AVP - Risk Testing Lead - Financial Services

AVP, Risk Testing Lead

- This position is responsible for conducting key control testing activities of Synchrony to assess compliance with applicable laws and regulations and ensure prompt remediation of control issues.

- The role focuses on engagement planning and execution of testing for controls that mitigate operational, regulatory, and financial risks with an emphasis on testing Credit, Fraud, and AML/BSA.

- 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.

Essential Functions / 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 in any discipline

- Minimum 5+ years in Financial Services industry

- Minimum 2+ years of Audit, Testing, Surveillance or other Quality Assurance function. In lieu of degree, 6+ years of Audit, Testing

- Minimum 3+ years in consumer banking laws and regulations

- Quality or other Assurance function

- Effective written and verbal communication skills

- Experience applying analytical skills and attention to detail

- Proven ability to work independently and meet deadlines

- Proficiency in Microsoft Office Suite applications

Desired Qualifications :

- Minimum 5+ years of Audit, Testing, Surveillance or other Quality Assurance function

- Knowledge of process and systems related to Servicing, Collections, Credit, Fraud, and AML/BSA

- Effective written and verbal communication skills

- Experience applying analytical skills and attention to detail

- Proven ability to work independently and meet deadlines

- Proficiency in Microsoft Office Suite applications

- Demonstrated ability to communicate effectively with various levels of stakeholders

- Relevant industry certifications ; CIA, CISA, CRCM, CAMS, CPA, etc.