Join to apply for the VP, Portfolio Credit Manager - Home & Auto role at Synchrony
1 day ago Be among the first 25 applicants
Join to apply for the VP, Portfolio Credit Manager - Home & Auto role at Synchrony
Get AI-powered advice on this job and more exclusive features.
Role Summary/Purpose:
In this role, you will drive the overall credit management activities on the Sleep Number and Rooms To Go portfolios. The relationships generate over $3B in annual sales volume. This role includes credit and operational risk evaluation; delinquency, loss and fraud mitigation; enforcement of credit policies; portfolio monitoring; improving the customer experience; input into deal structure and pricing and new program evaluation. This role acts as the key Credit interface to the clients and client teams and requires extensive cross functional interaction including leadership and support of business and functional initiatives.
JOB_POSTING-3-73624-8
Job Description
Role Summary/Purpose:
In this role, you will drive the overall credit management activities on the Sleep Number and Rooms To Go portfolios. The relationships generate over $3B in annual sales volume. This role includes credit and operational risk evaluation; delinquency, loss and fraud mitigation; enforcement of credit policies; portfolio monitoring; improving the customer experience; input into deal structure and pricing and new program evaluation. This role acts as the key Credit interface to the clients and client teams and requires extensive cross functional interaction including leadership and support of business and functional initiatives.
Our Way of Working
Were 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
- Work closely with the client to minimize both Synchronys and the retailers risk, while continuing to grow the portfolio
- Work effectively cross-functionally to drive smart growth, client satisfaction and improved customer experiences in a safe and sound manner
- Prepare and present client facing and leadership team presentations to communicate credit performance and facilitate informed decisions
- Be a leader in driving enhanced strategies, using champion/challenger leanings to manage credit and fraud risk
- Provide credit oversight and input in deal renewals, new deals and pricing processes; ensure portfolio deal structure and contract(s) are consistent with risk appetite
- Provide clear guidance to the organization on risk appetite and prudent growth
- Maintain effective and credible challenge of critical decisions and business processes
- Coordinate planning cycle with client teams to ensure consistency in business plans
- Guide, mentor and develop portfolio credit and other staff in technical and business matters
- Perform other duties and/or special projects as assigned
- Bachelors degree and 6+ years of experience in a strategic analytical role, or in lieu of a bachelors degree, 9+ years of experience in strategic analytical role
- 6+ years leadership experience in portfolio management roles with strong emphasis on credit strategy, credit policy and internal/external communications
- 3+ years' experience with analytical tools such as: SAS, R or Python
- 3+ years' experience analyzing large data sets to derive strategic actionable credit insights
- 3+ years' experience developing Consumer Credit Risk Strategies.
- 3+ years' leadership experience operating at a strategic level as part of a cross functional team
- Experience using advanced modeling & data mining techniques (e.g. Machine learning, Big Data) to develop/ optimize Credit strategies
- Masters Degree or MBA with advanced analytic focus, or equivalent advanced degree
- Strong communication and presentation skills and the ability to interact with and present to SYF senior leaders and clients
- Experience creating and leading organizational change
The salary range for this position is 135,000.00 - 230,000.00 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 dont meet the time in position or performance expectations).
Our Commitment
When you join us, youll be part of an inclusive culture where your individual skills, experience, and voice are not only heard but valued. Together, were building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.
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. Were proud to have an award-winning culture for all.
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
Seniority level
Seniority level
Not Applicable
Employment type
Employment type
Full-time
Job function
Job function
Finance
Referrals increase your chances of interviewing at Synchrony by 2x
Sign in to set job alerts for Vice President of Credit roles.
New York, NY $160,500.00-$191,600.00 3 weeks ago
AVP Senior Credit Operations/Ops Analyst
New York City Metropolitan Area $130,000.00-$200,000.00 5 days ago
New York, NY $250,000.00-$285,000.00 1 week ago
New York, NY $68,000.00-$135,000.00 1 week ago
New York, NY $190,000.00-$340,000.00 2 weeks ago
New York, NY $175,000.00-$200,000.00 1 week ago
New York, NY $135,000.00-$203,000.00 2 months ago
Investor Relations - Credit, VP/Principal
New York City Metropolitan Area $200,000.00-$300,000.00 1 week ago
MSIM PC&E - Private Credit- Senior Associate/ Vice President
New York City Metropolitan Area $175,000.00-$220,000.00 4 days ago
Vice President, Credit IR and Product Management (Direct Lending)
Investment Banking Vice President (or Senior Associate) Restructuring
New York, NY $225,000.00-$275,000.00 1 week ago
Asset-Based Private Credit Analyst/Associate/Vice-President
New York, NY $150,000.00-$200,000.00 4 months ago
SVP, Credit Reserve and Basel Advanced Approaches Oversight (Hybrid)
New York, NY $163,600.00-$245,400.00 2 weeks ago
Vice President, Structured & Asset Backed Credit
New York, NY $150,000.00-$265,000.00 1 week ago
New York City Metropolitan Area $150,000.00-$190,000.00 3 weeks ago
New York, NY $190,000.00-$210,000.00 3 days ago
Special Assets, Credit Restructuring and Workout Independent Risk SVP (Hybrid)
New York,