Synchrony

SVP, Technology - Governance

Synchrony$235K — $390K *
Information Technology
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree with 15+ years relevant management experience
  • 10+ years' experience leading governance teams and creating a risk culture
  • Minimum 5 years' experience interacting with external financial regulatory agencies
  • Strong knowledge of collections, customer service, and fraud compliance requirements
  • Prior experience identifying process risks and defining key controls
  • Deep knowledge of regulatory and compliance requirements in Technology, Collections, Operations, and/or Fraud
  • Governance leadership experience in Technology and/or Operations

Responsibilities

  • Leads and develops governance professionals within Technology
  • Executes a risk-based governance structure to enhance risk management culture
  • Oversees Tech Issues Governance for comprehensive reporting and updates
  • Implements improvements in Issues Management through aggregation and root cause analysis
  • Drives governance of operational resiliency processes globally
  • Provides leadership for Technology Risk Strategy and Program Delivery
  • Interfaces with regulators on exams and supervises regulatory compliance

Benefits

  • Flexible work options including remote work and in-office engagement
  • Participation in an Annual Incentive Plan and equity opportunities
Full Job Description
Role Summary/Purpose:

The SVP, Technology Governance Leader will report to the EVP, Chief Technology Officer, and is accountable for the overall process governance strategy for all sub-functions across Technology. This SVP role provides thought leadership and expertise to a team responsible for critical first line of defense governance functions including centralized leadership for process and policy governance, reporting, process risk assessments, surveillance standardization, exam, audit and testing readiness.

Additionally, the SVP will evolve Technology's end to end control strategies, framework, and solutions driving stronger preventative controls, simplification and automation that directly control and limit losses due to internal control failures

Essential Responsibilities:
  • Leads and develops professionals responsible for first line of defense governance activities within Technology
  • Executes an effective risk-based governance structure for Technology including establishing or strengthening preventative and detective controls to drive risk mitigation throughout the function which facilitate a strong risk management culture
  • Oversees the Tech Issues Governance process and produces monthly and quarterly issue management reporting for Tech SLT and regulatory updates
  • Drives improvements in Issues Management processes across Technology, ensuring aggregation, reporting, trending, and escalation to the SLT. Drives root cause analysis processes to support leaders across Technology.
  • Responsible for driving the process, risk and governance of operational resiliency.
  • Responsible for Technology Risk Strategy & Program Delivery globally, providing leadership and direction to governance activities such as SOX, PCI, Software Governance and Controllership
  • Builds relationships with Regulators and interfaces on regulatory exams and managing supervisory activities, in partnership with Supervisory Affairs
  • Monitors the regulatory landscape to ensure compliance with regulatory and FFIEC guidelines
  • Promotes external benchmarking in areas of risk assessment, surveillance, and remediation to ensure Technology maintains a sustainable governance program
  • Leads change control efforts across Technology
  • Oversees annual testing, audit, exam and other 3rd party reviews across Technology, ensuring the function 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
  • Partners with 2nd and 3rd lines of defense to ensure sufficient control environment
  • Supports other projects and responsibilities as assigned.


Qualifications/Requirements:
  • Bachelor's Degree with 15+ years relevant management experience
  • 10+ years' experience leading governance teams and creating a risk culture
  • Minimum 5 years' experience interacting with external financial regulatory agencies
  • Strong working knowledge of collections, customer service, and fraud compliance requirements
  • Prior experience identifying process risks and defining key controls
  • Deep knowledge of external regulatory and compliance requirements specifically related to Technology, Collections, Operations and/or Fraud
  • Governance leadership across Technology and/or Operations org previously
  • Ability and flexibility to travel for business as required


Desired Characteristics:
  • MBA or equivalent advanced degree
  • Strategic thinker with keen business acuity and decision-making skills
  • Experience creating and leading organizational change
  • Proven ability to accomplish goals with highly complex, time sensitive deliverables
  • Proven experience creating and driving customer processes
  • Problem solver with experience defining, shaping, and influencing strategy
  • Ability to influence across the business at all levels in the organization
  • Excellent people leadership skills and a proven track record of developing high potential talent
  • Skilled communicator at all levels inside and outside an organization
  • Strong operational knowledge of operating metrics and processes and the ability to drive value by balancing efficiency and effectiveness measures
  • Ability to demonstrate innovation and creative approaches to business priorities


Grade/Level: 16

The salary range for this position is 235,000.00 - 390,000.00 USD Annual. This position is also eligible for an Annual Incentive Plan target of 30% of salary and an Annual Equity target of 30% of salary.

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.

Our Way of Working:

We're proud to offer you 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. You will be required to commute to your nearest Hub (either virtual or physical) for in-person engagement activities such as regular business or team meetings, training and culture events.

*Field Sales and some Commercial team roles may have varied location requirements based upon partner obligations or preferences.

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).


Job Family Group:
Information Technology

About Synchrony

Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®.
Learn more about Synchrony
Size
18,000 employees
Market Cap
$14.4 billion
Industry
Net Income
$1.3 billion
Founded
1993
5 Year Trend
+0.7%
NASDAQ

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