AVP, Credit Loss Forecasting

Job Description: Role Summary/Purpose: As AVP of Credit Loss Forecasting, you will support Synchrony’s Credit Forecasting and Advanced Analytics team by participating in forecasting of expected credit losses on the company’s loan receivables portfolio. This role will support loss forecasting for all use cases across Allowance for credit losses, Stress testing and Capital planning, and Business strategic planning, and will collaborate closely with the rest of the CF&AA team as well as cross functional teams across Credit, Finance, and Risk functions.This role provides a great opportunity to develop advanced credit analytics skills and enhance your process automation skills, while working with senior team members and cross-functional partners. This role will also provide exposure to model and process governance themes in a high impact and heavily governed area within the company.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.Our Way of WorkingWe’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: Participate in credit loss forecasting for Allowance for Credit Losses, Stress testing and capital planning, and Business strategic planning while using outputs from Model and non-model tools and other quantitative estimations.Design and implement new non-model tools as and when required with focus on data quality, methodology, and ease of use while establishing adequate controls and monitoringDesign and implement new functionalities as well as enhance existing capabilities to consolidate forecast outputs from models and non-model tools along with appropriate overlays in a robust manner that serves the purpose for multiple use cases across cross functional stakeholders with focus on efficiency, transparency, documentation and controls.Execute forecast consolidations in a timely manner and on an ongoing basis to support process deliverables to downstream stakeholdersPerform periodic monitoring of model, non-model related inputs and outputsPerform peer reviews of manual, semi automated parts of the processMaintain and enhance repositories for actual and forecast data at a granular level to support existing reporting requirements with focus on completeness and accuracy.Lead the design and implementation and subsequent maintenance of new data repositories to enable the broader CF&AA team to perform deep analytics on loss forecasts by leveraging intuitive user interface on large scalable data sets in an efficient mannerLead efforts to streamline all relevant aspects of the process by automating routine tasks, taking into account dependencies across models, and upstream and downstream processes. Encourage, influence and collaborate with all stakeholders to build robust and sustainable solutions capable of easily adapting to most anticipated business situations.Performing additional analysis related to loss forecasting e.g. ad-hoc analysis to support emerging business needs in related areasProvide timely support for internal audit, second line risk reviews, and regulatory examinations.Perform other duties and/or special projects as assigned.Qualifications/Requirements: Bachelor’s degree in a quantitative field of study (i.e., Accounting, Business, Economics, Finance, Mathematics, Statistics, Engineering, Decision sciences/ Analytics, Risk Management) and 5+ years of experience in Credit, Risk or Collections in Consumer Finance or other relevant professional experience; or in lieu of a degree, 7+ years of experience in Credit, Risk or Collections in Consumer Finance or other relevant professional experience.4+ years of experience in predictive modeling/estimation or in analyzing outcomes from such techniques, in areas such as Credit Loss forecasting, Credit Reserves, Stress testing in a Consumer lending businessStrong technical skills in building, enhancing and supporting process automation solutions, and data analytics platforms, including:Proficiency in data extraction, transformation, and analysis using open-source languages such as Python or PySpark, and SAS, SQLExpertise with Tableau for creating interactive dashboards and reports that effectively communicate complex data and analytics.Skilled in Power Query (Excel and/or Power BI) to automate data workflowsBuilding and enhancing monitoring reports and dashboards to improve operational efficiency and mitigate risk.Advanced Excel skills for complex data manipulation, report creation, and analytics.Ability to create clear, compelling presentations in PowerPoint to communicate insights and improvements to diverse audiences.Proven track record working collaboratively within a technical and analytical team environmentDesired Characteristics: Reasonable understanding of consumer credit lending that stretches across revenue and loss line items, with a focus on revolving products (Credit Cards preferred).Ability to juggle multiple projects and priorities within tight deadlines and involving multiple stakeholdersExperience working in multi-functional teams and managing projects that impact financial processes or reporting.Effective written and verbal communication skills to clearly explain analysis and process improvements to technical and non-technical stakeholders.Grade/Level: 11The salary range for this position is 115,000.00 – 200,000.00 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 olderYou must have a high school diploma or equivalentYou must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding processYou 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 , 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 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 TimeJob Family Group: Credit

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