AVP, Credit Risk Oversight

Synchrony•Lyons, IL

3d•Hybrid

About The Position

Partner with Credit and Portfolio stakeholders to provide credit risk oversight on the entire credit lending and product development lifecycle of the PayPal and Venmo portfolios which includes: assessment of credit risks in new strategies and changes to existing strategies, new products and offers, immaterial/material changes into the program agreement, validation of existing credit and fraud strategies and identify portfolio emerging risk. Outcomes are provided to stakeholders across the Credit and Fraud Strategy and Portfolio Credit teams. 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.

Requirements

Bachelor’s Degree AND 4+ years’ experience in a consumer credit/risk analytics role; OR, in lieu of Bachelor’s degree, 7+ years’ experience in consumer credit/risk analytics role.
3+ years’ experience with SAS/SQL or other transferable logic based programming.
Strong oral and written communication skills with impact and influence.
Strong understanding of the consumer credit lending lifecycle and card programs.
Ability and flexibility to travel for business as 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.
New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months’ time in position before they can post.
All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).
Legal authorization to work in the U.S. is required.
We will not sponsor individuals for employment visas, now or in the future, for this job opening.

Nice To Haves

Bachelor’s Degree in a STEM related or Business field.
MBA or Master’s degree in a STEM field.
Demonstrated ability to manage multiple projects, organize work flow, and prioritize work assignments.
Advanced reasoning skills in conjunction with an intimate understanding of how our strategy systems work and how their outflows tie into the data warehouse.
Elevated aptitude in deciphering and interpreting strategy documentation and criteria and the ability to translate that into independently created logic.
Commercially effective and collaborative across teams and functions.
5+ years’ experience with SAS/SQL, Python, R, or other transferable logic-based programming.
Experience with data visualization tools such as Tableau.
Intermediate EXCEL skill-set.
Curiosity and the ability to learn new concepts.

Responsibilities

Perform independent validations of existing credit and fraud strategies and related NMT to gauge efficaciousness of criteria and performance of champion/challenger strategies where applicable, compare expected versus actual results, confirm proper implementation, accuracy/completeness of existing documentation and appropriateness of strategy monitoring.
Leverage advanced technical expertise to translate documentation of credit/fraud strategy criteria into SAS code to complete the validation.
Document results of validations to produce detailed ‘white paper’ reports that will ultimately be shared with first, second, and third line stakeholders, regulators and Senior Leadership and be leveraged to drive quality improvement opportunities across reviewable strategies.
Lead validation results meetings by effectively communicating findings and recommendations to credit strategy leadership team, solicit feedback and publish final reports.
Maintain timelines and feedback loop with Strategy teams to ensure all applicable findings in eGRC system are mitigated as per the chosen timeline.
Participate in the independent assessment of new Acquisition & Early Lifecycle, Account Management and Fraud strategy proposals, as well as requests to modify existing strategies as part of both the joint SYF / PayPal / Venmo Working Groups as well as the SYF-only Working Group sessions and provide effective challenge and insights while communicating material risks.
Where applicable, perform ad-hoc or deep-dive analyses to better understand the materiality of concern with regards to new strategy proposals or modifications.
Execute periodic portfolio conformance reviews on the PayPal/Venmo portfolios.
Support the broader Credit Strategy Validation (CSV) team by maintaining the PORAS (Perpetual Oversight Risk Automation Suite) platform, including coding, and inserting completed validations into the automation system and investigating alerts triggered within the platform.
Monitor credit risks in the portfolio and emerging risks with new products and technologies.
Assist with concurrent assessment of any material changes to deal and new products.
Responsible for directly interacting with and providing feedback to the PayPal/Venmo portfolio credit team.
Monitoring of portfolio and highlighting emerging credit risks.
Liaise with CRMO functional leaders to share assessments, risks and insights.
Work with other Risk functions across the second line of defense, including Model Risk Management, Operational Risk, Risk Testing and Compliance to increase awareness of validation results, create synergies and avoid redundancies.
Perform other duties and/or special projects as assigned.