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VP, Portfolio Fraud Manager

Job Description:Role Summary/Purpose:The VP, Portfolio Fraud Manager role is responsible for driving analytic insights and fraud initiatives for the full suite of the Lowe’s credit products. This role will work cross functionally to help identify, understand and design innovative fraud strategies to drive the success of the business. The role reports to the Portfolio Credit Leader for Lowe’s. The role interacts with senior leadership and drives communication of results, initiatives, and process items across the organization. This role will entail project management and collaboration specifically with IT teams and Lowe’s to drive change/controls within credit and across the client infrastructure and buying platforms. The candidate will be responsible for handling escalations while identifying areas of opportunities. The role's main objective is to minimize fraud losses while optimizing strategies for a better customer experience across the entire lifecycle from acquisitions, to transactional, and payments fraud.Essential Responsibilities:• Partner closely with Lowe’s and Synchrony cross functional fraud teams to optimize strategy & policies to help mitigate fraud risk for both Synchrony and the partner while finding opportunities to grow the portfolio.• Develop and optimize fraud strategies for Lowe’s consumer & Commercial portfolios, in collaboration with Synchrony fraud strategy and infrastructure organizations.• Partner with strategy and provide deep analytics to drive advanced targeting strategies.• Prepare and present client facing and leadership team presentations to facilitate informed decisions.• Collaborate with Lowe’s Asset protection teams to share emerging risks and trends across both companies and provide insight on how to solve.• Work closely with Lowe’s with new platform launches and/or changes made to their existing processes to limit/address emerging new risk or allow unwanted gaps to occur.• Oversee fraud chargebacks and ensure procedural guidance is being upheld.• Execute, monitor, and drive process improvement of existing fraud strategies for all Lowe’s products.• Be a leader in driving enhanced strategies, using champion/challenger leanings to manage fraud risk.• Responsible for providing clear guidance to the organization on risk appetite and prudent growth.• Maintain and develop reporting and ad-hoc analytics with SAS, Tableau and other data tools to draw conclusions and drive recommendations.• Engage with cross functional fraud leaders to identify industry trends, new score to leverage, and evolving protection to offer Lowe’s.• Drive and influence across leadership levels regarding initiatives and results, as well as participate in strategizing with portfolio credit teams.• Ad hoc analytics / insights, validations, remediations.• Build for the future by understanding industry, economic and business needs.• Maintain effective and credible challenge of critical decisions and business processes.• Perform other duties and/or special projects as assigned.Qualifications/Requirements:• Bachelor’s degree and 5+ years in a consumer and/or commercial Fraud/Credit/ Risk, Finance, or Analytics role or in lieu of a Bachelor's degree, 9+ years of experience building analytically derived strategies in Fraud, Marketing, Risk or Collections in Financial services.• 3+ years of experience working with statistical tools such as SAS, Model Builder Decision Tree, Knowledge Seeker or others.Desired Characteristics:• 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 (or credit) 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.Grade/Level: 12The salary range for this position is 110,000.00 - 185,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.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.#J-18808-Ljbffr
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Average salary estimate

$147500 / YEARLY (est.)
min
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$110000K
$185000K

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What You Should Know About VP, Portfolio Fraud Manager, Synchrony

If you're looking for an exciting opportunity to lead fraud prevention strategies at a prominent company, the role of VP, Portfolio Fraud Manager at Lowe’s could be your next big career move! Set in Kansas City, KS, this role is all about crafting and implementing effective fraud strategies while ensuring an amazing customer experience. You’ll be working closely with senior leadership and a dedicated team to minimize fraud losses across Lowe’s credit products. Your insights and analytics will help develop innovative approaches that not only protect the company’s interests but also enhance the overall service for customers. The responsibilities are diverse, ranging from collaborating with cross-functional teams to manage escalations, driving communication initiatives, and overseeing chargebacks. Your expertise in data analytics tools like SAS and Tableau will be valuable as you prepare client-facing presentations and contribute to process improvements. Imagine being at the forefront of fraud risk management, using your experience to effect real change while mentoring junior members of your team. With a competitive salary and a bonus structure based on your performance, this role promises to be both fulfilling and rewarding. If you have a blend of analytic skills and strategic vision, Lowe's is eager to meet you and see how you can drive the future of their fraud management initiatives!

Frequently Asked Questions (FAQs) for VP, Portfolio Fraud Manager Role at Synchrony
What are the responsibilities of the VP, Portfolio Fraud Manager at Lowe’s?

The VP, Portfolio Fraud Manager at Lowe's is responsible for developing and optimizing fraud strategies across both consumer and commercial portfolios, ensuring effective collaboration with the fraud teams. This involves analyzing data to identify fraud patterns, leading project management efforts, and presenting analytics to senior leadership. Additionally, this role entails overseeing chargebacks, managing escalations, and engaging with various departments to enhance fraud controls and improve the overall customer experience.

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What qualifications are required for the VP, Portfolio Fraud Manager position at Lowe’s?

To qualify for the VP, Portfolio Fraud Manager role at Lowe's, candidates should possess a Bachelor's degree, with at least five years of relevant experience in fraud, credit, risk, finance, or analytics. Alternatively, nine years of analytical strategy experience may substitute for the degree requirement. Expertise in statistical tools such as SAS, programming skills, and a strong analytical mindset are also necessary to succeed in this role.

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How does the VP, Portfolio Fraud Manager collaborate with other teams at Lowe's?

Collaboration is key for the VP, Portfolio Fraud Manager at Lowe's, as this position involves working closely with cross-functional fraud teams, strategy partners, and Lowe's Asset Protection teams. You’ll synchronize efforts to identify emerging risks, share insights, and develop strategies that mitigate fraud while ensuring that the overall portfolio is positioned for growth.

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What can a candidate expect from the salary and benefits of the VP, Portfolio Fraud Manager role at Lowe’s?

Candidates for the VP, Portfolio Fraud Manager position at Lowe's can expect a competitive salary range from $110,000 to $185,000 annually, along with eligibility for an annual bonus based on individual and company performance. Beyond financial compensation, the role offers the opportunity to influence fraud strategy and contribute meaningfully to a leading brand.

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What skills are most important for the VP, Portfolio Fraud Manager at Lowe’s?

Key skills for the VP, Portfolio Fraud Manager role at Lowe's include advanced data analysis capabilities, strong communication and presentation skills, and the ability to influence across various leadership levels. Familiarity with fraud decision systems and experience in using programming languages like SAS or Python to develop strategic insights are also significant assets for successful candidates.

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Common Interview Questions for VP, Portfolio Fraud Manager
Can you describe your experience with analyzing large datasets in fraud management?

In answering this question, highlight specific instances where you've handled large datasets to derive actionable fraud strategies. Be sure to mention tools and methodologies you used, such as SAS or data mining techniques. Illustrate your analytical skills by detailing how your insights led to noteworthy changes in strategy or reduced fraud losses.

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What strategies have you implemented to minimize fraud losses in previous roles?

Provide concrete examples of strategies you’ve developed in past roles, focusing on how they were implemented and their outcomes. Discuss your analytical approach and the metrics you monitored to ensure success. Emphasizing a results-oriented mindset will resonate well with the interviewers.

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How do you approach project management within fraud risk initiatives?

Share your methodology for managing projects, detailing how you prioritize tasks, manage cross-functional teams, and measure the success of initiatives. You can talk about specific project management tools or frameworks you have used, and be sure to conclude with a specific project that illustrates your effectiveness.

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Can you provide an example of how you've influenced executive decision-making?

Highlight a situation where your analytics or recommendations led to a major decision by upper management. Discuss how you communicated your insights and the impact of your contribution on the overall strategy, emphasizing your leadership and persuasion skills.

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How do you stay informed about trends and changes in the fraud management industry?

Share the resources you utilize to stay updated, such as industry publications, webinars, conferences, or networking groups. Illustrate how you apply this knowledge to your work, particularly in adjusting strategies swiftly based on market and regulatory changes.

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What role do you believe communication plays in fraud risk management?

This is an opportunity to express the importance of effective communication in risk management. Talk about how clear communication across departments can enhance fraud prevention strategies and encourage a culture of vigilance within the organization.

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Describe your experience with regulatory compliance in fraud management.

When addressing this question, cite past roles where you've ensured compliance with relevant laws and regulations. Be specific about how you managed compliance measures and identify any challenges you faced and how you overcame them.

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How do you measure the effectiveness of fraud strategies implemented?

Discuss the key performance indicators (KPIs) you monitor, such as fraud loss ratios, chargeback ratios, and customer feedback. Explain how you use these metrics to refine and optimize fraud prevention strategies proactively.

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What tools and technologies do you prefer for fraud risk assessment?

Share your experience with various technological tools, such as SAS, Tableau, or machine learning algorithms. Explain how you decide which tools are most effective for specific tasks and how they fit into your overall strategy.

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What do you think is the biggest challenge facing fraud management today?

Provide an insightful perspective on current challenges in the fraud management landscape, such as increased digital transactions or sophisticated fraud techniques. Propose potential approaches to address these challenges, demonstrating your industry knowledge and strategic thinking.

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Full-time, on-site
DATE POSTED
December 23, 2024

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