AVP, Model Validation

Job title: AVP, Model Validation

Company: Synchrony

Job description: Job Description:

Role Summary/Purpose:

The AVP, Model Validation is responsible for model validation and ensure they are meeting the related Model Risk Management policies, standards, procedures as well as regulations (SR 11-7). This role requires high level of expertise with minimal technical supervision to serve as project lead as well as being accountable for validation results on a wide range of model categories.

We’re proud to offer you choice and flexibility. You have the option to be remote, and work from home, or come into one of our offices. You may be occasionally requested to commute to our nearest office for in person engagement activities such as team meetings, training and culture events.

Essential Responsibilities:

Serve as a key contributor and lead analyst supporting independent model validation for reserve and loss forecasting models

Perform the full scope end-to-end validation independently for assigned internally and vendor developed new models and existing models.

Lead the review and maintenance of relevant model and model validation documentation, perform in depth analysis on large data sets, and prepare analysis and reports to support discussions on key analytics and model risks.

Work closely within the Risk organization to validate accuracy and performance of all models, whether statistical/AI/ML or non-statistical to identify any issues requiring further investigation, and resolve problems independently.

Consult and interact with the Synchrony business teams to uncover, highlight, and identify model risk associated with models.

Provide technical consultation and process improvement to MRM on recommended solution based on solid research in the academic and industry practice.

Keep pace with the latest model developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services industries in order to provide expert guidance to the Synchrony Financial functions.

Organize specialized team and provide resolution of questions and disputes on statistical/analytical issues, including the governance of dynamic-updating models and adverse action algorithm.

Support regulatory examinations and internal audits of the modeling process and selected the models samples.

Collaborate across other functional teams – Forecasting and Reserves, Stress Testing/Capital Management, Model Development

Perform other duties and/or special projects as assigned.

Qualifications/Requirements:

Master’s degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 4+ years’ experience in model development / model validation experience in financial services, banking, or retail; in lieu of a Master’s degree, 8 years’ experience in model development / model validation experience in financial services, banking, or retail

Strong programing skills in Python, Spark, SAS, SQL with 4+ years’ experience and proven hands-on experience utilizing Python, Spark , SAS, SQL to perform statistical analysis and manage large amounts of data

Knowledge and experience of risk management, and credit loss models such as Loss forecasting, Stress testing, Allowance.

4 years’ experience with the application of US regulatory requirements for Model Risk Management.

Desired Characteristics:

Strong knowledge of Regulatory requirements for Model Risk Management with proven track records of delivering Regulatory requirements.

5+ years of proven experience n Model Risk Management in modeling and validation in the financial services industry including both analytic/modeling/quantitative experience and governance or other credit/financial discipline.

Experience in project management, including demonstrated ability to develop actionable plan to meet high level objectives, strong execution, and timeline sensitive deliverables.

Sharp focus on accuracy with extreme attention to detail.

Excellent written and oral communication and presentation skills.

Grade/Level: 10

The salary range for this position is 75,000.00 – 130,000.00 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 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 , 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: Credit

Expected salary: $75000 – 130000 per year

Location: New York City, NY

Job date: Mon, 20 Nov 2023 08:33:32 GMT