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