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Assistant Vice President, Compliance Risk Management

2 months ago


Stamford, Connecticut, United States Synchrony Full time

Position Overview:

The individual in this role will be integral to the governance of Compliance activities, focusing on the coordination of the quarterly Enterprise Risk Assessment related to significant compliance risks. This position entails providing support for Compliance Risk Assessments, which includes conducting quality assurance reviews, managing and monitoring Risk Appetite Limit breaches, and executing change management testing. The role also involves responding to requests from Regulatory bodies, Risk Testing, and Internal Audit, as well as maintaining the inventory of legal requirements and developing new program processes, metrics, and reporting as necessary to meet Compliance Program obligations.

Work Environment:

At Synchrony, we value flexibility and choice in our work arrangements. Employees have the option to work remotely, from one of our hubs, or in our offices. Occasionally, in-person attendance may be required for team meetings, training sessions, or cultural events.

Key Responsibilities:

  • Act as the compliance point of contact for the quarterly assessments of Tier 1 Compliance risks.
  • Conduct quality assurance reviews of Compliance Risk Assessments.
  • Oversee the newly established Compliance Risk Appetite Statement, including monthly monitoring and reporting of breaches and escalation triggers.
  • Maintain the legal requirements inventory, ensuring accurate processing workflows and data quality reviews.
  • Assist in preparing documentation for Regulatory and Internal Audit examinations.
  • Manage specific procedures and job aids, including their initial creation and periodic updates.
  • Lead or support various special projects and additional duties as assigned.
Qualifications:
  • Bachelor's degree with a minimum of 3 years of experience in governance, risk, and controls within a financial institution; or 6+ years of relevant experience in lieu of a degree.
  • At least 2 years of experience with advanced proficiency in Microsoft PowerPoint, Excel, and Word.
Preferred Skills:
  • Strong understanding of regulatory compliance program expectations.
  • Excellent written and verbal communication abilities.
  • Proven capability to foster strong relationships with cross-functional teams.
  • Project and process management expertise, with the ability to adapt to changing environments and manage multiple priorities.
  • Familiarity with workflow programs such as Nintex and PowerApp.
  • Certification as a Regulatory Compliance Manager (CRCM) is a plus.
Compensation:

The salary range for this position is $90,000.00 USD annually, with eligibility for an annual bonus based on individual and company performance. Actual compensation will be determined based on experience and skills.

Eligibility:
  • Must be at least 18 years old.
  • High school diploma or equivalent is required.
  • Willingness to undergo a drug test and background investigation.
  • Must meet the requirements of Section 19 of the Federal Deposit Insurance Act.
Commitment to Diversity:

Synchrony is dedicated to fostering a diverse and inclusive culture where every employee's skills and experiences are valued. We celebrate our differences and believe that diverse perspectives contribute to our success.