VP, Enterprise Risk

Job Description:

Role Summary/Purpose:

This Vice President, Enterprise Risk role has key responsibilities as a member of Enterprise Risk Management (ERM) team primarily through execution of the new Risk Aggregation & Reporting (RAR) process and management of the newly expanded Enterprise Risk Taxonomy. This role will also support other key ERM process responsibilities, such as risk management activities related to the Enterprise Risk Assessment (ERA) and Strategic Risk engagement and oversight.

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: 

• Lead all aspects of the quarterly Risk Aggregation & Reporting (RAR) process, which centers on use of multiple data sources prioritized by risk category for an assessment of aggregate risk level and enterprise control environment to measure aggregate risk exposure.

• Lead all aspects of maintaining and enhancing the Enterprise Risk Taxonomy, which leverages the primary/covered risk categories in the Enterprise Risk Governance Framework.

• Facilitate identification and integration of data sources (e.g., issues, risk assessments, metrics) for use in determining Aggregate Risk Level and Enterprise Control Environment as part of the RAR process.

• Drive and maintain integration of the Enterprise Risk Taxonomy across risk and governance programs.

• Coordinate periodic reviews and enhancement of risk category detail within the Enterprise Risk Taxonomy.

• Partner within the Risk function and out with business teams to provide guidance and oversight in the identification, assessment, aggregation, monitoring, and reporting of strategic, legal, and reputational risk.

• Develop and present management and committee reporting related to RAR results and insights.

• Manage Tableau reporting for Risk Aggregation status, results, and insights, covering all Tier 1 and Tier 2 Risk Categories (i.e., primary risk categories with associated sub-categories).

• Partner across Risk Pillars and throughout business to ensure aggregated views of risk and control environment are coordinated and understood.

• Ensure all relevant ERM program and RAR process governance documentation outlining risk management methodologies, including the Risk Aggregation & Reporting Procedure, is refreshed in accordance with established requirements or more frequently, as needed.

• Support the Capital team to provide a ‘top risk category’ perspective for scenario development, as needed.

• Perform other duties and/or special projects as assigned.

Qualifications/Requirements:

• Broad-based risk knowledge, ability to identify/assess risks and document mitigating controls.

• Bachelor’s degree, plus 5+ years of work experience in the financial services industry or in lieu of degree, 10 years of financial services experience.

• 3+ years of experience with exposure to risk management within the consumer financial services industry.

• 3+ years of experience collaborating with cross-functional teams.

• 3+ years of successful work in a matrixed environment, leading projects and presenting results to senior leaders.

• Knowledge or willingness to learn data visualization options and utilize for reporting and monitoring of risk aggregation across pillars.

Desired Characteristics: 

• Use of personal influence and credibility to achieve organizational results by collaborating across business functions, sales platforms, and risk pillars/teams.

• Ability to objectively identify and understand how to measure specific areas of risk with associated control environment as well as determine aggregate level and exposure across broader risk categories.

• Capability to effectively challenge and communicate risk and control environment aggregation approach across risk categories, pillars, and the organization.

• Strong written and verbal communication skills.

• Ability to build strong relationships with business partners and to be top of mind when questions arise.

• Proven ability to influence senior management and manage change.

• Ability to be forward-thinking in the ident