Synchrony

VP, Consumer Bank - Product

Synchrony$110K — $185K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of product management experience in consumer banking, fintech, or digital financial services
  • Ability to travel - 20%

Responsibilities

  • Define the product vision and multi-year roadmap for digital deposit experiences
  • Partner with cross-functional teams to drive innovative product solutions
  • Monitor product metrics and KPIs to prioritize capabilities
  • Conduct competitive benchmarking and market analysis to identify opportunities
  • Shape the product backlog and prioritize features based on impact and feasibility
  • Collaborate with various teams to deliver high-quality product releases
  • Manage vendor and partner relationships in the banking ecosystem

Benefits

  • Flexible working options with remote and in-office engagement
  • Potential for annual bonus based on performance
  • Opportunity for career growth within the organization
  • Exposure to cross-functional teams and product management practices
  • Engagement in strategic planning and product vision development
Full Job Description
Role Summary/Purpose:

The VP, Consumer Bank Product is responsible for the management of Synchrony's Consumer Bank products through various channels. We are seeking a strategic and execution-focused Product Manager to help with the vision, KPIs, and roadmap of our digital deposit product- including savings, money market, and CDs - across web and mobile channels. You will sit at the intersection of business strategy, customer experience, and technology, acting as the connective tissue between engineering, finance, strategic initiatives, compliance, risk, and marketing.

Essential Responsibilities:
  • Define the product vision and multi-year roadmap for digital deposit acquisition, onboarding, and servicing experiences. Own annual strategy planning and roadmap whitepaper creation with external benchmarking and latest thoughts around business needs.
  • Partner with the Consumer Bank SI, Pricing, CX, and Marketing teams to drive innovative product management and solutions
  • Monitor and measure product metrics and KPIs to define product success and prioritize future capabilities
  • Conduct competitive benchmarking and market analysis to identify whitespace opportunities and feature gaps. Maintain a strong understanding of our competitor products and experiences, and proactively communicate and activate on industry trends
  • Coordinate with SI & Marketing to shape the product backlog; prioritize features based on customer impact, business value, and technical feasibility
  • Partner closely with Engineering, UX/Design, Data Science, Compliance, Legal, Fraud, and Operations to deliver high-quality releases
  • Coordinate with Marketing on go-to-market plans, customer communications, and feature adoption campaigns
  • Manage vendor and third-party partner relationships where applicable (e.g., core banking integrations, EWS, Yoodle, etc...)
  • Define KPIs and success metrics for all products and initiatives (e.g., funnel conversion, activation rates, deposit balances, NPS)
  • Present performance updates and executive-level readouts to senior stakeholders
  • Perform other duties and/or special projects as assigned


Qualifications/Requirements:
  • 7+ years of product management experience, preferably in consumer banking, fintech, or digital financial services
  • Ability to travel - 20%


Desired Characteristics:
  • Experience working and successfully influencing cross-functional teams
  • Exceptional relationship building
  • Strong analytical skills and digital technology skills
  • Strong understanding of deposit products (DDA, savings, CDs, money market) and associated regulatory landscape (Reg D, Reg E, FDIC)
  • Demonstrated ability to deliver end-to-end digital experiences on web and mobile
  • Proficiency with Agile methodologies and tools (Jira, Confluence, or similar)
  • Customer obsession with a strong eye for UX/UI quality
  • Analytical mindset; able to translate data into product decisions
  • Strong stakeholder management and organizational influenceComfort operating in ambiguity and driving clarity for the team
  • Excellent verbal and written communication skills


Grade/Level: 12

The 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.

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).


Job Family Group:
Finance

About Synchrony

Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®.
Learn more about Synchrony
Size
18,000 employees
Market Cap
$14.4 billion
Industry
Net Income
$1.3 billion
Founded
1993
5 Year Trend
+0.7%
NASDAQ

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