VP, Senior Audit Manager - Credit

Dallas, TX

Job Description

Role Summary/Purpose:

The VP, Senior Audit Manager - Credit is primarily responsible for planning and executing Credit audit engagements. This role will be a team member responsible for providing third line of defense coverage of Credit activities and risks, including the end-to-end design and effectiveness of the bank's control environment.

We'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:

  • Contribute to the direction and focus of the Credit, Analytics & Models Internal Audit Team through active engagement in risk assessment, audit planning, and continuous monitoring processes.

  • Lead and perform audits of Credit activities including evaluating underwriting, line management, compliance, governance, credit and fraud strategy, credit risk, models, segmentation, and end-user computing tools.

  • Support detailed process walkthroughs with management, including the identification of process risks and controls.

  • Document clear audit work papers that succinctly articulate purpose, scope, procedures, and conclusions of test work performed

  • Assess inherent, control, and residual risks with a strong understanding of private label credit card processing and associated risks.

  • Draft audit plans, develop audit tests, and lead audit execution. Identifying and assessing the impact of control deficiencies

  • Lead coordination of testing with various audit teams, external auditors, consultants, and Second Line of Defense

  • Track and validate findings/issues to ensure they are appropriately addressed.

  • Prepare high quality audit deliverables including planning memoranda, audit programs, working papers audit issues and reports.

  • Present audit results to various levels of Internal Audit leadership, as well as the audit stakeholders within the organization

  • Ensure Audit Managers have developed and documented clear audit work papers that succinctly articulate the process, risks, controls, test results, and conclusions.

  • Ensure audits conform with professional and departmental standards, budgets, and timelines.

  • Build and maintain strong working relationships with key stakeholders.

  • Lead the research of relevant banking, regulation, reporting, and credit topics.

  • Serve as a credit subject matter advisor and technical resource for the audit department.

  • Maintain internal audit competency through ongoing professional development.

  • Maintain understanding of current and emerging risks within credit card lending.

  • Perform other duties and/or special projects as assigned.

Qualifications/Requirements:

  • Bachelor's degree in accounting, Finance, Business, or an equivalent related field and 10 years of relevant experience in audit, risk management, or financial services.

  • Minimum of 7 years if internal audit experience within financial services (ie consumer banking, credit cards). Proven experience in risk and control theory and professional auditing practices including internal auditing standards and requirements set out by IIA.

  • Currently hold or is actively pursuing CPA, CIA, or other relevant professional certification.

Desired Skills:

  • Minimum 8-10 years working in internal audit or equivalent experience in Big 4 accounting. Knowledge and experience with general purpose and private label credit card products and processing.

  • Knowledge and experience with regulatory risk management requirements and related guidance.

  • Prior experience auditing, examining, or working in a financial/regulatory environment.

  • Experience interacting with regulators and auditors is sternly preferred.

  • Experience leading high-performance teams; coaching and developing talent.

  • Experience working independently on multiple assignments, with minimum supervision, while effectively supporting teamwork and achievement of team objectives.

  • Knowledge and experience in control theory and professional auditing practices.

  • Ability to effectively integrate business, operational, technological, and financial components into audit work performed.

  • Ability to objectively identify problems and recommend solutions to complex control, financial, or technical issues.

  • Understands all relevant business technologies and their impact to the control environment. Strong written and verbal communication skills to deliver to line management high quality, actionable feedback on a variety of audit related issues.

  • Strong analytical, risk management, and problem-solving skills.

Grade/Level: 12

The salary range for this position is 110,000.00 - 185,000.00 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/), 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:

Internal Audit



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Location Dallas, TX (75219)
Job Type Full Time
Company Synchrony
Posted Yesterday