Principal Sponsor Bank Oversight and Governance, Bread Financial

• High School Diploma or GED
• 12+ years of experience in Governance, Compliance, Consumer Lending, or Internal Audit
• Strategic Planning
• Business Relationships
• Bank Regulations
• Consumer Regulations
• Data Reporting
• Problem Solving
• Regulatory Management

Desirable

• 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
• 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. - (30%)
• 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. - (20%)
• Develop and maintain oversight monitoring, reporting, and critical documentation for consistency and review by key stakeholders and senior leadership. - (20%)
• 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. - (15%)
• Manage vendor due diligence during partner onboarding for the Sponsor Bank program. - (15%)
• Reports To: VP and above