Synchrony Financial

VP, Enterprise Risk

Stamford HubFull timeVpPosted 13 days ago
Apply on Synchrony Financial →

Sign into see who you know at Synchrony Financial.

Role Summary / Purpose:This Vice President, Enterprise Risk role is a key member of the Enterprise Risk Management (ERM) team. Primary responsibilities include managing execution of the enterprise-wide Risk Appetite Statement (RAS) program and planning, coordinating, and tracking of the Risk function budget. The role also leads the development, implementation, and ongoing oversight of the Enterprise Metric Policy. In addition, the role supports other core ERM processes, including the Enterprise Risk Assessment (ERA), Risk Aggregation & Reporting (RAR), and risk oversight of Strategic Initiatives.Essential Functions / Responsibilities:Lead all aspects of the Risk Appetite Statement (RAS) program, which centers around defining risk tolerance across risk categories/pillars and establishing risk limits to monitor and measure performance relative to the enterprise risk appetite.Lead the development, implementation, and ongoing oversight of the Enterprise Metric Policy, including defining policy requirements, establishing governance and controls, and monitoring adherence across risk pillars and relevant business/governance stakeholders.Facilitate periodic review, update, and approval of the Risk Appetite Statements in partnership with risk pillars and relevant stakeholders.Advise risk pillars on structuring and designing risk metrics, including Risk Appetite Limits (RALs), Escalation Triggers (ETs), Front Line Triggers, and other Key Risk Indicators (KRIs).Ensure risk limits, where feasible, function as forward-looking, leading risk indicators and provide effective early-warning indication of elevated risk.Develop accurate and timely Risk Appetite performance reporting (including committee materials), ensuring breaches are documented, actioned, tracked, and escalated in accordance with governance requirements.Manage the Workiva platform for the RAS program; leverage Workiva to coordinate data collection/review and perform automated controls for quarterly RAS reporting.Enhance control oversight by executing quality control reviews and documenting data sourcing and data accuracy controls supporting RAS metric outputs.Maintain RAS governance documentation and controls (e.g., non-model tool inventory/documentation, procedures, data dictionary, job aids) and ensure Workiva-related IT requirements are met.Communicate RAS changes to business leaders in a timely manner and refresh all RAS governance documentation at least annually (or more frequently, as needed).Partner across Risk Pillars and the broader business to ensure an aggregated enterprise view of risk is coordinated, aligned, and understood.Lead the review and annual submission of the Risk Management Operating Plan and Functional Budget.Develop reporting for the Risk Functional Budget, including tracking project expenses and headcount.Support Risk team accounts payable activities (e.g., cost center approver updates, point of contact for cost center use, purchase orders, and invoice tracking).P...