VP, Transactional Fraud Strategy & Innovation

Synchrony•Lyons, IL

3d•Hybrid

About The Position

Role Summary/Purpose: The VP, Fraud Strategy & Innovation role is responsible for leading the portfolio transaction fraud strategy teams as well as driving future strategy infrastructure and transformation innovation into through new capabilities (data, technology and techniques). 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 6+ years of experience building analytically derived strategies within Fraud, Credit, Marketing, Risk or Collections in Financial services, or in lieu of a Bachelor's degree, 10+ years of experience building analytically derived strategies in Fraud, Marketing, Risk or Collections in Financial services.
4+ years of experience working with statistical tools such as SAS, Model Builder Decision Tree, Knowledge Seeker or others.
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

Natural curiosity and passion to drive change in consumer banking for the better.
Advanced programming with SAS, R or Python
Experience analyzing large data sets to derive strategic, segments, actionable credit insights
Experience using multiple Fraud Decision Systems (e.g. Credit Bureaus) to make fraud strategy decisions.
Experience developing Consumer / Commercial Fraud Strategies.
Ability to conduct advanced data analysis and complex designs algorithm
Experience using advanced modeling & data mining techniques (e.g. Machine learning, Big Data) to develop/ optimize Fraud strategies
Strong communication / relationship management / influencing skills / presentation skills and the ability to interact with and present to SYF senior leaders
Leadership experience operating at a strategic level as part of a cross functional team
Master’s Degree or MBA with advanced analytic focus, or equivalent advanced degree

Responsibilities

Lead Portfolio Fraud Strategy Team across products/platforms including new initiatives, setting objectives, guiding strategy development, driving innovation through leveraging PRISM teams for new data and technology build
Strong technical skills to bridge innovation investments & development (PRISM, new models etc.) to the point of strategy decision making
Create, analyze and explore datasets in order to find opportunities for fraud innovation through data analytics
Deep understanding behind today’s challenges, and vision to leverage agile teams & innovative techniques to deliver better solutions for tomorrow
Influence client and infrastructure teams to prioritize & deliver next gen fraud information & data-share
Maintain fraud policy discipline and drive champion / challenger strategy framework
Balance financial goals and customer experience objectives in orchestrating team’s activities
Partner with modeling teams/vendors to drive advanced targeting strategies
Collaborate with authentication & acquisition strategy to build cohesive strategies (e.g., synthetic id challenges)
Seed Innovation arising from investments, devise new ways to enhance efficacy & trouble solve use cases to be able to ingrain new POC’s and tools to the development teams.
Engage with networks (e.g., Visa, MC) on industry trends, score models, and evolving protection mechanisms
Provide leadership in cross functional engagements across the Fraud teams on specific projects / initiatives
Responsible for process controls, & maintaining regulatory review rhythm with Compliance, Legal & Fair Lending
Supports related exams, audits and business continuity planning
Perform other duties and/or special projects as assigned