Synchrony VP, Payment Networks Strategy in Merriam, Kansas

Job Description:

Role Summary/Purpose:

The VP, Payment Networks Strategy creates and implements strategies to match Synchrony’s strategic initiatives to the strengths and capabilities at payment networks such as MasterCard, American Express, and others. This key relationship manager helps lead initiatives across all of Synchrony’s platforms, from business development opportunities for private label and cobrands cards, to product implementations and network expansions in CareCredit and Synchrony Car Care. This role will support selected networks from the portfolio of MasterCard, Visa, Discover, American Express, and Worldpay.

This strategic leader collaborates cross-functionally with colleagues from technology, account management, marketing, credit, analytics, and legal to drive growth by strategically leveraging the payment networks to drive new product and service initiatives and expand payment networks. You will be responsible for utilizing network partners to drive revenue for Synchrony, as well as cut expenses and reduce risk to the organization.

This role reports to the SVP, Network & Strategic Relationships and is part of the Payment Networks and Strategic Partnerships team.

Essential Responsibilities:

  • Act as a subject matter expert on payments networks’ strengths, products, financials, and operations

  • Support Synchrony’s crucial strategies, such as direct-to-consumer product development, with appropriate products and services available from the payments networks

  • Create, nurture, and leverage relationships with key payment networks externally, and strategic priority leaders and portfolio General Managers internally

  • Optimize products, services, and financials by liaising and negotiating with the networks

  • Identify emerging capabilities, products, and technologies offered by network partners that can be leveraged by Synchrony. Define strategy and business case, and drive adoption across platforms

  • Lead discussions and negotiations with payments networks, collaborating with stakeholders including IT, analytics, credit, marketing, risk, finance, operations, and compliance

  • Collaborate with business development and cobrand colleagues to build winning pitches that include the best offers from the payments networks

  • Identify opportunities to strategically share learnings and offerings across platforms

  • Partner with Analytics team to best leverage combined network and Synchrony data to drive growth

  • Partner with payments networks to develop and drive marketing and leverage digital assets

  • Serve as Supplier Manager to the payments networks, which are considered critical suppliers to Synchrony

Qualifications/Requirements:

  • Bachelor’s degree and a Minimum of 8 years’ experience with managing a payment network relationship(s) or as an associate of a payment network OR working in payments/fintech; or in lieu of a Bachelor's Degree, a Minimum of 12 years’ experience with managing a payment network relationship(s) or as an associate of a payment network OR working in payments/fintec

  • Minimum of 3 years of relationship management experience, including working with cross-functional business partners and senior leadership

  • Minimum of 3 years project management experience, managing multiple programs/projects simultaneously

  • Strong presentation skills and ability to leverage PowerPoint

  • Strong PC proficiency (MS Office Suite) or comparable software application

Desired Characteristics:

  • Bachelor's Degree

  • MBA or Master’s Degree in finance/marketing

  • Demonstrated PMO and organizational skills showcasing leadership and working cross-functionally

  • Demonstrated ability to think creatively and strategically

  • Strong communication skills, ability to communicate to C-level, excellent presentation skills

  • Financial services experience

  • Strong leadership skills, and experience influencing and gaining credibility with experts across all business functions

  • Experience in consumer or business credit products

  • Experience working with retail client teams

  • High-level negotiation, communication, and influencing skills

  • Strong people- and resource-management skills

  • Strong customer orientation

  • A fun, positive attitude, team oriented, willingness & desire to learn payments

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 selection process

  • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

  • Effective 1-1-18, 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 have at least a “consistently meets expectations” performance rating 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 requirement).

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.

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 115,000.00 - 230,000.00 USD Annual

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

Grade/Level: 14

Job Family Group:

Sales

With roots in consumer finance that trace back to 1932, Synchrony Financial is a leader in consumer credit and promotional financing, providing a range of products for a diverse group of national and regional retailers; including Main Street mainstays, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. We are the largest provider of private label credit cards in the United States based on purchase volume and receivables and we provide co-branded dual card credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank. Who do we serve? Hundreds of thousands of customers across the U.S. and Canada spanning the electronics and appliances, home furnishings, automotive, power products and sports, jewelry and luxury, retail and healthcare industries.

Our purpose is clear: we are committed to pioneering the future of financing, improving the success of every business we serve and the quality of each life we touch. This is fitting because when you join Synchrony Financial, you’re joining an organization that recognizes that our people are our greatest asset —every single one of them. That’s why we are deeply committed to investing in the growth of each member of our team. And with 80 years of experience, we know how to develop talent. At Synchrony Financial, we work hard to offer competitive rewards, compensation and benefits. When you join us, you become part of a stimulating work environment with vast opportunities to sharpen your skills and embrace new leadership challenges.