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Synchrony VP, Credit Analytics - Reserves in CHICAGO, Illinois

Job Description:

This position is open to REMOTE WORK

Role Summary/Purpose:

This role leads the Credit Reserves Estimation process for the company, encompassing quantitative models, qualitative framework, and assuring a well-governed, repeatable, and controlled process. Our team resides within the Credit & Capital Management function with Synchrony, and partners closely with the broader Credit, Enterprise Operations, and Finance teams to research portfolio dynamics holistically.

This presents the opportunity to gain multiple critical experiences in advanced credit analytics, process management, strong governance, exploratory frameworks, leading through influence, and communicating to senior management and oversight bodies.

We prize intellectual curiosity, passion, problem solving skills, effective communication, and empathy, and join those with the Synchrony Values and our own subject matter acumen to deliver well-informed estimates and share our analytic expertise throughout the company.

Essential Responsibilities:

  • Lead the credit reserve (aka Allowance for Credit Losses, or “ACL”) process by conducting complex analyses to develop and review reserve estimates incorporating model outputs, other quantitative sub-processes, qualitative overlays, robust controls, and effective communication

  • Maintain the holistic qualitative framework for reserves and execute on a quarterly basis

  • Lead an interdisciplinary working group tasked with aggregating and interpreting information from throughout the company and reviewing impacts on quantitative and qualitative reserves

  • Lead daily huddles (similar to “scrum master”) for a technical delivery group during the quarterly cycle

  • Contribute to materials used to discuss and document reserve methodology, results, and adequacy with Senior Management, the Board, and its Committees

  • Assure compliance with all applicable accounting and regulatory guidance and standards and support communications and reviews with regulators, auditors, and internal risk oversight teams

  • Collaborate with Credit Strategy and Finance teams on assessing new initiatives (deals, contract renewals, credit strategy changes, e.g.) and scenario analysis (planning, stress testing / capital, e.g.)

  • Develop and maintain relationships with key partners responsible for providing inputs and/or consuming outputs for the reserve process

  • Lead analytic projects to understand reserve components, enhance team capabilities, and augment the broader team's understanding of the portfolio and modeling approaches

  • Provide oversight and direction to colleagues, as well as deliver results through influencing in a matrixed environment

  • Perform other duties and/or special projects, as may be required from time to time

Qualifications/Requirements:

  • Bachelor’s degree in a quantitative field of study (i.e., Accounting, Business, Economics, Finance, Mathematics, Statistics, Engineering) and 8+ years of experience in Credit, Finance, Accounting, Risk, Consumer Lending, and/or other relevant professional experience; or in lieu of a degree, 12+ years of experience in Credit, Finance, Accounting, Risk, Consumer Lending, and/or other relevant professional experience.

  • Understanding of reserve accounting principles (CECL / ASC326, e.g), as well as regulatory guidance pertaining to reserves and model governance, as they pertain to retail credit

  • Ability to create intuitive visualizations of quantitative information for management decisioning

  • 5+ years experience using EXCEL at an intermediate / advanced level, with demonstrable familiarity with pivot-tables, worksheet formulas, macros, array formulas, and other techniques

  • 5+ years of experience managing interdisciplinary processes with significant financial impacts

  • 5+ years of experience using credit / risk models in areas such as Loss Forecasting, Reserves, Stress Testing, or other areas with consumer credit impairment estimation

  • 5+ years of experience building and communicating presentations of in-depth analysis to audiences of varying subject-matter knowledge, experience, and seniority

Desired Characteristics:

  • Graduate degree in a quantitative field of study, MBA, CPA, CFA, CAS or SOA exams, or other relevant certifications or designations

  • Strong PowerPoint skills, including ability to create understandable presentations that incorporate graphs other visual aides to portray complex subjects

  • Strong written and verbal communication skills, to independently present explanations of complex subjects to senior management and partner with teams throughout the company

  • Experience using any of SAS, SQL, R, Python, and/or other packages to perform analysis, query relational databases, and handle large amounts of data

  • Knowledge of external environment, industry / competitor profiles, and typical macro-economic indicators and correlations

  • Ability to manage multiple competing initiatives and deliver results within deadlines and with a focus on accuracy and attention to detail

  • Excellent time management and organization skills

Eligibility Requirements:

  • 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 24 months’ time in position before they can post. All internal employees must have at least a “consistently meets expectations” performance rating 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 requirement).

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.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Reasonable Accommodation Notice:

  • Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

  • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time.

The salary range for this position is 100,000.00 - 200,000.00 USD Annual

Salaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.

Grade/Level: 13

Job Family Group:

Risk Management

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