Job Description:Role Summary/Purpose:This role is responsible for supporting the Fair Lending Compliance Program by providing functional fair lending oversight to the Credit and Collections Teams as well as serving as the primary Fair Lending contact for strategic partners. In addition, this role will also participate in the fair lending risk assessment, provide training, develop robust monitoring, and support strategic initiatives. This position is remote, where you have the option to work from home. On occasion we may request for you to commute to our nearest office for in person engagement activities such as team meetings, training and culture events.Our Way of WorkingWe're proud to offer you choice and 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. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.Essential Responsibilities:
Identify fair lending risk through broad-based fair lending knowledge
Provide functional fair lending oversight for Credit and Collections
Support the Fair Lending Program Framework by owning and completing the risk assessment and providing employee training on identification of fair lending risk for the functions and/or processes this role supports
Build strategic relationships within Credit, Collections and client teams to aid in the identification of fair lending risk
Provide ongoing guidance and continuous monitoring to ensure fair lending risk is effectively mitigated in the functions this role supports
Cross-train to perform Model and Consumer Segmentation Tool reviews in Marketing in a surge capacity
Support Strategic Initiatives by integrating with Risk Lead on identifying fair lending risk and suggest enhancements to mitigate risk
Perform other duties and/or special projects as assigned
Qualifications/Requirements:
Bachelor's degree, plus 5+ years of work experience in the financial services industry or in lieu of degree, 10 years of financial services experience
5+ years of experience with exposure to fair lending principles and regulatory hot topics within the consumer credit/private label credit card industry
5+years of coordinating cross-functional teams and/or managing a team
5+ years of successful work in a matrixed environment, leading projects and presenting results to senior leaders
Desired Characteristics:
Industry certification such as Certified Regulatory Compliance Manager (CRCM)
Excellent communication and influencing skills to coordinate with multiple functional areas and independently present explanations of complex subjects to senior management and partner with teams throughout the company
Ability to objectively identify risks, effectively challenge and communicate fair lending risks
Strong written and verbal communication skills
Ability to be forward-thinking in the identification of future risks and work cross-functionally to mitigate identified risks
Grade/Level: 13The salary range for this position is 130,000.00 - 210,000.00 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.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 associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months' time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.Our Commitment:When you join us, you'll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ (https://www.synchronycareers.com/our-culture/#diversity) , with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions.This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.Reasonable Accommodation Notice:
Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time
Job Family Group:Risk Management