VP, IT Supplier Management
About The Position
Role Summary/Purpose: Responsible for managing the complete lifecycle (onboarding-monitoring-offboarding) for Operations suppliers. Develops and implements comprehensive supplier monitoring plans which include process metrics, SLAs, risk & issue management, and quality requirements ensuring adherence to SYF Supplier management standards. Responsible for establishing and maintaining relationships with operations functional stakeholders/leadership and respective supplier aligned to Operations. Works collaboratively with Sourcing and TechOps business leaders to lead strategic discussions for the specific needs of each TechOps subfunction. Leads and partners with Operations functional leadership, Sourcing and Legal teams for contract management and to achieve the strategic goals set for the year. Identifies and implements continuous improvements for key supplier management processes. Our Way of Working We’re proud to offer you flexibility. At Synchrony, our way of working allows you the option to work from home near one of our Hubs or come into one of our offices. Occasionally, you will be required to commute or travel for in person engagement activities such as business or team meetings, training and culture events.
Requirements
- Bachelor’s degree in any discipline with 7+ years of relevant work experience or in lieu of degree, minimum 10 years of Financial Industry experience
- Minimum of 5 years of People Management experience
- Experience with Operations function and/or supplier management processes
- For Internal Applicants: Understand the criteria or mandatory skills required for the role, before applying.
- Inform your Manager or HRM before applying for any role on Workday.
- Ensure that your Professional Profile is updated (fields such as Education, Prior experience, Other skills) and it is mandatory to upload your updated resume (Word or PDF format)
- Must not be any corrective action plan (First Formal/Final Formal, PIP)
- Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible.
- Ability and flexibility to travel for business as required
- Legal authorization to work in the U.S. is required.
- 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.
Nice To Haves
- Experience building and managing large multi-million dollar vendor contracts
- Knowledge of Synchrony Financial Applications platforms, products, functions and current vendors.
- Experience working in a regulated industry.
- Experience working with auditors and regulators such as the Federal Reserve, OCC, and FDIC
- Additional auditing qualifications (such as CIA, CISA, or CFSA) and understanding of internal audit requirements, as set out by IIA and BIS
- Deep understanding of general IT controls, application controls, and change audit methodologies, as well as industry accepted standards (i.e. COBIT, ISO)
- Working knowledge of current financial services technologies
- Strong analytical and negotiation skills
- Strong eye for detail & ability to root cause
- Strong oral and written communication, presentation, interpersonal, and facilitation skills
- Strong team building skills and the ability to work effectively across teams.
- Strong Process orientation and ability to identify control gaps and test controls for effectiveness
Responsibilities
- Complies with all Synchrony Supplier Risk Management Program Requirements
- Accountable for the entire lifecycle of the suppliers inclusive of monitoring/evidencing requirements
- Benchmark and identify industry best practices to implement continuous process improvements for key supplier management processes & workflows.
- Builds & maintains strong relationships with suppliers & implement oversight & governance plans to effectively monitor metrics, SLAs and quality of service delivery.
- Ensures ongoing oversight and maintenance of program documentation as required.
- Lead onsite assessments for suppliers where necessary
- Leads a program to ensure review of all contractual monitoring documentation (FFIEC, SSAE16, and audit). Summarizes and communicates findings to the team.
- Performs supplier oversight & management activities, including regular follow-up/completing necessary documentation.
- Partner with Operations leadership and Sourcing to develop and implement strategic supplier roadmap
- Identifies and tests risks & controls with a goal of mitigating 3rd party risk exposure.
- Participates & Leads in Contract Negotiations and RFX events
- Acts a 1st line of defense ensuring that Supplier Management processes & controls are effective.
- Participate and/or Lead Tech&Ops initiatives
- Coaches & Mentors other members of Supplier Management team
- Perform other duties and/or special projects as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
