Job Description

Job Description:

Role Summary/Purpose:

The AVP, Model Validation is responsible for performing end-to-end model validations and ensure they are meeting the internal MRM policies, standards, procedures as well as regulatory guidance (SR 11-7). This role requires extensive modeling expertise and serves as a project lead who is accountable for validation results on a wide range of model categories.

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.

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:

• Work as an independent reviewer who is responsible for end-to-end independent model validations and accountable for the quality of validation results and the compliance of validation and governance processes, drives communications and timelines with minimal guidance.

• Provide effective challenges for models built using a wide range of methodologies/techniques, including statistical methods, scorecards, machine-learning algorithms, business forecasting methods, etc., which are used by various businesses and functions within Synchrony to support credit risk, interest rate risk, liquidity risk, deal pricing, valuations, capital plan and stress testing, marketing, consumer banking frauds, and etc.

• 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.

• Serves as a subject matter expert of model risk management to effectively communicate with model stakeholders and support enhancements of existing MRM standards and procedures.

• Maintain comprehensive model validation documentation and support internal audits and regulatory examinations by providing documentation and addressing inquiries and feedback .

• Conduct independent research on regulatory requirements, industry best practice, latest technical/statistical/AI/ML methodologies and algorithms, and keep pace with the latest model development and validation in academia, regulatory environment, and financial services industry.

• Support model governance initiatives and perform other duties and/or special projects as assigned.

Qualifications/Requirements:

• Master's degree (or foreign equivalent) in Statistics, Mathematics, Economics, Quantitative Finance or related quantitative fields and 4+ years' experience in model development and/or model validation in financial services institutions or retail banking; in lieu of a Master’s degree, 8+ years’ experience in model development and/or model validation in financial services institutions or retail banking.

• Solid mathematical and statistical knowledge and machine-learning techniques to pinpoint key model risk and methodology flaws.

• 3+ years’ hands-on and proven experience with data science and programing tools including Python, SAS, R, SQL, SPARK, and Data Lake.

• 3+ years’ experience with statistical analyses with large amounts of data.

• 3+ years’ experience with the application of US regulatory requirements for Model Risk Management in a financial institution.

Desired Characteristics:

• Strong knowledge of U.S. regulatory requirements for Model Risk Management with proven track records of delivering regulatory requirements.

• 4+ years’ experience working in a Model Risk Management in the financial services industry, including hands-on experiences in model validation, model development and quantitative analytics.

• Broad domain expertise on modeling, consumer credit risk, interest rate risk, funding and liquidity risk, valuations, deal pricing, capital plan and stress testing, loss forecasting, consumer fraud, and marketing analytics.

• Strong programing skills and problem solving skills to develop and validate large scale and complex programing codes.

• Experience in people and project management, demonstrating ability to develop actionable plan to meet high level objectives, strong execution, and timeline-sensitive deliverables.

• Sharp focus on accuracy with extreme attention to details.

• Knowledge of Credit Card/Consumer Finance products and business model.

• Excellent written and oral communication and presentation skills.

Grade/Level: 10

The salary range for this position is 100,000.00 - 170,000.00 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.

• N ew 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 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:

• 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

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