Role Summary/Purpose:
This position reports into the VP, Internal Audit Growth & Risk Management who is responsible for providing independent and objective assessment of risk management practices, governance, and controls over the Company's Risk and Growth functions. This role is primarily responsible for the execution of audit engagements that entail the review, testing, analysis, and conclusion over the design and effectiveness of the bank’s control environment, continuous monitoring activities and validation of corrective actions.
Essential Responsibilities:
- Contribute to the direction and focus of the Internal Audit team's activities through active engagement in risk assessment, audit planning, and continuous monitoring processes.
- Conduct testing to independently assess the design and operating effectiveness of controls that mitigate key risks.
- Actively participate in complex audit engagements where multiple testers or other teams are involved; Manage the completion of testing milestones/tollgates according to required timeframes.
- Identify and assess the impact of control deficiencies, including communication to key stakeholders.
- Prepare high quality audit deliverables including planning memorandum, discovery documentation, working papers, drafts of audit issues, and audit reports.
- Ensure effective and efficient execution of audits and other audit activities in conformance with professional and departmental standards, budgets, and timelines.
- Maintain high awareness of emerging risks, regulatory environment, and business risks and issues, taking action to assure required adjustments to risk assessments, audit plans, and audit programs.
- Maintain effective working relationships with key business stakeholders.
- Research relevant banking, regulation, risk management, and operational topics within the industry.
- Maintain technical subject matter internal audit competency through ongoing professional development.
- Perform other duties and/or special projects as assigned
Qualifications/Requirements:
- Bachelor’s degree in finance, business, or equivalent related field. In lieu of relevant bachelor’s degree, 9 years’ experience in audit, or related field.
- Minimum experience of 5 years in Internal Audit, with preferred expertise in the Financial Services sector.
- Knowledgeable and experienced in control theory and auditing practices in a financial/regulatory environment.
- Experienced with regulatory guidance (OCC, Federal Reserve, and CFPB) pertaining to internal controls, risk management, and consumer compliance.
- Demonstrate highly proficient verbal and written communication skills, with ability to articulate the business objectives, business risk, processes, and controls.
- Ability and flexibility to travel for business as required
Desired Characteristics:
- Currently holds or is actively pursuing CPA, CIA, or other relevant audit or compliance professional designations.
- Ability to understand cross-functional impact of business decisions including operational, compliance and information technology risks.
- Ability to objectively identify problems and recommend solutions to complex control, financial, or technical issues.
- Able to work independently on multiple assignments while effectively supporting teamwork and achievement of team objectives.
- Strong analytical including data analysis, risk management, and problem-solving skills
- Working knowledge of general banking/consumer finance policies, procedures, and operations in addition to banking products/services
Grade/Level: 11
The salary range for this position is 90,000.00 - 155,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.
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 asso