Synchrony
VP, Finance Process Governance Leader
Synchrony, Charlotte, North Carolina, United States, 28245
Job Description:
Role Summary/Purpose:
The VP, Finance Process Governance Leader is responsible for leading a team focused on first line of defense process governance, ensuring Finance sub-functions have effective controls in place to mitigate compliance, reporting, and operational risk. This leader is accountable for the overall process governance strategy for all sub-functions across Finance. This role provides expertise for critical first line of defense activities such as process policy governance, risk assessments, issue management, remediation program adherence, and exam readiness. The role will drive stronger preventative controls and simplification throughout Finance processes. Additionally, this role will serve as the primary liaison with cross-functional governance and issue/change management counterparts to ensure that the financial impact and impact to Finance processes is understood and communicated to all Finance teams.
Essential Responsibilities:
Partner with Risk function to ensure implementation and compliance with critical to compliance (“CTCs’) and Operational Risk requirements.
Ensure process owners in Finance adhere to Risk and Control Self-Assessment (RCSA) program standards and support RCSA trigger event refreshes.
Serve as the primary liaison between Finance and any governance requests, questions, comments from outside the function.
Lead, develop and mentor a team of Finance governance employees, direct and indirect.
Promote annual surveillance planning, standardization and optimization for Finance.
Ensure appropriate monitoring and escalation of risk through detective surveillance controls.
Provide guidance for effective issues management across Finance, ensuring appropriate transparency into issue fixes, timing and escalations. Review functional issue related risk acceptances.
Partner with cross-functional counterparts to calculate, review and communicate the financial impact of issues as well as remediation efforts.
Evaluate the applicability, requirements and the financial impact of any new proposed regulations impacting Synchrony.
Serve as primary financial SME for the Credit Governance, Growth Governance & Excellence, and Tech and Ops Governance organizations.
Comply with new Remediation program elements: assign Functional Remediation Coordinator, review and coordinate remediation plan approvals, ensure execution validation and attest to remediation accuracy and completeness.
Support Business Development, New Product Introduction (NPI) and Change Governance processes.
Consolidate, monitor, and report on Finance process owner identified regulatory and reporting emerging changes and requirements.
Evaluate effectiveness of KPIs, KRIs, early warning reports and management dashboards used within Finance and refine as needed.
Ensure Finance organization maintains a high level of exam/audit readiness and is prepared to effectively execute management action plans (“MAPs”), matters requiring attention (“MRAs”) and lead efforts to ensure that MRAs and findings are not repeated.
Perform other duties and/or special projects as assigned.
Qualifications/Requirements:
Bachelor’s Degree with 8+ years relevant management experience in audit, risk, compliance or other governance type work with a strong understanding of Finance processes.
5+ years’ experience driving process improvements/management.
Minimum 5 years’ experience in Audit, Risk, Compliance, or other governance type of work.
Minimum 3 years’ experience interacting with external financial regulatory agencies.
Strong working knowledge of Finance compliance requirements.
Prior experience identifying process risks and defining key controls.
Grade/Level: 14
The salary range for this position is
150,000.00 - 250,000.00
USD Annual and is eligible for an annual bonus based on individual and company performance.
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.
Job Family Group:
Finance
#J-18808-Ljbffr
Role Summary/Purpose:
The VP, Finance Process Governance Leader is responsible for leading a team focused on first line of defense process governance, ensuring Finance sub-functions have effective controls in place to mitigate compliance, reporting, and operational risk. This leader is accountable for the overall process governance strategy for all sub-functions across Finance. This role provides expertise for critical first line of defense activities such as process policy governance, risk assessments, issue management, remediation program adherence, and exam readiness. The role will drive stronger preventative controls and simplification throughout Finance processes. Additionally, this role will serve as the primary liaison with cross-functional governance and issue/change management counterparts to ensure that the financial impact and impact to Finance processes is understood and communicated to all Finance teams.
Essential Responsibilities:
Partner with Risk function to ensure implementation and compliance with critical to compliance (“CTCs’) and Operational Risk requirements.
Ensure process owners in Finance adhere to Risk and Control Self-Assessment (RCSA) program standards and support RCSA trigger event refreshes.
Serve as the primary liaison between Finance and any governance requests, questions, comments from outside the function.
Lead, develop and mentor a team of Finance governance employees, direct and indirect.
Promote annual surveillance planning, standardization and optimization for Finance.
Ensure appropriate monitoring and escalation of risk through detective surveillance controls.
Provide guidance for effective issues management across Finance, ensuring appropriate transparency into issue fixes, timing and escalations. Review functional issue related risk acceptances.
Partner with cross-functional counterparts to calculate, review and communicate the financial impact of issues as well as remediation efforts.
Evaluate the applicability, requirements and the financial impact of any new proposed regulations impacting Synchrony.
Serve as primary financial SME for the Credit Governance, Growth Governance & Excellence, and Tech and Ops Governance organizations.
Comply with new Remediation program elements: assign Functional Remediation Coordinator, review and coordinate remediation plan approvals, ensure execution validation and attest to remediation accuracy and completeness.
Support Business Development, New Product Introduction (NPI) and Change Governance processes.
Consolidate, monitor, and report on Finance process owner identified regulatory and reporting emerging changes and requirements.
Evaluate effectiveness of KPIs, KRIs, early warning reports and management dashboards used within Finance and refine as needed.
Ensure Finance organization maintains a high level of exam/audit readiness and is prepared to effectively execute management action plans (“MAPs”), matters requiring attention (“MRAs”) and lead efforts to ensure that MRAs and findings are not repeated.
Perform other duties and/or special projects as assigned.
Qualifications/Requirements:
Bachelor’s Degree with 8+ years relevant management experience in audit, risk, compliance or other governance type work with a strong understanding of Finance processes.
5+ years’ experience driving process improvements/management.
Minimum 5 years’ experience in Audit, Risk, Compliance, or other governance type of work.
Minimum 3 years’ experience interacting with external financial regulatory agencies.
Strong working knowledge of Finance compliance requirements.
Prior experience identifying process risks and defining key controls.
Grade/Level: 14
The salary range for this position is
150,000.00 - 250,000.00
USD Annual and is eligible for an annual bonus based on individual and company performance.
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.
Job Family Group:
Finance
#J-18808-Ljbffr