Vp, Collections

Role Title VP Collections Recovery Strategy OversightCompany Overview Synchrony NYSE SYF is a premier consumer financial services company delivering one of the industrys 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 outdoors pet and more We have recently been ranked 2 among Indias Best Companies to Work for 2024 21 under LinkedIn Top Companies in India list and received Top 25 BFSI recognition from Great Place To Work India We have been ranked Top 5 among Indias Best Workplaces in Diversity Equity and Inclusion and Top 10 among Indias Best Workplaces for Women in 2022 We offer 100 Work from Home flexibility for all our Functional employees and provide some of the best-in-class Employee Benefits and Programs catering to work-life balance and overall well-being In addition to this we also have Regional Engagement Hubs across India and a co-working space in Bangalore Organizational Overview Synchrony s Risk Team provides independent oversight of Synchronys risk-taking activities to ensure safety and soundness meet regulatory and legal requirements and manage risks to the risk-appetite of the Board Risk is responsible for independently assessing quantifying and overseeing risks providing effective challenge Risk serves as Synchronys Second Line of Defense Overall Risk Team oversees and manages the Risk Program to support the business in anticipating and addressing risks issues and challenges Results are consistent with the respective strategic uses and complying with related overall risk risk testing policies standards procedures as well as regulations Our Risk organization consists of 4 pillars Compliance Credit Financial Risk Enterprise Risk and Operational Risk Each of the pillars play a vital role in managing Risk and supports the business in anticipating and addressing risks issues and challenges Enterprise Risk provides oversight on Synchrony-wide initiatives and projects and manages issues risk assessment reporting risk monitoring activities policy standards and procedure framework for governance documents Were proud to offer you choice and flexibility You have the option to be remote and work from home or come into one of our offices You may be occasionally requested to commute to our nearest office for in person engagement activities such as team meetings training and culture events Role Summary Purpose The VP Collections Recovery Strategy Oversight is primarily responsible for leading the cyclical validation of existing Collection Recovery strategies including the evaluation of Non-model Tools NMTs that provide an input into the strategies and the concurrent assessment of new Collection Recovery strategy proposals and changes to existing strategies The secondary responsibilities include driving the CSV teams understanding of new collection recovery tools models and their impact on strategies The role will report directly to India Risk Leader Namita Kathuria with a dotted line of reporting to the VP - Credit Strategy Validation Leader within the Credit Risk Management Oversight organization Key Responsibilities Perform independent validations of existing Collection Recovery strategies per the annual Credit Strategy Validation CSV plan to gauge efficaciousness of criteria and performance of champion challenger strategies where applicable compare expected versus actual results confirm proper implementation accuracy completeness of existing documentation and appropriateness of strategy monitoring Leverage advanced technical expertise to translate documentation of Collection Recovery strategy criteria into SAS code or other coding language as needed to complete the validation Liaise with first line stakeholders across the Collections and Recovery Strategy Development Implementation teams and Credit and Operations when necessary to understand and evaluate respective strategies processes and procedures within scope of 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 Collection Recovery Strategy 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 Lead two direct reports who will assist in Collections Recovery Oversight activities Provide thought leadership for Risk India wide projects external conferences offsite agenda and promote mentorship upskilling and growth Participate in the independent assessment of new Collections Recovery strategy proposals as well as requests to modify existing strategies as part of SYF Collections Working Group and provide effective challenge and insights while communicating material risks As needed draft credit risk assessment memos including the bi-annual Debt Sales NPV Analysis to effectively communicate the CSV opinion of Collections Recovery activities and strategy proposals needing approval at the Credit Sub-Committee CSC Act as delegate for CSV Leader at Working Groups and or CSC as non-voting member on as-needed basis Lead and perform Collections Recovery NMT testing validation working closely with NMT Oversight Leader to ensure completion within appropriate risk-based cyclical planned timeframes and at times working across the broader CFRM organization for surge assistance as required Assist broader CSV team with the maintenance of PORAS Perpetual Oversight Risk Automation Suite including coding insertion of completed collection strategy validations into the automation platform where appropriate and subsequent investigation of alerts if triggered Where applicable perform ad-hoc or deep-dive analyses to better understand the materiality of concern with regards to new strategy proposals or modifications Drive the CSV teams understanding of new collection recovery tools models and their impact on strategies Coordinate governance-related activities specific to Collections Recovery Strategy Oversight with broader CSV team including inputs into procedure job aid RAQ PRC eGRC Master Schedule and strategy validation tracker assist with inputs into quarterly reporting update with regulators input to CSV Governance and Advanced Analytics meetings Work with other Risk functions across the second line of defense including Model Development Governance Operational Risk Risk Testing and Compliance to increase awareness of validation results create synergies and avoid redundancies Perform other duties and or special projects as assigned Required Skills Knowledge Bachelors Degree and 10 years experience in a consumer credit risk analytics role OR in lieu of Bachelors degree 12 years experience in consumer credit risk analytics role 10 years experience with SAS SQL or other transferable logic-based programming Experience working with Decision Trees and other statistical tools Strong oral and written communication skills with impact and influence Strong understanding of the consumer credit lending lifecycle and card programs Desired Skills Knowledge Bachelors Degree in a science technology engineering and mathematics related or Business fieldMBA or Masters degree in a science technology engineering and mathematics field Demonstrated ability to manage multiple projects organize workflow 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 Exposure to R Python and Machine Learning tools Commercially effective and collaborative across teams and functions Intermediate EXCEL skill-setEligibility Criteria Bachelors Degree and 10 years experience in a consumer credit risk analytics role OR in lieu of Bachelors degree 12 years experience in consumer credit risk analytics role Work Timings This role qualifies for Enhanced Flexibility and Choice offered in Synchrony India and will require the incumbent to be available between 06 00 AM Eastern Time - 11 30 AM Eastern Time timings are anchored to US Eastern hours and will adjust twice a year locally This window is for meetings with India and US teams The remaining hours will be flexible for the employee to choose Exceptions may apply periodically due to business needs Please discuss this with the hiring manager for more details For Internal Applicants Understand the criteria or mandatory skills required for the role before applyingInform your manager and HRM before applying for any role on WorkdayEnsure that your professional profile is updated fields such as education prior experience other skills and it is mandatory to upload your updated resume Word or PDF format Must not be any corrective action plan Formal Final Formal PIP L10 Employees who have completed 18 months in the organization and 12 months in current role and level are only eligibleL10 Employees can applyGrade Level 12Job Family Group Data Analytics