What are the responsibilities and job description for the VP – AML (CIP & KYC) position at Synchrony?
JOB_POSTING-3-69823-5
Job Description
Role Summary/Purpose:
This new position will be accountable for risk identification, assessment, monitoring and reporting related to the Company’s KYC/CIP program.
Essential Responsibilities
With respect to the following AML program elements: customer identification and verification and know your customer, provide effective challenge, oversight and execute recommended control design and operational effectiveness enhancements.
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
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
Risk Management
Job Description
Role Summary/Purpose:
This new position will be accountable for risk identification, assessment, monitoring and reporting related to the Company’s KYC/CIP program.
Essential Responsibilities
With respect to the following AML program elements: customer identification and verification and know your customer, provide effective challenge, oversight and execute recommended control design and operational effectiveness enhancements.
- Assist in the development and implementation of necessary program enhancements to ensure the continuous improvement and ongoing success of the AML Program and serve as a subject matter expert in AML laws and regulations
- Develop, review and provide effective challenge regarding policies, procedures, and controls designed to ensure compliance with regulatory expectations
- Identify AML risk associated with new and existing laws and regulations, products, processes, systems, clients and acquisitions
- Assist in the development of AML training materials to educate business leaders, employees and third party suppliers regarding AML requirements including, where appropriate, customized training for certain job roles
- Identify and escalate key issues and risks for further discussion and action, as appropriate, to AML senior management
- Assist in the development and monitoring of AML-related metrics, key performance indicators and key risk indicators
- Assist in the development and execution of targeted reviews and the analysis of the results of second line of defense quality assurance activities
- Assist in the execution of the Money Laundering Risk Assessment including analysis of inherent risks, the control environment and themes and trends
- Assist with the support of AML related audits, tests and examinations including preparing responses to requests for information and documents and communication with regulatory authorities
- Perform other duties and/or special projects as assigned
- Bachelor’s Degree and 5 years of BSA/AML experience in a large financial institution, including experience in the following: Customer Due Diligence, Enhanced Due Diligence, and Customer Risk Rating
- 5 years of successful work in a matrixed environment, leading projects and presenting results to senior leaders and regulators
- Strong analytical, investigative, and problem-solving skills. Excellent written and oral communication skills
- Certifications such as CAMS (Certified Anti-Money Laundering Specialist) or equivalent
- Excellent influencing skills and the ability to collaborate with multiple functional areas
- Demonstrated ability to identify and communicate AML risks and effectively challenge whether such risks have been mitigated
- Demonstrated ability to manage and execute on multiple demands, priorities, and projects
- Data analytic skills
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).
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
- 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
Risk Management
