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VP, Regulatory Change & Inventory Management Lead jobs in United States
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Synchrony · 14 hours ago

VP, Regulatory Change & Inventory Management Lead

Synchrony is a consumer financial services company, and they are seeking a Regulatory Change & Inventory Management Lead. This role is responsible for ensuring compliance with regulatory changes, collaborating with cross-functional teams, and managing regulatory change-related processes to minimize operational risk.
Consumer LendingFinanceFinancial ServicesInsuranceVenture Capital
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Growth Opportunities
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Responsibilities

Onboard a new regulatory horizon scanning vendor; ensure vendor alerts are appropriately tailored to Synchrony’s relevant products, services, and geographies; partner with vendor to fine tune scope as needed
Maintain ongoing vendor relationship, work with vendor as challenges arise with alerts, SLAs, and/or technology challenges, and ensure all vendor information is appropriately maintained in the company’s vendor system of record
Support continuous improvement initiatives to enhance regulatory change management processes and tools
Lead efforts to document regulatory change and inventory management processes updating or creating procedures, job aids, and process flows as warranted
Serve as the Compliance procedure contact for the company’s Law Monitoring, Early Warning, and Compliance Change Control Procedures; ensure the procedure remains current and socialize material changes with impacted stakeholders as needed
Ability to own/lead a process, including documenting associated risks and controls in alignment with the company’s Risk & Control Self-Assessment (RCSA) Program expectations
Develop regulatory change-related reporting; develop Key Risk and/or Key Performance Indicators (KRI/KPIs) and partner with Compliance Reporting and Risk Analytics teams to develop dashboards and incorporate relevant reporting into Compliance Sub-Committee materials
Lead monthly discussion forums designed to improve socialization of actionable regulatory changes across Legal, Compliance and impacted business stakeholders
Develop and deliver regulatory change system- and process-related training and communication materials to relevant stakeholders, including Compliance Risk Oversight subject matter experts (SMEs), to ensure awareness and adherence
Collaborate with Legal and Compliance SMEs to develop, implement and maintain a Style Guide to improve 'Critical to Compliance (CTC)' and 'Critical to Quality (CTQ)' obligations housed within the company’s regulatory inventory; ensure ongoing quality assurance against Style Guide standards
Develop a multi-year road map to gradually uplift existing CTC/Qs to align to Style Guide standards; partner with RCSA leadership to coordinate uplift efforts with ongoing updates to RCSAs
Participate in periodic internal audit and regulatory examinations as it pertains to both Regulatory Change and Inventory Management-related processes, reports, and activities to the extent they have inquiries
Participate in external forums to obtain insight into industry best practices
Assist with other duties & functions, as needed

Qualification

Regulatory change managementCompliance risk managementVendor managementConsumer financial servicesProcess improvementData reportingMicrosoft applicationsArtificial intelligenceCertified Regulatory Compliance ManagerOrganizational skillsTime managementStrategic thinkingCollaborationCommunication skills

Required

5+ years of consumer financial services within a consumer financial institution with Bachelor's degree; in lieu of a degree 9+ years in consumer financial services
3+ years experience with regulatory change and inventory management process, tools, and technology
5+ years of experience with compliance and/or risk management in consumer financial services
Experience working independently on multiple deliverables with minimal supervision while effectively supporting teamwork and achievement of team objectives
Ability and flexibility to travel for business as required

Preferred

Familiarity with the U.S. federal and state law/rulemaking (legal experience as an attorney or paralegal is a plus, but not required)
Excellent organizational and time management skills
Comfortable working in a dynamic environment; able to pivot quickly and manage change effectively
Strategic thinker who can identify problems and/or efficiency opportunities, recommend a course of action (soliciting stakeholder input as needed), and independently drive enhancements in an efficient and proactive manner
Ability to build strong, collaborative relationships and become a trusted partner with cross-functional teams (Compliance, Legal and the first line of defense)
Strong written and verbal communication skills – attention to detail is critical; ability to synthesize complex or voluminous content into succinct, executive and Board-level messaging and presentations with senior management support
Proficient in Microsoft applications, including Excel, PowerPoint and Word; familiarity with eGRC, SharePoint, and Tableau
Understanding of how to effectively leverage artificial intelligence to drive operational efficiencies
Certified Regulatory Compliance Manager (CRCM) or similar certification

Benefits

Eligible for an annual bonus based on individual and company performance

Company

Synchrony

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Synchrony is a consumer financial services company.

Funding

Current Stage
Public Company
Total Funding
$500M
2024-02-15Post Ipo Equity· $500M
2014-08-01IPO

Leadership Team

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Brian Doubles
President & CEO
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Raj Deol
SVP, Sam’s Club Marketing Leader
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Company data provided by crunchbase