VP, Payment Networks Strategy

Role Summary/Purpose:

The VP, Payment Networks Strategy will support the SVP of Platform Strategy and Networks through owning the critical relationships with the payment networks and driving impact through ideating, modeling and executing on growth opportunities within the portfolios and functions as well as supporting business development in network selection.  This role sits in the Business Strategy & Development (BS&D) function and plays a role in cross-functionally supporting all our business platforms (Digital, Health & Wellness, Home & Auto, Diversified & Value and Lifestyle) as well as the Network Operations team.

Essential Responsibilities:

• Own and manage the relationship with the Payment Networks, including contract negotiation, the identification and deployment of network-related products and capabilities, the tracking of performance and the deployment of joint funds

• Work with our cobrand and dual card portfolios as well as functions to identify, quantify and execute growth and efficiency opportunities through the payment networks

• Drive negotiations with the Payment Networks (in conjunction with Business Development) on new or renewal cobrand and dual card opportunities and build models to help drive network selection

• Partner with Network Operations to drive new portfolio, product and capability launches and ensure the identification and resolution of network-related issues

• Develop, manage and draw insight from network dashboards to provide insight into performance and opportunities with the Payment Networks

• Create content for and provide strategic updates to Synchrony's Executive Leadership Team, BS&D leadership, our five business platforms and other key functions

• Perform other duties and/or special projects as assigned

Qualifications/Requirements:

• Bachelor’s degree preferred with 8+ years’ experience in financial services, fintech, or payments or in lieu of a Bachelor Degree, a high school diploma / GED with 10+ years’ experience in financial services, fintech, or payments

• 4+ years experience in managing strategic relationships, cross-functional management and data and analytics.  This could include roles in management consulting, corporate strategy, strategic planning, strategic finance, corporate development or other business strategy related roles

• 3+ years of experience with managing cross-functional business partners and senior leadership

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

• Ability to financially model and generate insights from the data

• Ability and flexibility to travel for business as required

Desired Characteristics:

• MBA or Master’s Degree in finance, marketing, or strategy

• Strategy, finance or marketing / analytics experience

• Experience in Financial Services, specifically consumer credit and working with the payments networks

• Proficient in the use of MS Office product suite with advanced experience with Excel and PowerPoint

• Demonstrated ability to lead problem solving for complex business issues and work with multiple stakeholders and viewpoints

• Experience in developing data-driven perspectives and presenting insights to business leaders

• High-level negotiation, communication, and influencing skills

Grade/Level: 14

The salary range for this position is 150,000.00 - 250,000.00 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.

Our Way of Working:

We’re proud to offer you 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. You will be required to commute to your nearest Hub (either virtual or physical) for in-person engagement activities such as regular business or team meetings, training and culture events. 

*Field Sales and some Commercial team roles may have varied location requirements based upon partner obligations or preferences.

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 an inclusive culture where your individual skills, experience, and voice are not only heard – but valued. Together, we’re building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.

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. We’re proud to have an award-winning culture for all. 

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

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