AVP, Audit Manager - Credit

Job Description:

Role Summary/Purpose:

This position reports into the VP, Senior Audit Manager - Credit, responsible for providing independent and objective assessment of credit and fraud practices and controls over the Company’s Credit function. This role will be a team member responsible for providing third line of defense coverage of credit and fraud activities and risks, including the end-to-end design and effectiveness of the control environment.

We are proud to offer you choice and flexibility. You have the option to be remote, and work from home, or come into one of our offices. You may be occasionally requested to commute to our nearest office for in person engagement activities such as team meetings, training, and culture events. Remote candidates will be considered who live near any Synchrony hub including  Draper, UT, Alpharetta, GA, Chicago, IL, Stamford, CT, New York, NY, or Charlotte, NC.

Essential Responsibilities:

• Contribute to the direction and focus of the Credit, Analytics & Models Internal Audit Team through active engagement in risk assessment, audit planning, and continuous monitoring processes.

• Lead and perform audits of Credit activities including evaluating underwriting, line management, compliance, governance, credit and fraud strategy, credit risk, segmentation, and end-user computing tools.

• Draft audit plans, develop audit tests, and lead audit execution. Identifying and assessing the impact of control deficiencies   

• Support detailed process walkthroughs with management, including the identification of process risks and controls.

• Prepare high quality audit deliverables including planning memoranda, audit programs, working papers audit issues and reports.

• Ensure clear audit work papers that succinctly articulate the process, risks, controls, test results, and conclusions.

• Present audit results to various levels of Internal Audit leadership, as well as the audit stakeholders within the organization.

• Track and validate findings/issues to ensure they are appropriately addressed.

• Lead coordination of testing with various audit teams, external auditors, consultants, and Second Line of Defense.

• Ensure effective and efficient execution of audits in conformance with professional and departmental standards, budgets, and timelines.

• Ensure audits conform with professional and departmental standards, budgets, and timelines.

• Maintain high awareness of economic, regulatory, and business risks and issues, taking actions to assure required adjustments to risk assessments, audit plans, and audit programs.

• Maintain effective working relationship with key business stakeholders.

• Research relevant banking, regulation,  credit, fraud, and operational topics.

• Maintain technical subject matter internal audit competency through ongoing professional development.

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

Qualifications/Requirements:

• Bachelor’s degree in finance, business, or equivalent related field.  In lieu of relevant bachelor’s degree, 7+ years’ experience in audit, or related field.

• 3+ years in Internal Audit with preference expertise in the Financial Service sector.

• Knowledgeable and experienced in control theory and auditing practices in a financial/regulatory environment.

• Familiarity with regulatory guidance (OCC, Federal Reserve, and CFPB) pertaining to risk governance, operational and credit risk management, retail credit products, and consumer compliance.

• Demonstrate verbal and written ability to articulate the business objectives, business risk, processes, and controls.

Desired Characteristics:

• Currently holds or is actively pursuing CPA, CIA, or other relevant professional designation/association.

• Ability to understand cross-functional impact of business decisions including operational, compliance and information technology risks.

• Ability to objectively identify problems and recommend solutions to complex control, financial, or technical issues.

• Able to work independently on multiple assignments while effectively supporting teamwork and achievement of team objectives.

• Strong analytical including risk management, data analysis, and problem-solving skills.

Grade/Level: 10

The salary ran