Job Description

Reporting to the SVP, Model Risk, this role will manage the model risk management framework and overall model governance process and oversight for Synchrony Financial.

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.

Key Responsibilities

• Management of the Model Risk Policy and Standards including the development and implementation of key control processes and supporting procedures
• Partner with the validation center of excellence (COE) to systematically address the opportunities identified through the quality assurance program and model community's feedback to continuously improve validation rigor, value, speed, and model stakeholder experience
• Provide strategic guidance and innovative directions to the, and lead the implementation of best practices and recommendations
• Maintenance and enhancement of the centralized Model Inventory and Attestation Process
• Serve as Secretary of the Model Risk Oversight Sub-Committee and supporting Working Group, responsible for agendas, meeting minutes, charter maintenance, etc.
• Key liaison to support other 2nd line of defense risk pillars activities such as Enterprise Risk Assessment, Risk and Control Self-Assessment, and Issue Management processes, etc., and strengthen strategic positioning by integrating insights and best practices across risk management functions.
• Deliver comprehensive management reports on both individual and aggregate model risk
• Identify thematical issues, and provide actionable insights and guidance to the 1st line to proactively manage and mitigate model risk
• Partner with the supplier risk management and source to pay team to manage and enhance the model vendor onboarding process, ensuring a seamless integration of vendor capabilities to support robust model development and deployment
• Facilitate regulatory examinations and internal audits of the modeling process and lead the model governance sessions to ensure compliance and foster continuous improvement in model risk management practices
• Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house), and financial services to provide expert, practical advice to ensure the group stays relevant and current

Requirements

• An in-depth understanding of machine learning framework and risk management in a large banking institution framework
• ~ Owned or managed 2nd LOD policy and standard
• ~ Direct experience working with regulators as it relates to standards and policy interactions
• ~ 1 years experience managing people
• ~ Masters degree with emphasis in Statistics, Mathematics, Business, Economics, Finance or other quantitative field
• ~ 5 years in model risk management or other risk governance in financial services, banking, or retail
• ~ In lieu of a Masters degree, a bachelors degree (or foreign equivalent) in Statistics, Mathematics, Economics or related quantitative filed and 9 years experience in model risk management or other risk governance in financial services, banking, or retail
• 6 years in the financial services industry including both analytic/modeling/quantitative experience and governance / policy related roles.
• Excellent Project Management Skills, as well as oral and written communication skills
• Proficient in Microsoft applications, including Excel Macros
• Strong knowledge of Regulatory requirements for Model Risk (e.g. SR 11-7/OCC 2011-12) with proven track record of delivering Regulatory requirements and other Regulatory requirements