VP, Finance Process Governance Leader

Job Description: Role Summary/Purpose: The VP, Finance Process Governance Leader is responsible for leading a team focused on first line of defense process governance, ensuring Finance sub-functions have effective controls in place to mitigate compliance, reporting, and operational risk. This leader is accountable for the overall process governance strategy for all sub-functions across Finance. This role provides expertise for critical first line of defense activities such as process policy governance, risk assessments, issue management, remediation program adherence, and exam readiness. The role will drive stronger preventative controls and simplification throughout Finance processes. Additionally, this role will serve as the primary liaison with cross-functional governance and issue/change management counterparts to ensure that the financial impact and impact to Finance processes is understood and communicated to all Finance teams. 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: Partner with Risk function ensure implementation and compliance with critical to compliance ('CTCs') and Operational Risk requirements Ensure process owners in Finance adhere to Risk and Control Self-Assessment (RCSA) program standards and support RCSA trigger event refreshes Serve as the primary liaison between Finance and any governance requests, questions, comments from outside the function Lead, develop and mentor a team of Finance governance employees, direct and indirect Promote annual surveillance planning, standardization and optimization for Finance Ensure appropriate monitoring and escalation of risk through detective surveillance controls Provide guidance for effective issues management across Finance, ensuring appropriate transparency into issue fixes, timing and escalations. Review functional issue related risk acceptances. Partner with cross-functional counterparts to calculate, review and communicate the financial impact of issues as well as remediation efforts Evaluate the applicability, requirements and the financial impact of any new proposed regulations impacting Synchrony Serve as primary financial SME for the Credit Governance, Growth Governance & Excellence, and Tech and Ops Governance organizations Comply with new Remediation program elements: assign Functional Remediation Coordinator, review and coordinate remediation plan approvals, ensure execution validation and attest to remediation accuracy and completeness. Support Business Development, New Produce Introduction (NPI) and Change Governance processes Consolidate, monitor, and report on Finance process owner identified regulatory and reporting emerging changes and requirements Evaluate effectiveness of KPIs, KRIs, the early warning reports and management dashboards used within Finance and refine as needed Ensure Finance organization maintains a high level of exam/audit readiness and is prepared to effectively execute management action plans ('MAPs'), matters requiring attention ('MRAs') and lead efforts to ensure that MRAs and findings are not repeated Perform other duties and/or special projects as assigned Qualifications/Requirements: Bachelor's Degree with 8+ years relevant management experience in audit, risk, compliance or other governance type work with a strong understanding of Finance processes 5+ years' experience driving process improvements/management Minimum 5 years' experience in Audit, Risk, Compliance, or other governance type of work Minimum 3 years' experience interacting with external financial regulatory agencies Strong working knowledge of Finance compliance requirements Prior experience identifying process risks and defining key controls Desired Characteristics: Deep knowledge of external regulatory and compliance requirements specifically related to Finance Strategic thinker with keen business acuity and decision-making skills Highly effective communicator with demonstrated ability to collaborate cross functionally Experience creating and leading organizational change Proven ability to accomplish goals with highly complex, time sensitive deliverables Problem solver with experience defining, shaping, and influencing strategy Ability to influence across the business at all levels in the organization Strong operational knowledge of operating metrics and processes and the ability to drive value by balancing efficiency and effectiveness measures Grade/Level: 14 The salary range for this position is 150,000.00 - 250,000.00 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). 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: 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 Job Family Group: Finance

Created: 2024-11-02