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AVP, Loss Forecasting

Company: Synchrony Financial
Location: Costa Mesa
Posted on: May 12, 2022

Job Description:

Job Description:

Role Summary/Purpose:

The Reserves & Loss Forecasting team, part of the Credit and Capital Management function, owns the credit loss forecasting process and the models and tools used therein and provides critical input to the estimate of Credit loss reserves, as well as estimates for business planning, capital planning and stress testing. This role will partner closely within Credit team, as well as cross functionally with Finance and Risk to deliver robust credit loss estimates and research portfolio dynamics holistically. This position presents the opportunity to gain multiple critical experiences in advanced credit analytics, technical tools, model and process governance, enabling through influence, and communicating to stakeholders.

This role focuses on delivering and analyzing the Credit Loss forecast for the Synchrony portfolio of loans. The loss forecast is a critical input into the Allowance for Credit Losses. as well as the Stress Testing/Capital Plan and the strategic business plan. The role is focused on preparing and monitoring the data inputs to the loss forecast model, and on analyzing and monitoring the model's outputs.

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.

This position is remote, where you have the option to work from home. On occasion we may request for you to commute to our nearest office for in person engagement activities such as team meetings, training and culture events. To ensure the safety of our colleagues and communities, we require employees who come together in-person to be fully vaccinated. We're proud to offer you choice and flexibility.

Essential Responsibilities:
Collaborate with Portfolio Credit, Credit Strategy, Collections, and Finance teams to assess accuracy and reasonableness of model inputs and assumptions.
Perform analytics during each forecast cycle to define reasonable input assumptions and assess forecast outcomes at organization and granular levels, including appropriate monitoring, back testing and benchmarking.
Maintain and enhance the library of tools, reports, templates, and SAS projects used within the loss forecasting team, keeping them current with business needs and in line with best practices.
Collaborate within the broader Credit Forecasting/Advanced Analytics team to deliver and explain results to stakeholders, run and size the impact from sensitivities on assumptions.
Prepare appropriate reports and presentation materials for communicating forecast outcomes to all stakeholders.
Assist the Loss forecast process owner, and model owner with tasks related to model governance and process governance, including interfacing when needed with Credit Risk, Internal Audit, or external auditors.
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 3+ years of experience in Credit, Risk or Collections in Consumer Finance or other relevant professional experience; or in lieu of a degree, 6+ years of experience in Credit, Risk or Collections in Consumer Finance or other relevant professional experience
2+ 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, or other adjacent areas within consumer credit impairment
2+ years of experience in performing performance analysis on large and diverse consumer credit portfolios, including experience with data visualization tools such as Tableau to create and communicate intuitive visualizations and presentations of in-depth analysis to audiences of varying subject-matter knowledge, experience, and seniority
2+ years of experience in utilizing tools such as SAS, SQL, Python, PySpark, R to extract, process and analyze data

Desired Characteristics:
Understanding of consumer credit lending that stretches across revenue and loss line items, with a focus on revolving products (Credit Cards preferred)
Understanding of US economic environment, common macro-economic indicators, and correlations to consumer credit performance
Advanced Excel skills with demonstrable familiarity with data processing/report building/analysis techniques
Strong PowerPoint skills, including ability to create understandable presentations that incorporate graphs or other visual aides to portray complex subjects
Ability to manage multiple competing initiatives and deliver results in a timely manner and with a focus on accuracy and attention to detail
Experience with processes that have significant financial impacts and stretch across multiple teams or functions
Familiarity with establishing and maintaining process controls, documentation for large/complex processes
Strong written and verbal communication skills, to independently present explanations of complex subjects

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 24 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).

Applicants external to Synchrony who are currently employed on H-1B visa must have at least 2 years of eligibility remaining on their current visa term in order for Synchrony to petition for an employment based visa on behalf of such applicant. L1 visa would be considered for an internal candidate meeting all requirements for the L1 and all US Synchrony eligibility requirements.

Applicants holding other types of visas, such as F-1 visas, must have at least 2 years of eligibility that would permit them to work for Synchrony.

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.

The salary range for this position is 7 5 ,000.00 - 150,000.00 USD Annual

Salaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.

Grade/Level: 10

Job Family Group:
Risk Management

Keywords: Synchrony Financial, Costa Mesa , AVP, Loss Forecasting, Accounting, Auditing , Costa Mesa, California

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