What are the responsibilities and job description for the VP, Capital Strategy, Reporting and Analysis position at Synchrony?
Job Description:
Role Summary/Purpose:
Reporting to the VP Capital Strategy, Scenarios and Governance, this role is responsible for regulatory capital reporting and analysis for SYF and its subsidiaries. It interacts closely with the Lines of Business (LOBs), Credit, Risk, Treasury, Controllers, Financial Planning & Analysis, technology and U.S. Regulatory Agencies to interpret and accurately report regulatory capital figures and provide detailed analysis on the results.
This role will also assist with or lead portions of the development and monitoring of the SYF and SYB Capital Plan, capital strategies, capital retention and deployment. In addition, this role will be responsible for capital monitoring and analytics to understand and articulate the capital impacts to the organization. The role will work closely with counterparts in Credit, FP&A, Treasury and Risk.
This role provides a great opportunity to continue developing analytical, organizational, and interpersonal skills, to gain cross-functional broadening experiences working across Capital, Credit and Finance 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.
Essential Responsibilities:
Responsible for leading and executing overall end-to-end production and analysis of FR Y-14M and FR Y-14A reports, and associated narratives (supplementary information and data) submitted to FRB and OCC.
Owns Stressed Operational risk loss forecasting including scenario analysis, inclusive of review and analytics.
Owns the Stress Test Strategic Initiatives forecast and impacts analysis.
Prepares and Maintains Capital needs reports (Source& usages) and supports the ongoing maintenance and rebuilding of the RWA calculator
Manages, coordinates and maintains all internal day, monthly, quarterly and yearly capital monitoring and reporting
Conduct in-dept capital comparison analysis on actual performance results compared to annual plan, forecast and prior period results. Review and consolidate variance analysis (quarter vs. quarter, actual vs. forecast).
Oversees the workflow process associated with capital actions execution for SYF and SYB
Support implementation of strategies to obtain a successful CCAR/DFAST, Resolution and Recovery Plans results.
Build effective controls and automation across the reporting process to ensure accuracy and timeliness of information being presented to senior management
Perform Regulatory Capital related analyses in a fast-paced environment. It includes performance of insightful analytics that are repetitive, as well as various ad hoc management requests
Perform other duties and/or special projects as assigned.
Qualifications/Requirements:
Bachelor's degree required, Finance, Accounting or related field preferred (8 years relevant experience in Financial environment)
Strong knowledge of Regulatory reporting and related requirements
Familiarity with Regulatory Capital rules and stress testing (preferred), understanding of banking and financial products
Analytical mindset with curiosity for knowledge in Regulatory Capital, Basel rules, Balance Sheet and Liquidity Management etc.
Strong proficiency in Microsoft Office Suite – Excel, Word, PowerPoint, Access, Outlook
Proven ability to synthesize broad information into targeted deliverables
Strong analytical, reconciliation skills and sense of control and governance
Desired Characteristics:
Strong verbal and written communication skills
Ability to balance multiple projects simultaneously
Detail oriented, strong organizational and time management skills
Has the ability to operate with a limited level of direct supervision.
Can exercise independence of judgement and autonomy.
Grade/Level: 12
The salary range for this position is 110,000.00 - 185,000.00 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).
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.
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
Job Family Group:
Finance