What are the responsibilities and job description for the AVP, Credit Model Development position at Synchrony?
Job Description :
Role Summary / Purpose :
We are looking for an AVP, Credit Model Development candidate who is curious and passionate about developing innovative solutions and has experience in big data environments, computer programming, Hadoop, Spark, Python, etc. The successful candidate will have excellent communication & project management skills, strong model development experience and good understanding of model risk.
Our Way of Working
We'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.
Essential Responsibilities :
- Build and enhance credit risk and fraud risk models.
- Drive development of in-house credit and transaction fraud models, particularly developing scorecard models
- Utilize internal and external data sources and work on big data environment
- Work on data collection, data cleansing, methodology evaluation, model assessment, model refreshment, implementation testing and documentation.
- Maintain comprehensive model documentation
- Support implementation team(s) on model testing process including implementation specifications development, model testing development and execution to ensure model is appropriately implemented and produces output as designed
- Support the Model Owner throughout model lifecycle from model initiation to model retirement, including enhancements / recalibrations
- Present complex items to varied audiences (co-developers, data warehouse / IT managers, as well as executive leadership)
- Maintain the existing credit risk and fraud risk models by improving the documentation, tracking model changes, remediating model risk findings, identifying any gaps in the model, root cause analysis etc.
- Support model validation efforts as well as respond to regulatory or audit request
- Take models through fair lending and Legal approval process and provide insights on model use, model explainability, adverse actions etc.
- Assist in managing model monitoring process, analyzing the root cause of any material shift, optimizing performance metrics and model recalibrations.
- Provide analytical insight on model usage to strategy teams.
- Provide training to other junior team members on technical / modeling methods as needed
- Support model governance for vendor models as needed
- Perform ad-hoc analyses as required
Qualifications / Requirements :
Desired Characteristics :
Grade / Level : 11
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.
Eligibility Requirements :
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 Diversity Networks , 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 :
Job Family Group : Credit
Salary : $110,000 - $185,000
