VP, Credit Model Management

JOB_POSTING-3-67593

Job Description

Role Summary/Purpose:

The VP, Credit Model Management will manage model risk throughout the Credit lifecycle. The successful candidate will be responsible for managing key aspects of model governance framework, including development, vendor management, monitoring, validation, implementation and regulatory responses. We are looking for a candidate who is curious and passionate about developing innovative solutions and has experience in big data environments, machine learning, 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

• Lead model projects working closely with vendors and/or cross-functionally
• Identify and test models
• Work on data collection, data cleansing, methodology evaluation, model assessment, model development, testing and validation.
• Maintain comprehensive model documentations needed to meet regulatory requirements.
• Analyze datasets in order to find opportunities through data analytics
• Lead the model monitoring process, including root cause drivers of any material shifts in model performance, manage discussions with Model Owners, maintain model change logs
• Manage model approval process with legal/compliance, model validation & development, business user and other governance teams
• Assist the model sponsor and model owners in providing model technical documentation and responses related to model risk management for internal/ external reviews
• Manage model Inventory & model changes; drive model simplification in business
• Manage audit and validation requests, and develop remediation plan for timely resolution on any issues uncovered through those requests
• Perform other duties and/or special projects as assigned
  
  

Qualifications/Requirements

• Bachelor’s degree or higher in a quantitative discipline and 8 years of experience in Credit Risk / Financial Industry or; in lieu of a degree, 10 years of experience in Credit Risk / Financial Industry
• 4 years of progressive experience in model development or validation
• 2 years hands on programming experience leveraging tools such as SAS/SQL/R/Python etc.
• 4 years working with large data sets
• Deep familiarity with model risk management under SR 11-7 model governance requirements
  
  

Desired Characteristics

• Extensive experience with Compliance/ legal in interpreting and implementing quantitative regulatory requirements within business settings
• Excellent writing, communication and interpersonal skills
• Experience in developing consumer credit risk models
• Direct exposure with delivering on data requests for auditors/examiners
• Proven ability to lead a team of analysts
• Strong leadership skills to drive change and results
• Understanding of Heightened Standards, fair lending, CECL, and/or the OCC Model Risk Management Examiner Handbook
• Machine learning experience including the ability to conduct gradient boosting, neural network, random forest and other innovative techniques
• Ability to explain how an AI model or machine learning system reached a decision, prediction, or recommendation in a way that humans can understand
  
  

Grade/Level: 12

The salary range for this position is 130,000.00 - 210,000.00 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 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

• 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