Essential Responsibilities
- Strategic Leadership: Assess current state approach to ABAC and develop a strategic multi-year roadmap including org design, technology needs and outsourcing relationships to meet the program needs and regulatory requirements.
- Risk Owner: Serve as the Company Risk Owner for ABAC, responsible for designing, deploying and overseeing the ABAC program (including Conflicts of Interest, third party management and gifts/hospitality), to meet regulatory expectations as well as aligned to the company’s risk management priorities.
- Control Ownership:
- Third party management: Partner with the DT, Commercial and Sourcing functions to embed automated controls/ workflows to facilitate commercial intensity and support stronger governance.
- Third party diligence: Lead the team that are responsible for reviewing/ escalating due diligence screening alerts and develop standard procedures for alert resolution.
- Conflicts of Interest: Manage the global COI policy, process, and tool, and oversee the review team that will assess disclosures in partnership with management, legal and HR.
- External Fraud investigations: Partner with Cyber, Sourcing and Commercial teams to conduct external payment fraud investigations, including root cause analysis and remediation of fraud events.
- Ongoing Monitoring Strategy: Partner with the Compliance Data Analytics & Monitoring organizations to develop a robust data-driven monitoring program and corresponding KPIs, KRIs to meet regulator expectations and address ABAC risk.
- Reporting & Metrics: Lead development of dashboards, metrics, analytics and reporting packages to provide continuous business insights and stronger governance.
- Governance: Establish strong governance/oversight over the business operations including: defined escalation criteria, risk measurements and program effectiveness to ensure transparency to key business stakeholders.
- Regulatory Requirements: Stay abreast of developments in ABAC (relevant to our industry) and ensure program compliance globally. Monitor legal and enforcement trends to recommend and implement proactive compliance measures.
- Training: Partner with Compliance Training Leader to develop relevant and engaging content for higher-risk employees related to ABAC.
- Technology: Lead the development and implementation of technology solutions for ABAC compliance (including third party risk management and integrated workflows for COI/gifts/hospitality) to enhance efficiency and effectiveness.
- Cross-functional Collaboration: Partner with key functions (e.g., internal audit, EHS, Cyber, Finance) to drive an integrated, enterprise-level approach to risk management.
- External vendor relationships: Conduct industry benchmarking and establish/maintain outsourcing relationships necessary to address organizational needs.
- Build out COE capabilities: Establish goals, accountability measures, needs and staffing to support centralized ABAC compliance risk strategy.
- Team Leadership & Development: Lead, train and mentor a team of ABAC risk management professionals, creating professional development pathways for the team to work on high impact projects in support of the functional goals.
Qualifications/Requirements
- Extensive years of experience in ABAC, third party risk management, compliance or fraud, with a demonstrated ability to develop and implement compliance programs in a multi-national organization.
- Significant years of experience managing teams and programs, with a focus on risk management and driving enterprise-wide initiatives.
- Experience managing regulatory issues and the development risk management approaches (including governance) to address regulatory expectations.
- Deep domain knowledge in key compliance risk areas (e.g., the Foreign Corrupt Practices Act, the UK Bribery Act, turnkey projects, third party risk management)
- Proven experience partnering with compliance, legal, audit or similar organizations to address risk.
- Exceptional communication and executive presentation skills, with the ability to influence and align stakeholders.
- Demonstrated success in cross-functional collaboration and building enterprise-wide capabilities for improved risk management.
- Strong problem-solving skills with a balance of strategic vision and hands-on execution.
- Ability to manage multiple workstreams in a global environment, set priorities and drive tasks and projects to conclusion in a fast-paced environment.
Desired Characteristics
- Relevant industry certifications (CFE, ACAMS etc.)
- Juris Doctor (JD) or Bachelor of Law Degree from an accredited law school
- Applied risk management concepts/frameworks (e.g., COSO, ISO etc.) in similar companies.
- Strong understanding of third-party management lifecycle and associated risks.
- Pragmatic, action oriented and able to operate in a fast-paced environment.
- Strong analytical, interpersonal and leadership skills with orientation toward process improvement
- Proficiency in tools like Microsoft Excel and Powerpoint.
- Solid judgment, clear thinker and business sense
- Ability to create an environment of continual learning, and to change the way the compliance is working to be simpler and more adaptive.
- Ability to work horizontally to deliver outcomes.
For U.S. based candidates only, for purposes of complying with U.S. pay transparency requirements:
The salary range for this position is $170,000 to $350,000 USD. The specific pay offered may be influenced by a variety of factors including the candidate’s geographic location, experience, education, skill set, and work location. This position is also eligible for variable incentive compensation and equity. Benefits include health and additional benefits.
Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling, and referral services. Retirement benefits include the GE Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness.
General Electric Company, Ropcor, Inc., their successors, and in some cases their affiliates, each sponsor certain employee benefit plans or programs (i.e., is a “Sponsor”). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor’s welfare benefit plan or program. This document does not create a contract of employment with any individual.
If contracted in the UK:
Applications from job seekers who require sponsorship to work in the UK are welcome and will be considered alongside all other applications. However, non-EU/EEA candidates may not be appointed to a post if a suitably qualified, experienced and skilled EU/EEA candidate is available to take up the post, as the employing body is unlikely, in these circumstances, to satisfy the Resident Labour Market Test. For further information please visit the http://www.ukba.homeoffice.gov.uk/visas-immigration/working - UK Border Agency website.
Additional InformationGE Vernova offers a great work environment, professional development, challenging careers, and competitive compensation. GE Vernova is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
GE Vernova will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
Relocation Assistance Provided: No
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GE Vernova is a planned purpose-built company on a mission to electrify the planet while simultaneously working to decarbonize it.
If we want our energy future to be different…we must be different.
Our mission is embedded in our name. We retain our treasured legacy, “GE,” in our name as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy that GE Vernova will help deliver.
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