AVP, Risk Testing Lead

Job Description:

Role Summary/Purpose:

This position is responsible for conducting control testing activities of Synchrony Bank (“SYB”) and Synchrony Financial (“SYF”) to assess compliance with applicable laws and regulations, internal policies and procedures and ensure prompt remediation of control deficiencies. The role focuses on engagement planning and execution of testing for controls that mitigate operational, regulatory, and financial risks. Control testing is an independent 2nd line assurance process that, together with 1st line business surveillance and 3rd line independent audit, make up the three lines of defense that are the cornerstone of an effective control framework.

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:

• Develop and execute control testing to ensure that key risks are mitigated.

• Document detailed test results to reperformance standards and meet required deadlines.

• Identify control gaps and potential issues, discuss viable solutions with the business to address gaps, and obtain management action plans for remediation.

• Communicate test results to leaders and other stakeholders throughout the business and provide periodic updates regarding status of testing activities.

• Provide effective challenge to the business regarding the assessment of risks and controls.

• Influence stakeholders and process owners to implement necessary process and control modifications to mitigate operational, regulatory, and financial risks.

• Provide guidance to process owners regarding key risks and mitigation strategies.

• Perform other duties and/or special projects as assigned

Qualifications/Requirements:

• Bachelor’s degree and 3+ years of Audit, Testing, Quality or other Assurance function; in lieu of a degree 7+ years of Audit, Testing, Quality or other Assurance function

• 3+ years in banking laws and regulations

• Ability to travel up to 10% of the time

Desired Characteristics:

• Experience applying analytical skills and attention to detail (knowledge of SAS and Tableau a plus)

• Effective written and verbal communication skills

• Proven ability to work independently and meet deadlines

• Experience using Synchrony’s systems of record, data warehouses or other applications utilized for credit, deposit and lease products

• Experience in Marketing/Growth and Client Development  

• Proficiency in Microsoft Office Suite applications

• Relevant Industry Certifications - CIA, CISA, CRCM, CAMS, CPA, etc.

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:

• 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).