Job Description:Role Summary/Purpose:The AVP, Model Validation is responsible for model validation focusing on Loss/reserve /recovery  forecast and other models 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.Our Way of WorkingWe’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.Applicants external to Synchrony who are currently employed on H-1B visa must have at least 2 years of eligibility remaining on their current visa term in order for Synchrony to petition for an employment based visa on behalf of such applicant.  L1 visa would be considered for an internal candidate meeting all requirements for the L1 and all US Synchrony eligibility requirements. Applicants holding other types of visas, such as F-1 visas, must have at least 2 years of eligibility that would permit them to work for Synchrony.Essential Responsibilities:<ul><li>Serve as a key contributor  to perform full scope model review, annual review, on going monitoring model performance etc. for both internally and vendor-developed models, including new and existing, statistical and Machine learning models, particularly in the area of loss forecast, with effective challenges to identify potentials issues requiring further investigation, and resolve problems </li><li>Perform in-depth analyses on model methodologies, assumptions, and performance trends based on large datasets and identify key model risk, limitations and issues for in-house developed models as well as third-party models with proprietary nature.</li><li>Lead and supervise the full scope end-to-end validation for both pre-implementation validation and revalidation and other reviews (annual review, limited scope review, change review, etc.), be held full accountability on the validation quality, and drive the timeline and completion of the projects with minimal guidance from the review manager/supervisors</li><li>Provide sufficient coaching and guidance to junior team members by offering mentorship, training, and constructive performance . Facilitate continuous improvement by addressing challenges and fostering a supportive team environment. </li><li>Keep pace with the latest model developments and validation practice in academic , regulatory environment and financial services industries to provide technical consultation and process improvement to MRM </li><li>Provide comprehensive support during regulatory examinations and internal audits of the model validation process by preparing necessary documentation, addressing inquiries and questions, presenting model reviews and assisting in remediation of observations, etc.</li><li>Collaborate and engage with various Synchrony functional teams to uncover, highlight, and identify model risk associated with models. Keep maintenance of relevant model and model validation documentation, perform in depth analysis and reports to support discussions on key analytics and model risks.</li><li>Support model governance initiatives and perform other duties and/or special projects as assigned.</li><li>Perform other duties and/or special projects as assigned.</li></ul>Qualifications/Requirements:<ul><li>Masters degree (or foreign equivalent) in Statistics, Mathematics, and +4 years experience in model development / model validation experience in the retail section of a U.S.  financial services or banking; in lieu of a Master’s degree, 8 years’ experience in model development / model validation experience. </li><li>Strong understanding and application of quantitative analysis methods  or approaches in relation to credit loss /reserve/recovery models, CECL, etc.</li><li>Thorough business knowledge and sharp acumen in loss forecasting with comprehensive understanding and strategic insight supporting ACL ( Allowance for Credit Losses) and financial /capital planning </li><li>Strong programing skills with 4+ years’ hands-on and proven experience utilizing Python, Spark , SAS, SQL, AWS, Data Lake to perform statistical analysis and manage complex or large amounts of data 4 years’ experience </li></ul>Desired Characteristics:<ul><li>Advanced knowledge of Regulatory requirements for Model Risk Management (SR 11-7, OCC 2011-12, etc), CCAR, etc.</li><li>5+ years of proven experience in Model Risk Management or model development  in the financial services industry including both analytic/modeling/quantitative experience and governance or other credit/financial discipline.</li><li>Solid knowledge and experience of credit loss models such as Loss forecasting (PD/LGD/EAD. CECL, Roll rate, etc), Stress testing, Allowance.</li><li>Solid knowledge in machine learning model techniques </li><li>Proven experience in people and project management, including demonstrated ability to develop actionable plan to meet high level objectives, strong execution, and timeline sensitive deliverables.</li><li>Sharp focus on accuracy with extreme attention to detail.</li><li>Excellent written and oral communication and presentation skills.</li></ul>Grade/Level: 11The salary range for this position is 115,000.00 - 200,000.00 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:<ul><li>You must be 18 years or older</li><li>You must have a high school diploma or equivalent</li><li>You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process</li><li>You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.</li><li>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).</li></ul>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: <ul><li>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.</li><li>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</li></ul>Job Family Group:Credit

Synchrony Ventures

AVP, Model Validation 20 Locations

Synchrony Ventures