Full-Time

AVP – Non-Model Tools Oversight

Posted on 1/27/2025

Synchrony Financial

Synchrony Financial

5,001-10,000 employees

Provides consumer financing and credit solutions

Fintech
Financial Services

Compensation Overview

$90k - $155kAnnually

+ Annual Bonus

Mid, Senior

No H1B Sponsorship

Newport Beach, CA, USA + 8 more

More locations: Stamford, CT, USA | Remote in USA | Chicago, IL, USA | Altamonte Springs, FL, USA | Charlotte, NC, USA | Alpharetta, GA, USA | New York, NY, USA | Cincinnati, OH, USA

Hybrid work model; occasional in-office presence required.

Category
Risk Management
Finance & Banking
Required Skills
SAS
SQL
Data Analysis

You match the following Synchrony Financial's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s Degree AND 3+ years’ experience in a consumer credit/risk analytics/ audit role; OR, in lieu of Bachelor’s degree, 5+ years’ experience in consumer credit/risk analytics/ audit role in a financial banking institution.
  • 2+ years’ experience with SAS/SQL or other transferable logic based programming.
  • Demonstrated project management skills including leading cross-functional projects.
  • Demonstrated experience with Internal Audit and external Regulatory exams.
  • Strong oral and written communication skills with impact and influence.
  • Strong understanding of the consumer credit lending lifecycle and card programs.
Responsibilities
  • Perform independent validations of existing NMTs to gauge efficaciousness of the tool and the controls.
  • Leverage advanced technical expertise to translate documentation of strategy criteria into SAS code (or other coding language as needed) to complete the validation.
  • Document results of validations to produce detailed ‘white paper’ reports that will ultimately be shared with first, second, and third line stakeholders, regulators and Senior Leadership and be leveraged to drive quality improvement opportunities across reviewable strategies.
  • Lead validation results meetings by effectively communicating issues and recommendations to 1LOD leadership teams, solicit feedback prior to final report publication. Maintain timelines and feedback loop with respective strategy teams to ensure all applicable issues in eGRC system are mitigated as per the chosen timeline.
  • As needed, provide assistance to CSV Leader regarding the independent assessment of new Credit strategy proposals as well as requests to modify existing Credit strategies as part of SYF Working Groups.
  • Execute the ongoing monthly and quarterly processes within the NMT Oversight team including quarterly and annual attestations, new tool in-take sessions, and analytics on the NMT inventory to ensure the risk is appropriately understood and communicated.
  • Lead the body of work including providing evidence and responses for Internal Audit and external Regulatory exams.
  • Lead projects to improve the NMT framework in eGRC and other technologies.
  • Perform other duties and/or special projects as assigned.
Desired Qualifications
  • Bachelor’s Degree in a STEM related or Business field.
  • MBA or Master’s degree in a STEM field.
  • Demonstrated ability to manage multiple projects, organize work flow, and prioritize work assignments.
  • Advanced reasoning skills in conjunction with an intimate understanding of how our strategy systems work and how their outflows tie into the data warehouse.
  • Elevated aptitude in deciphering and interpreting strategy documentation and criteria and the ability to translate that into independently created logic.
  • Commercially effective and collaborative across teams and functions.
  • Intermediate EXCEL skill-set.
  • Curiosity and the ability to learn new concepts.

Synchrony provides consumer financing solutions, focusing on credit products that help individuals access essential needs and everyday wants. The company offers a variety of credit cards and financing options, allowing consumers to make informed financial decisions. By connecting consumers with small- and mid-sized businesses, as well as health and wellness providers, Synchrony creates a broad network for its services. Unlike many competitors, Synchrony emphasizes its role in facilitating access to credit for everyday purchases, generating revenue through interest on credit products and associated fees. The goal of Synchrony is to empower consumers by providing them with the financial tools they need to manage their spending effectively.

Company Size

5,001-10,000

Company Stage

IPO

Total Funding

$24.3M

Headquarters

Stamford, Connecticut

Founded

1932

Simplify Jobs

Simplify's Take

What believers are saying

  • Integration with Apple Pay's BNPL feature enhances consumer payment flexibility.
  • Co-branded credit cards' popularity offers growth opportunities through retail partnerships.
  • Digital Academy in Hyderabad supports tech education and digital transformation.

What critics are saying

  • BNPL services may reduce demand for traditional credit card products.
  • Regulatory scrutiny on interest rates could impact profitability.
  • Competition from digital-first healthcare financing solutions may erode market share.

What makes Synchrony Financial unique

  • Synchrony offers a comprehensive suite of digitally-enabled financial products.
  • The company connects consumers with small and mid-sized businesses and health providers.
  • Synchrony's strategic partnerships enhance its consumer financing solutions.

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Benefits

Flexible Work Hours

Remote Work Options

Performance Bonus

Company News

PYMNTS
Feb 5th, 2025
Oscar Health Reports First Profitable Year As Digital Mix Drives Engagement

The U.S. healthcare sector has undergone a rapid digital transformation in recent years, driven by a combination of regulatory shifts, consumer demand and technological advancements.The pandemic accelerated the adoption of telemedicine, remote monitoring and artificial intelligence (AI)-driven diagnostics, making digital health an essential component of modern care delivery.Against that backdrop, healthcare technology company Oscar Health reported positive fourth-quarter 2024 and full-year financial results Tuesday (Feb. 4), stressing to investors that as consumers expect on-demand, tech-enabled healthcare experiences, Oscar Health’s digital-first strategy aligns with broader market trends.“Oscar capped the strongest year of financial performance in company history,” said Mark Bertolini, CEO of Oscar Health. “Our strong top and bottom line performance, all-time-high-membership and consistent execution demonstrate our ability to deliver sustained profitable growth.”The company’s total revenue for the 2024 fiscal year was $9.2 billion, marking a 56.5% increase from the previous year. Oscar reported a $25 million profit for the year, despite losing $153.5 million in the fourth quarter.Since its founding in 2012, Oscar had yet to turn a profit for a full year. The question now is whether Oscar can continue to execute its vision profitably while maintaining its commitment to innovation.The company’s stock is trading down nearly 18% after hours as of reporting.Read more: Unlocking the Future of Digital Health at the World Economic ForumThe Rise of Digital Health Represents an Industry ShiftThe healthcare industry sits at the intersection of innovation and evolving patient expectations.Oscar Health’s focus on leveraging technology to enhance member experiences and streamline operations has been central to its strategy

PR Newswire
Feb 3rd, 2025
Synchrony To Participate In The Ubs Financial Services Conference

STAMFORD, Conn., Feb. 3, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF) Chief Financial Officer, Brian J. Wenzel, will participate in a fireside chat at the UBS Financial Services Conference on Monday, February 10, 2025 at 9:40 a.m. (Eastern Time). A live webcast and replay will be made available on the Synchrony Investor Relations website at www.investors.synchrony.com. About SynchronySynchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites

PR Newswire
Jan 28th, 2025
Synchrony Reports Fourth Quarter 2024 Results

STAMFORD, Conn., Jan. 28, 2025 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its fourth quarter 2024 results for the period ending December 31, 2024. The earnings news release and presentation can be found on the company's investor relations website at https://investors.synchrony.com/financial-information/financial-results.Today at 8 a.m. ET, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business drivers. The conference call can be accessed via an audio webcast through the investor relations website at www.investors.synchrony.com, under events and presentations. A replay will also be available on the website.About SynchronySynchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites

PR Newswire
Jan 21st, 2025
Synchrony Announces Quarterly Common Stock Dividend Of $0.25 Per Share

Company also declares preferred stock dividendsSTAMFORD, Conn., Jan. 21, 2025 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock, payable on February 18, 2025 to holders of record at the close of business on February 3, 2025.The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") and 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock"). Each outstanding share of the Series A Preferred Stock and Series B Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share. The dividends of approximately $14.06 per share on the Series A Preferred Stock (equivalent to $0.351563 per outstanding depositary share) and approximately $20.63 per share on the Series B Preferred Stock (equivalent to $0.515625 per outstanding depositary share) are payable on February 18, 2025 to holders of record at the close of business on February 3, 2025.About SynchronySynchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners." We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences

FF News
Jan 17th, 2025
Eligible Synchrony Mastercard Customers Now Have Access To The Pay Later Feature Of Apple Pay

Synchrony (NYSE: SYF), a premier consumer financial services company, is enhancing the way consumers securely shop online and in-app when checking out with Apple Pay on iPhone and iPad. Eligible Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard holders can now choose to pay with the standard terms of their credit card or use a promotional offer that includes fixed monthly payments.1To use a Synchrony Mastercard with Apple Pay, customers will first need to add their Synchrony Mastercard to Apple Wallet. When checking out with Apple Pay online or in-app using iPhone and iPad, users will be able to select their Synchrony Mastercard, and if eligible, tap Pay Later to view their available promotional offer. Users can then make a selection and complete the quick and seamless checkout process with Apple Pay.“The ability for customers to choose fixed monthly payments in Apple Pay with the Synchrony Mastercard builds upon our leadership in digital payments and represents a big leap forward in offering our customers an enhanced level of flexibility and choice at checkout,” said Florin Arghirescu, Chief Product Officer, Synchrony. “We believe this simplifies digital payment transactions and provides cardholders with the ability to make purchases in ways that work best for them.”Apple Pay provides users with an easy, secure and private way to pay. As with all Apple Pay purchases, when a user pays with a Synchrony Mastercard with Apple Pay, Apple does not retain any transaction information linked to the user.Synchrony plans to expand the ability to pay for eligible purchases with fixed monthly payments to more Apple Pay users across the company’s portfolio of co-branded cards

PYMNTS
Jan 16th, 2025
Synchrony Gives Customers Access To Apple’S Pay Later

Synchrony is giving certain customers access to the Pay Later feature of Apple Pay. The offering lets customers pay according to the standard terms of their credit card or use a promotional offer that includes fixed monthly payments, Synchrony said in a Thursday (Jan. 16) press release. The program is open to eligible members of the Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard programs, according to the release

PYMNTS
Dec 18th, 2024
Regulators Eye Interest Rates As Retail Cards Gain Ground

More than a quarter of consumers own a store card, defined as a card that exclusively features a retailer’s branding. While co-branded cards can be used across several retailers, store cards can be used only at a particular merchant. The PYMNTS Intelligence report “The Role of Strategic Partnerships in Consumer Credit Cards” found that among the factors driving a consumer’s choice of credit or store card were loyalty and rewards programs, cost considerations and trust. Thirty-four percent of consumers with a store card cited this as their top motivation for obtaining it. Twenty percent of those with co-branded store cards said either low annual fees or low interest rates were their top reason for choosing the card, versus 27% for general-purpose cards. Younger Consumers Flock to the Cards

MarketScreener
Dec 18th, 2024
Synchrony Extends Consumer Credit Card Issuing Agreement with Chevron U.S.A. Inc

Synchrony announced the extension of their collaboration with Chevron U.S.A. Inc., on the Techron Advantage Credit Card program.

Business News Week
Dec 18th, 2024
Synchrony Launches Digital Academy in Hyderabad

Synchrony has partnered with Capgemini to announce the launch of the first Digital Academy in Hyderabad, an initiative that provides advanced IT and BFSI (Banking, Financial Services, and Insurance) training to youth from underprivileged, underrepresented, and economically challenged backgrounds.

PR Newswire
Dec 6th, 2024
Synchrony Employees Spread Seasonal Cheer Through "Season Of Caring" To Support Stamford Community

STAMFORD, Conn., Dec. 6, 2024 /PRNewswire/ -- As the winter chill sets in, Synchrony (NYSE: SYF) wrapped Stamford in a warm embrace with its "Season of Caring" celebration. The company's Stamford headquarters buzzed with benevolence during the "Day of Caring," where more than 200 heart-driven employees teamed up with nine local lifelines to sprinkle a little holiday magic across the community

MarketBeat
Nov 27th, 2024
Centaurus Financial Inc. Invests $503,000 in Synchrony Financial (NYSE:SYF)

Centaurus Financial Inc. invests $503,000 in Synchrony Financial (NYSE:SYF).

PYMNTS
Nov 8th, 2024
Shares Of Credit Card Issuers And Lenders Rise After Election

Shares of credit card issuers and lenders have reportedly risen after the election of Donald Trump, with investors expecting the incoming Trump administration to deliver regulatory changes that are favorable to the industry. Collectively, SP 500 banks have seen their stocks gain about 7% so far this week, the Wall Street Journal (WSJ) reported Friday (Nov. 8). Some credit card issuers and lenders have seen double-digit gains this week, according to the report. These include gains of 18% for Bread Financial, 17% for Synchrony Financial, 16% for Discover Financial Services and 13% for Capital One Financial

PR Newswire
Oct 30th, 2024
JCPenney and Synchrony Extend Long-Term Financing Partnership with Multi-Year Contract Renewal

STAMFORD, Conn., Oct. 30, 2024 /PRNewswire/ - Synchrony (NYSE: SYF) today announced a long-term extension of their nearly 25-year partnership with JCPenney.

PYMNTS
Oct 9th, 2024
Women's Health Firm Maven Clinic Valued at $1.7 Billion

Consumer financing company Synchrony has begun rolling out a reimbursement process designed to provide an easy and flexible financial solution for pet care.

INACTIVE