Synchrony · 5 hours ago
VP, Supplier Due Diligence & Monitoring Leader
Synchrony is a leading financial services company, and they are seeking a VP, Supplier Due Diligence & Monitoring Leader to oversee their Supplier Due Diligence & Monitoring team. This role involves driving supplier due diligence and ongoing monitoring processes to ensure regulatory compliance and operational excellence while collaborating with various teams across the organization.
Consumer LendingFinanceFinancial ServicesInsuranceVenture Capital
Responsibilities
Lead the Supplier Risk Evaluation & Monitoring team by providing leadership, guidance, and support to a team of supplier evaluation specialists, and leaders, to manage adherence to the Supplier Risk Management program for third party relationships across the bank
Drive the maturation ongoing monitoring activities to ensure regulatory compliance and operational excellence with a focus on simplification
Deliver timely and thorough program documentation (internal procedures and external facing job aids for Program Participants), training on ongoing monitoring expectations for Supplier Managers to promote consistent and disciplined execution
Oversee execution of due diligence activities in collaboration with Supplier Evaluation Specialists across multiple risk disciplines
Partner with Functional Quality Assurance teams to support surveillance execution and testing
Develop and maintain a comprehensive, data-driven oversight, identification of emerging and escalation framework aligned with regulatory standards for supplier risk management
Collaborate with governance and control functions including Legal, Compliance, Operational Risk, Internal Audit, and Source to Pay partners to ensure program alignment and compliance
Collaborate with the Technology Solution Admin team to develop business requirements related to enhancing, simplifying, and innovating on the Evaluation and Ongoing Monitoring portions of the Program
Ensure supplier risk management activities align with the Bank’s strategic vision, controllership, and execution strategy while continuously driving process improvements
Perform other duties and/or special projects as assigned
Qualification
Required
Bachelor's or Master's degree in compliance or risk management-related fields (e.g., Business Management, Juris Doctor, Risk Management, or Supply Chain Management)
Minimum 10 years of experience in a Compliance or Risk leadership role with a proven track record of effective leadership, including coaching, mentoring, and performance development
Ability and flexibility to travel for business as required
Preferred
Strong preference for certification such as Certified Regulatory Vendor Program Manager (CRVPM) or equivalent
Proven experience partnering, collaborating, and influencing across a large multilayered organization at all levels
Deep experience in regulatory compliance, second line oversight functions, vendor resiliency, exam and audit exposure, risk and issue management, and supplier compliance testing
Strong working knowledge of regulatory guidance pertaining to third-party compliance risk and risk control programs
Experience in developing business requirements for Technology Solutions to support Program enhancements, with a focus on simplification
Excellent interpersonal and communication skills, with the ability to engage and present effectively at all organizational levels
Quick decision making and problem-solving skills, able to execute and prioritize multiple large Enterprise projects
Experience with financial services regulatory expectations and have led a supplier management program
Action and detail-oriented, excellent organization and prioritization skills
Demonstrate strong compliance risk management mindset and behavior
Strong presentation and communication skills and experience interacting with senior business executives
Strong analytical and critical thinking skills; the ability to effectively communicate workflow processes and policies with vendors will be an added advantage
Team player in fast-paced, high-energy environment
Ability to innovate and find creative solutions to meet business goals
Demonstrated success in managing time in a varied and high pressure work environment
Project Management and process improvement experience
Company
Synchrony
Synchrony is a consumer financial services company.
Funding
Current Stage
Public CompanyTotal Funding
$500M2024-02-15Post Ipo Equity· $500M
2014-08-01IPO
Recent News
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