What are the responsibilities and job description for the VP, Acquisition Fraud Strategy position at Synchrony?
JOB_POSTING-3-69361-2
Job Description
Role Summary/Purpose:
Assume ownership of enterprise-wide acquisitions strategy development efforts addressing identity fraud risks for revolving and installment credit products. Provide analytical insights, support and recommendations for acquisitions fraud strategies, initiatives and projects. Work directly with business and portfolio leadership to establish strategic direction for each client. Work cross functionally to ensure risk strategies are performing as expected.
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.
Essential Responsibilities
The salary range for this position is 155,000.00 - 260,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.
Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.
Salaries are adjusted according to market in CA, NY Metro and Seattle.
Eligibility Requirements
Our Commitment
When you join us, you’ll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard—but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we’re building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks , with more than 60% of our workforce engaged, you’ll find community to connect with an opportunity to go beyond your passions.
This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.
Reasonable Accommodation Notice
Credit
Job Description
Role Summary/Purpose:
Assume ownership of enterprise-wide acquisitions strategy development efforts addressing identity fraud risks for revolving and installment credit products. Provide analytical insights, support and recommendations for acquisitions fraud strategies, initiatives and projects. Work directly with business and portfolio leadership to establish strategic direction for each client. Work cross functionally to ensure risk strategies are performing as expected.
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.
Essential Responsibilities
- Lead a team of 6 acquisition fraud strategy professionals to identify and develop the most effective fraud strategies that protect Synchrony and its client from fraud losses
- Possess in-depth understanding of acquisitions process and related fraud control processes including an understanding of identity theft, first party fraud, synthetic identity, bust out activity
- Develop portfolio, product client and channel level acquisition fraud strategies that minimize both Synchrony’s and the client’s risk, while continuing to grow the portfolio
- Make recommendations for tactical and strategic action plans for execution within Credit and other functional areas as needed by collecting and analyzing data from various sources to identify fraud patterns and risks
- Initiate and lead acquisitions fraud strategy initiatives as well as enhancement projects using latest development techniques and test/control processes
- Lead performance monitoring of fraud and credit models and development of action plans for deteriorating models
- Work closely with client Portfolio Credit Managers and client teams to ensure strategies support both business and client objectives
- Perform pre-implementation strategies and model validations
- Facilitate and install fraud monitoring and tracking systems designed to quantify the differences in effectiveness of alternative fraud strategies
- Work cross-functionally to drive profitable growth and client satisfaction
- Drive enhanced strategies, using champion/challenger learnings to manage fraud exposure while helping driving growth
- Provide Acquisitions Fraud Strategy development support for new products, channels and other enterprise-wide projects
- Work with portfolio credit teams to ensure consistency in business plans
- Leverage and incorporate breadth of portfolio acquisitions fraud management experience into value-added best practices
- Perform other duties and/or special projects as assigned
- Bachelor’s degree and 6 years’ experience in strategic acquisition fraud management role or; in lieu of a degree, 10 years' experience in strategic acquisition fraud management role.
- 5 years’ experience in a risk/fraud strategy development role
- 5 years SAS programming experience (proficient level)
- Experience operating at a strategic level as part of a cross functional team
- Use of advanced technical & analytical competencies in driving effective strategic goals within a significant functional area
- Strong communication and presentation skills
The salary range for this position is 155,000.00 - 260,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.
Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.
Salaries are adjusted according to market in CA, NY Metro and Seattle.
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 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).
Our Commitment
When you join us, you’ll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard—but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we’re building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks , with more than 60% of our workforce engaged, you’ll find community to connect with an opportunity to go beyond your passions.
This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, 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
Credit
