VP, Compliance Manager - Credit Bureaus

Job Description:

Role Summary/Purpose:

The VP, Compliance Manager – Credit Bureaus is a key risk management role that works closely with business partners and other members of compliance to ensure business processes and initiatives comply with applicable consumer laws and regulations. This role is responsible for delivering quality results, providing compliance guidance to 1st line partners as a subject matter expert, and executing or participating in various risk management activities. This role will provide compliance support for various processes within Credit & Capital Management and Tech/Ops including Servicing, Collections/Recovery, Customer Solutions and the Operations Support functions, with a specialized focus on 2nd Line oversight of credit bureau furnisher activities, and other requirements under Fair Credit Reporting Act (FCRA). This position is remote, where you have the option to work from home, however travel may be requested on occasion.

Our Way of Working

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:

• Enhance second line of defense compliance governance and credible challenge processes utilizing strategic thought leadership to evolve compliance oversight of credit bureau processes; additional process coverage responsibilities as identified by leadership.

• Serve as a subject matter expert on credit reporting and bureau disputes laws and regulations and lead continued compliance process and control enhancements, communications and execution for supported processes.

• Ensure that the business embeds effective tools, systems and controls for analyzing and monitoring regulatory and operational risks by providing: (i) oversight and expert guidance to first line business owners on risks and appropriate controls; (ii) providing credible challenge of first line risk control self-assessments.

• Review cross functional initiatives with a focus on reducing compliance risks and ensure various functions within the business understand credit bureau requirements and process impacts.

• Identify and lead risk coverage activities through risk reviews and assessments to identify opportunities to reduce thematic risks; targeted compliance reviews and continuous monitoring activities.

• Lead the implementation of new or changing regulatory requirements.

• Evaluate process exceptions and gaps to identify issues and action plans, ensuring to holistically address all compliance requirements, while providing guidance on remediation plans

• Support leadership in the creation and …