What are the responsibilities and job description for the AVP, Credit Operational Risk position at Synchrony?
Job Description :
Role Summary / Purpose :
The role of an Assistant Vice President (AVP), Credit Operational Risk (COR) is responsible for supporting the head of Credit Operational Risk with executing an independent oversight framework for Synchrony's Credit organization. The AVP will support the team by completing
conformance reviews, monitoring fraud risk and helping with the issue management processes. This role reports to the VP, Credit Operational Risk. The COR team is part of the Credit Risk Oversight team, who is part of the broader Risk organization.
Our Way of Working
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 :
- Perform independent assessments of Credit-related Operational Risks including reviewing key controls and processes to assess effectiveness and conformance to policies and procedures while supporting Project Eagle by challenging the Risk Control Self-Assessment documentation
- Assist the VP of Credit Operational Risk (COR) and independently conduct reviews included in the annual plan.
- Document work papers and assist in the preparation and drafting of the preliminary report to discuss with the COR Team Lead and SVP, Credit Risk.
- Participate in the on-going monitoring of issues and process breakdowns and ensure that the proper documentation protocol is being followed and that action plans are developed to mitigate the underlaying risk.
- Provide updates to the Credit Risk Sub-Committee, if needed on thematic and / or emerging issues arising from completed reviews.
- Assist the VP of COR with setting the annual Risk Appetite limits for fraud losses and monitoring the performance against the limits to report out to senior leadership.
- Assist in compiling materials for internal and external audits, as well as regulatory examinations.
- Build and maintain relationships with peer colleagues within Risk and other lines of defense.
- Proactively look for and identify opportunities across Synchrony to implement risk monitoring solutions to improving the efficiency and effectiveness of our risk oversight.
- Participate on broader Credit Risk Oversight team special projects / initiatives.
Qualifications / Requirements :
Desired Characteristics :
Grade / Level : 10
The salary range for this position is 75,000.00 - 130,000.00 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 :
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 , 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 :
Job Family Group : Risk Management
Salary : $75,000 - $130,000
