatives to drive a consistent enterprise-wide approach across the Risk function.

+ Perform other duties and/or special projects as assigned.

Qualifications/Requirements

+ Bachelor’s Degree in Finance, Business, Economics, Pre-Law or Risk Management with 5+ years of experience in relevant Finance, Audit, Legal and/or Risk Management roles (or in lieu of a bachelor’s degree 9+ years of relevant experience in Finance, Audit, Legal or Risk Management roles with emphasis in data analysis, process and controls, and project management).

+ 5+ years’ experience in the consumer finance industry.

Desired Characteristics

+ Prior Legal, Risk or Compliance experience in a consumer financial institution

+ Strong committee experience (managing, coordinating, and/or executing committee meetings)

+ Strong leadership skills working within a matrixed environment

+ Ability to influence stakeholders both cross-functionally and at all levels of the organization

+ Sharp focus on accuracy with extreme attention to detail

+ Executive presence

+ Ability to maintain strict confidentiality regarding all materials and topics for ERMC, RC, JARC, BOD and regulatory meetings

+ Excellent project management skills, as well as written and verbal communication skills

+ Ability to meet tight deadlines, and pivot quickly should priorities change

+ Familiarity with consumer lending products and practices

+ Advanced PowerPoint skills, with general proficiency in other Microsoft Office products

Grade/Level: 12

The salary range for this position is 110,000.00 – 185,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Eligibility Requirements:

+ You must be 18 years or older

+ You must have a high school diploma or equivalent

+ You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process

+ You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

+ New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months’ time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).

Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Our Commitment:

When you join us, you’ll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we’re building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ (https://www.synchronycareers.com/our-culture/#diversity) , with more than 60% of our workforce engaged, you’ll find community to connect with an opportunity to go beyond your passions.

This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.

Reasonable Accommodation Notice:

+ Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or wo