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VP, Operational Risk Programs & Assessments

Company: Synchrony
Location: Stamford
Posted on: August 7, 2022

Job Description:

Job Description:Role Summary/PurposeThe VP Operational Risk Programs & Assessments is accountable for owning and managing the Synchrony enterprise-wide operational risk assessment programs performed by both the first and second lines of defense. These programs are maintained to ensure the identification and assessment of the operational risks inherent in all material products, activities, processes, and systems across the organization. Primary scope for this role includes the Operational Risk Assessment (ORA), Risk Control Self-Assessment (RCSA) Program, and Proactive Risk Acceptance Process. This position reports in to the SVP, Non-Customer Facing Operational Risk Oversight.This position can be remote, where you have the option to work from home. On occasion we may request for you to commute to our nearest office for in person engagement activities such as team meetings, training and culture events. To ensure the safety of our colleagues and communities, we require employees who come together in-person to be fully vaccinated. We're proud to offer you choice and flexibility.Essential Responsibilities

  • Lead the execution and reporting of the Operational Risk Assessment (ORA), which focuses on the -50 enterprise-level operational risks in the business; measure the level of risk, document current status, and provide forward looking direction for how risks will trend over time.
  • Own the Risk Control Self-Assessment (RSCA) Program framework and related process components (e.g. RAQ) with a goal of driving accurate, actionable, and efficient assessment of operational risk levels across Synchrony.
  • Drive the planning and management of the Risk Assessment Questionnaire (RAQ) for all -360 Synchrony processes in partnership with 1LOD governance teams.
  • Manage standards and related processes to maintain relevant inventories of Process Risks and Controls (PRC) data, which are foundational to the enterprise risk, governance, and surveillance programs across the business.
  • Define and manage the execution of the Process Risk & Control Self-Assessment (PRSCA) framework, which required for the highest risk processes in Synchrony.
  • Own the framework for the Proactive Risk Acceptance process across Synchrony to enable transparent decision-making for assessment and documentation of material risk outside normal business-as-usual exposure for processes, functions, products, or platforms.
  • Coordinate with 1LOD and 2LOD teams on the governance of the Synchrony Process Universe requirements and implementation.
  • Partner with the eGRC Team to design and implement effective system processes for managing operational risk data and assessments in the centralized systems and reporting.
  • Deliver best-in-class risk analytics in partnership with the Risk Analytics Team. Prioritize visibility to operational risk data and trends, integrated and aggregate risk views, and reliable data quality monitoring.
  • Engage with Regulators during exams and periodic updates on the Risk Assessment programs, including topic areas that impact ORA, RCSA Program, and/or Risk Acceptance processes.
  • Plan and deliver various Committees updates on operational risk programs and results to inform management and executive leadership of risk levels and themes across the business.
  • Perform other duties and/or special projects as assignedQualifications/Requirements
    • Bachelor's degree and 5+ years of experience in consumer banking or finance businesses or; in lieu of Bachelor's Degree, a High School Diploma / GED with 9+ years of experience in consumer banking or finance businesses.
    • 3+ years operational risk, compliance, governance, or risk assessment experience.Desired Characteristics
      • Proven analytical skills with strong attention to detail.
      • Demonstrated ability to lead initiatives across functions.
      • Proven ability to make decisions based on quantitative analysis and creative thinking.
      • Excellent verbal and written communication skills.
      • Experience creating and delivering presentations to all levels of the organization including senior leadership.
      • At least intermediate MS Excel skill-set.
      • Ability to travel within the domestic U.S. as required.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 24 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).Our CommitmentWhen 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 , with more than 60% of our workforce engaged, you'll find community to connect with and 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 race, color, religion, sex, 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 work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
          • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time.The salary range for this position is 100,000.00 - 200,000.00 USD AnnualSalaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.Grade/Level: 13Job Family Group:Risk Management

Keywords: Synchrony, Stamford , VP, Operational Risk Programs & Assessments, Executive , Stamford, Connecticut

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