Principal Sponsor Bank Oversight and Governance

Bread Financial•Chadds Ford Township, PA

3d•Hybrid

About The Position

The Principal, Sponsor Bank Oversight and Governance, is responsible for managing the end-to-end Sponsor Bank program and ensuring all processes adhere to established policies, standards, and procedures. Serving as the first line of defense, this role partners closely with Enterprise Risk Management and Relationship Management to design and maintain a robust governance framework. Key areas of focus include control reporting, risk and control assessments, partner due diligence, and continuous monitoring of Sponsor Bank activities to ensure compliance and operational integrity.

Requirements

High School Diploma or GED
12+ years of experience in Governance, Compliance, Consumer Lending, or Internal Audit.

Nice To Haves

Bachelor’s Degree in Finance, Economics, Business Administration, Data & Analytics, Risk Management, Accounting or related field of study or equivalent, relevant work experience
Certified Regulatory Compliance Manager (CRCM)
Accredited Payments Risk Professional (APRP)
13+ years of experience in Governance, Compliance, Consumer Lending, or Internal Audit.
5+ years of direct leadership experience
Skills
Strategic Planning
Business Relationships
Bank Regulations
Consumer Regulations
Data Reporting
Problem Solving
Consumer Regulations
Regulatory Management

Responsibilities

Manage governance and oversight through control reporting, ongoing monitoring, risk and control testing, process mapping, and ensuring Sponsor Bank functions align with policies and regulatory guidance.
Build and maintain strategic relationships across teams and stakeholders, fostering collaboration and trust. Champion compliance with bank policies and regulatory standards. Communicate complex information clearly, influencing decisions to ensure transparency and alignment with organizational objectives.
Develop and maintain oversight monitoring, reporting, and critical documentation for consistency and review by key stakeholders and senior leadership.
Proactively assess and anticipate emerging risks within the Sponsor Bank program, leveraging data-driven insights to prioritize critical exposures. Design and implement comprehensive mitigation strategies aligned with organizational objectives and regulatory expectations and lead cross-functional execution to ensure timely resolution and long-term risk resilience.
Manage vendor due diligence during partner onboarding for the Sponsor Bank program.

Benefits

Bread Financial offers medical, prescription drug, dental, vision, and other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long-term disability) to eligible associates (regular full-time associates scheduled to work 30 hours per week or more) and their spouses/domestic partners, and child(ren) under the age of 26.
New associate elected coverage begins on date of hire (with the exception of disability coverage which has a 6-month waiting period).
Six weeks of 100% paid parental leave for eligible parents is available after a 180-day waiting period.
Hired associates can immediately enroll in Bread Financial’s 401(k) plan.
All associates receive 11 paid holidays.
Associates have discretion in managing their time away from work through the Flexible Time Off (FTO) program and may need to notify and receive approval from their manager prior to taking the time off.
Associates (except those located in Illinois) receive 80 hours of Paid Sick and Safe Time (“PSST”) upon hire and at the beginning of each subsequent calendar year.
Illinois associates receive 40 hours of Illinois PSST upon hire and at the beginning of each subsequent calendar year and 40 hours of Illinois Paid Leave upon hire and at the beginning of each subsequent calendar year.
Illinois Paid Leave must be used before associates in Illinois will be approved to take FTO.
Hired associates will be able to elect the purchase company stock during offering periods in June and December.
You will be eligible for an annual incentive bonus based on individual and company performance.