VP, Ventures

Job Description:

Role Summary/Purpose:

This role entails active leadership of all areas of corporate venture capital investing, portfolio management and ecosystem development.  The VP, Ventures will be expected to source new deals, drive due diligence efforts, monitor and support Synchrony’s portfolio investments and build Synchrony Ventures brand in the ecosystem. You will be part of a small and high-impact team, with direct exposure to senior management and all aspects of the investment process.  This role offers a unique opportunity to be a key impact player and have significant involvement in the evolution of Synchrony Ventures.  This role reports to the SVP of Synchrony Ventures and is part of the Business Strategy & Development organization.

Essential Responsibilities:

• Lead all aspects of the Ventures process for assigned Platform/industries

• Align with internal Stakeholders: Develop deep relationships across the synchrony organization to identify themes and trends of strategic relevance. During diligence, collaborate with internal stakeholders to assess strategic fit and value.  

• Market assessment: Scan the market to identify emerging themes and trends of potential relevance to SYF.

• Deal Sourcing: Source investment opportunities aligned to identified themes through various channels. Serve as initial filter to screen opportunities.

• Conduct Deal Due Diligence: Perform thorough due diligence on potential investments including financial analysis, TAM and competitive differentiation, team evaluation, and customer reference checks. Independently run diligence processes with assistance from relevant team members and functional stakeholders. Build presentations.

• Post-closing Portfolio Support: Provide ongoing monitoring of portfolio companies, including relevant internal reporting and KPI tracking. Attend board meetings and perform relevant Board Observer duties.

• Network Building & Thought Leadership: Cultivate relationships across the broader Venture and Entrepreneurship community to drive deal flow. Support and execute on strategic brand building and represent the firm at relevant industry and internal events.

• Perform other duties and/or special projects as assigned

Qualifications/Requirements:

• 1) Bachelor’s Degree and Minimum of 8 years of professional experience including industries such as Fintech, Financial services / Payments, Retail or Healthcare industry experience   or 2) in lieu of a Bachelor Degree, a High School Diploma / GED and  10 years relevant Fintech, Financial Services / Payments, Retail or Healthcare industry experience; or 3)  Master’s Degree and  7 years relevant Fintech, Financial Services/ Payments, Retail or Healthcare industry experience.

• Understanding of relevant technologies

• Ability to travel up to 20%

Desired Characteristics:

• Demonstrated ability to build a network internally and externally - network partners including startups, investors, corporates and other ecosystem partners, and universities

• Demonstrated ability to develop data-driven perspectives on market trends and emerging technologies and present insights to executive audiences

• Willing to go to networking events in NYC and/or San Francisco

• Prior Start-up and/or Venture Capital experience

• 5+ Years of Start-up and/or Venture Capital experience leading deals wing-to-wing

• MBA or other relevant Master’s Degree

• Fintech and or venture capital experience is preferred ; Fintech experience – startup and enterprise side

• Strong tech understanding of new Technologies such as AI, machine learning

• Understanding of payments space

• Deep understanding of and/or exposure of how the latest technologies are impacting Financial Services, Retail, and/or Health

• Strong connections to the startup community, investors, and entrepreneurs

• Intellectual curiosity and relentless drive to learn

• Exceptional initiative, attention to detail and capacity to work in a self-directed manner

• Excellent verbal and written communication skill

• Cross-functional experience within an enterprise organization

• Risk identity / fraud space understanding within the fintech / financial institution and /or payments space

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.

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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