SVP, Synchrony Ventures - Synchrony
Chicago, IL
About the Job
Job Description:
Role Summary/Purpose:
The SVP, Synchrony Ventures, is responsible for the company's capital investing, portfolio management, organization and ecosystem development. This role leads the investment team that sources equity investments and leads due diligence efforts and will be responsible for monitoring and supporting Synchrony's portfolio of investments and strategic partnerships.
_Our Way of Working_
_We're proud to offer you choice and 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. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events._
Essential Responsibilities:
+ Partner with the Business Platform CEOs and the Executive Leadership Team to define and determine investment priorities for the business and drive growth initiatives, within the defined risk appetite.
+ Collaborate cross functionally to influence and ensure senior leadership buy-in on Equity investment/JV opportunities.
+ Source new investments, including meeting with founders and entrepreneurs, attending relevant networking events and evaluating new prospects.
+ Build relationships with investors, corporations and other strategic networks to monitor the activity in the FinTech Investor community.
+ Lead the investment team and manage the investment pipeline reporting to keep Senior Management and the Executive Leadership Team informed on activities and opportunities.
+ Analyze investment opportunities/sectors. Formulate and present investment cases to the investment committee and the Synchrony Management Committee.
+ Lead all aspects of equity investment transactions including: sourcing, due diligence, analysis, financial modeling, structuring, negotiation and documentation.
+ Develop detailed operating and financial models to support investment decisions; model capital structure scenarios, perform sensitivity analysis and assess investment return scenarios.
+ Monitor financial/operational conditions and industry dynamics of portfolio companies, and facilitate quarterly reviews with management team.
+ Proactively work with portfolio companies to execute growth and operational improvement strategies in order to maximize value of investments.
+ Provide leadership to ensure adherence with all external and internal Compliance and Regulatory requirements. Maintain rigorous oversight of investment and commercial partnership processes; ensure compliance through the development of and adherence to risk control mechanisms.
+ Develop and maintain excellent working relationship with all internal and external key stakeholders
+ Perform other duties and/or special projects as assigned.
Qualifications/Requirements:
+ Bachelor's degree and 10+ years of relevant work experience in the Financial Services field. Or in lieu of a degree, High School Diploma or GED and 14+ years of relevant work experience in the Financial Services field.
+ Minimum 5 years of experience originating, leading and executing equity investments or venture capital transactions.
+ Minimum of 5 years negotiation experience
+ Minimum of 5 years team leadership experience in financial services or venture capital industry
+ Minimum of 3 years of experience with a corporate venture group, venture capital fund, or private equity firm, or as an entrepreneur.
+ Strong network of contacts in the venture capital industry and entrepreneurs in the fintech and payments ecosystems
+ In-depth knowledge of corporate venture capital groups integrate within the business unit and of direct competitors (products/services).
+ Skilled communicator who influences and negotiates with great latitude on outcomes.
+ Experience developing high-end presentations and delivering them to a C-Level Suite in a company as well as to a large audience
+ Ability to manage a high-performing team as well as influence manage indirectly others across the organization.
+ Superior Financial Acumen and Modeling Capabilities
+ Must be willing to travel up to 50% of the time.
Desired Characteristics:
+ MBA
+ Prior consumer finance, payments, or fintech experience.
+ Demonstrated strong attention to detail and analytical skills.
+ Financial Services Industry Experience.
+ Demonstrated ability to manage multiple priorities.
+ Strong Financial Reporting Background.
Grade/Level: 16
The salary range for this position is 220,000.00 - 370,000.00 USD Annual. This position is also eligible for an Annual Incentive Plan target of 30% of salary and an Annual Equity target of 30% of salary.
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.
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 a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ (https://www.synchronycareers.com/our-culture/#diversity) , with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions.
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.
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
Job Family Group:
Business Strategy
Role Summary/Purpose:
The SVP, Synchrony Ventures, is responsible for the company's capital investing, portfolio management, organization and ecosystem development. This role leads the investment team that sources equity investments and leads due diligence efforts and will be responsible for monitoring and supporting Synchrony's portfolio of investments and strategic partnerships.
_Our Way of Working_
_We're proud to offer you choice and 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. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events._
Essential Responsibilities:
+ Partner with the Business Platform CEOs and the Executive Leadership Team to define and determine investment priorities for the business and drive growth initiatives, within the defined risk appetite.
+ Collaborate cross functionally to influence and ensure senior leadership buy-in on Equity investment/JV opportunities.
+ Source new investments, including meeting with founders and entrepreneurs, attending relevant networking events and evaluating new prospects.
+ Build relationships with investors, corporations and other strategic networks to monitor the activity in the FinTech Investor community.
+ Lead the investment team and manage the investment pipeline reporting to keep Senior Management and the Executive Leadership Team informed on activities and opportunities.
+ Analyze investment opportunities/sectors. Formulate and present investment cases to the investment committee and the Synchrony Management Committee.
+ Lead all aspects of equity investment transactions including: sourcing, due diligence, analysis, financial modeling, structuring, negotiation and documentation.
+ Develop detailed operating and financial models to support investment decisions; model capital structure scenarios, perform sensitivity analysis and assess investment return scenarios.
+ Monitor financial/operational conditions and industry dynamics of portfolio companies, and facilitate quarterly reviews with management team.
+ Proactively work with portfolio companies to execute growth and operational improvement strategies in order to maximize value of investments.
+ Provide leadership to ensure adherence with all external and internal Compliance and Regulatory requirements. Maintain rigorous oversight of investment and commercial partnership processes; ensure compliance through the development of and adherence to risk control mechanisms.
+ Develop and maintain excellent working relationship with all internal and external key stakeholders
+ Perform other duties and/or special projects as assigned.
Qualifications/Requirements:
+ Bachelor's degree and 10+ years of relevant work experience in the Financial Services field. Or in lieu of a degree, High School Diploma or GED and 14+ years of relevant work experience in the Financial Services field.
+ Minimum 5 years of experience originating, leading and executing equity investments or venture capital transactions.
+ Minimum of 5 years negotiation experience
+ Minimum of 5 years team leadership experience in financial services or venture capital industry
+ Minimum of 3 years of experience with a corporate venture group, venture capital fund, or private equity firm, or as an entrepreneur.
+ Strong network of contacts in the venture capital industry and entrepreneurs in the fintech and payments ecosystems
+ In-depth knowledge of corporate venture capital groups integrate within the business unit and of direct competitors (products/services).
+ Skilled communicator who influences and negotiates with great latitude on outcomes.
+ Experience developing high-end presentations and delivering them to a C-Level Suite in a company as well as to a large audience
+ Ability to manage a high-performing team as well as influence manage indirectly others across the organization.
+ Superior Financial Acumen and Modeling Capabilities
+ Must be willing to travel up to 50% of the time.
Desired Characteristics:
+ MBA
+ Prior consumer finance, payments, or fintech experience.
+ Demonstrated strong attention to detail and analytical skills.
+ Financial Services Industry Experience.
+ Demonstrated ability to manage multiple priorities.
+ Strong Financial Reporting Background.
Grade/Level: 16
The salary range for this position is 220,000.00 - 370,000.00 USD Annual. This position is also eligible for an Annual Incentive Plan target of 30% of salary and an Annual Equity target of 30% of salary.
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.
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 a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ (https://www.synchronycareers.com/our-culture/#diversity) , with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions.
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.
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
Job Family Group:
Business Strategy
Source : Synchrony