VP, Transactional Fraud Strategy & Innovation

Role Summary/Purpose

The VP, Fraud Strategy & Innovation role is responsible for leading the portfolio transaction fraud strategy teams as well as driving future strategy infrastructure and transformation innovation into through new capabilities (data, technology and techniques).

• Lead Portfolio Fraud Strategy Team across products/platforms including new initiatives, setting objectives, guiding strategy development, driving innovation through leveraging PRISM teams for new data and technology build
• Strong technical skills to bridge innovation investments & development (PRISM, new models etc.) to the point of strategy decision making
• Create, analyze and explore datasets in order to find opportunities for fraud innovation through data analytics
• Deep understanding behind today’s challenges, and vision to leverage agile teams & innovative techniques to deliver better solutions for tomorrow
• Influence client and infrastructure teams to prioritize & deliver next gen fraud information & data-share
• Maintain fraud policy discipline and drive champion / challenger strategy framework
• Balance financial goals and customer experience objectives in orchestrating team’s activities
• Partner with modeling teams/vendors to drive advanced targeting strategies
• Collaborate with authentication & acquisition strategy to build cohesive strategies (e.g., synthetic )
• Seed Innovation arising from investments, devise new ways to enhance efficacy & trouble solve use cases to be able to ingrain new POC’s and tools to the development teams
• Engage with networks (e.g., Visa, MC) on industry trends, score models, and evolving protection mechanisms
• Provide leadership in cross functional engagements across the Fraud teams on specific projects / initiatives
• Responsible for process controls, & maintaining regulatory review rhythm with Compliance, Legal & Fair Lending
• Supports related exams, audits and business continuity planning
• Perform other duties and/or special projects as assigned

• Bachelor’s degree and 6+ 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, 10+ years of experience building analytically derived strategies in Fraud, Marketing, Risk or Collections in Financial services.
• 4+ years of experience working with statistical tools such as SAS, Model Builder Decision Tree, Knowledge Seeker or others.
• Ability and flexibility to travel for business as required

• 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

13

The salary range for this position is - 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.

• 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…