VP, Transactional Fraud Strategy - OnePay

Synchrony; Chicago (IL); Hybrid; USD 135,000 - 230,000; Full time

Job summary

A leading company is seeking a VP, Transactional Fraud Strategy to drive analytic insights and develop fraud strategies for their OnePay partnership. This role requires a Bachelor's degree and significant experience in fraud analysis and strategic development, alongside collaboration with senior leadership and various teams. The position offers flexibility to work from home or on-site, with a compensation range of $135,000 to $230,000 annually.

Qualifications

• 7+ years of experience in Fraud, Credit, Marketing, Risk or Collections.
• 3+ years of experience with statistical tools such as SAS.
• Ability to drive change in consumer banking.

Responsibilities

• Develop transactional fraud strategies for the OnePay partnership.
• Engage with Visa/MC networks on industry trends and protection mechanisms.
• Analyze datasets to find opportunities for innovation.

Skills

Data Analysis

Fraud Strategy Development

Statistical Analysis

Relationship Management

Communication

Education

Bachelor’s Degree

Master’s Degree or MBA

Tools

SAS

R

Python

Job description

VP, Transactional Fraud Strategy - OnePay

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VP, Transactional Fraud Strategy - OnePay

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Role Summary/Purpose:

The VP, Transactional Fraud Strategy - OnePay role is responsible for driving analytic insights and transactional fraud initiatives for the new partnership with OnePay across credit card products. This role will work cross functionally to identify, understand and design transactional fraud strategies to drive the success of the portfolio. The role reports to the Transactional Fraud Strategy Leader within the Account Management & Transactional Fraud team within the Credit function. The role interacts with senior leadership and drives communication of results, initiatives, and process items across the matrixed organization.

JOB_POSTING-3-71283-10

Job Description

Role Summary/Purpose:

The VP, Transactional Fraud Strategy - OnePay role is responsible for driving analytic insights and transactional fraud initiatives for the new partnership with OnePay across credit card products. This role will work cross functionally to identify, understand and design transactional fraud strategies to drive the success of the portfolio. The role reports to the Transactional Fraud Strategy Leader within the Account Management & Transactional Fraud team within the Credit function. The role interacts with senior leadership and drives communication of results, initiatives, and process items across the matrixed organization.

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

• Develop transaction fraud strategies for the OnePay partnership, in collaboration with partner and infrastructure teams.
• Execute, monitor, and drive process improvement of transactional fraud strategies for all OnePay products (PLCC, Dual Card).
• Drive management of governance processes pertaining to fraud inputs and outputs
• Engage with Visa / MC networks on industry trends, score models, and evolving protection mechanisms
• Partner with modeling teams/vendors to drive advanced targeting strategies
• Partner with OnePay partner and internal portfolio teams to enhance transactional fraud development and execution
• Provide additional insight in support of OnePay acquisition fraud management and authentication strategies
• Drive and influence across leadership levels regards initiatives and results, as well as participate in strategizing with portfolio credit teams
• Ad hoc analytics / insights, validations, remediations
• Execute batch tests / Challenger analytics
• Responsible for process controls, & maintaining regulatory review rhythm with Compliance, Legal & Fair Lending Teams
• Supports related exams, audits and business continuity planning
• Build for the future by understanding industry, economic and business needs
• Analyze and explore datasets in order to find opportunities for fraud innovation through data analytics
• Collaborate across the broader DC and PLCC landscape, sharing learnings and best practices
• Perform other duties and/or special projects as assigned
  
  

Qualifications/Requirements

• Bachelor’s degree and 7+ years of experience building analytically derived strategies within Fraud, Credit, Marketing, Risk or Collections in Financial services, or in lieu of a Bachelor's degree, 11+ years of experience building analytically derived strategies in Fraud, Marketing, Risk or Collections in Financial services.
• 3+ years of experience working with statistical tools such as SAS, Model Builder Decision Tree, Knowledge Seeker or others.
  
  

Desired Characteristics

• Natural curiosity and passion to drive change in consumer banking for the better.
• Advanced programming with SAS, R or Python
• Experience analyzing large data sets to derive strategic, segments, actionable credit insights
• Experience using multiple Fraud Decision Systems (e.g. Credit Bureaus) to make fraud strategy decisions.
• Experience developing Consumer / Commercial Fraud Strategies.
• Ability to conduct advanced data analysis and complex designs algorithm
• Experience using advanced modeling & data mining techniques (e.g. Machine learning, Big Data) to develop/ optimize Fraud strategies
• Strong communication / relationship management / influencing skills / presentation skills and the ability to interact with and present to SYF senior leaders
• Leadership experience operating at a strategic level as part of a cross functional team
• Master’s Degree or MBA with advanced analytic focus, or equivalent advanced degree
  
  

Grade/Level: 12

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 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

Credit

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

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