Synchrony - AVP - Model Risk Management

Company Overview :

COMPANY OVERVIEW: Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industrys most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.

- We have recently been ranked #5 among Indias Best Companies to Work for 2023, #21 under LinkedIn

Top Companies in India list, and received Top 25 BFSI recognition from Great Place To Work India. We

have been ranked Top 5 among Indias Best Workplaces in Diversity, Equity, and Inclusion, and Top 10

among Indias Best Workplaces for Women in 2022.

- We offer 100% Work from Home flexibility for all our Functional employees and provide some of the best in-class Employee Benefits and Programs catering to work-life balance and overall well-being. In addition to this, we also have Regional Engagement Hubs across India and a co working space in Bangalore.

Organizational Overview :

Synchrony's Risk Team is a dynamic and innovative team dedicated to provide oversight as 2nd Line of Defense. As a member of this Team, you'll play a pivotal role for high quality model validation and to ensure modeling techniques and results are consistent with the respective strategic uses, models performing as intended, and complying with related MRM policies, standards, procedures as well as regulations. 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. If you are passionate about Model validation and Modelling techniques then Synchronys Risk team is the place to be.

Role Summary/Purpose :

The AVP, Model Validation is responsible for model validation. This role requires a 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. In addition, this role will be the liaison of the India validation team and U.S. model risk team to identify and execute necessary training, provide coaching, and drive a high-performance culture.

Key Responsibilities :

- Serve as a key contributor and lead analyst to complete independent model validation with minimum supervision for wide range of models, such as credit, fraud, collections, marketing, treasury, loss forecasting, capital planning, stress testing, compliance etc.

- Lead the review and maintenance of relevant model and model validation documentation, perform in depth analysis and processing of large data sets, identify questions and follow-up actions for potential model issues or weaknesses, organize constructive discussion and communication with the business, and prepare analysis and rigorous reports to support key analytics and identification of model risks with remediation plan.

- Independently lead and managing junior reviewers with their model validation projects and be accountable for on-time delivery of validation results in high quality, including ongoing monitoring review, periodic review, and pre-implementation review.

- Support business and provide insights to facilitate the identification and evaluation of issue and its root cause remediation materials, including handling of escalated discussion with the business that requires savvy solutions to complex problems.

- Perform effective challenge on the assessments of all aspects of models including theoretical aspects, model design and implementation, data integrity and reliability, sufficiency of outcomes analysis, and effectiveness of the ongoing monitoring.

- Prepare reports and presentations for the model validation project that is well-supported with accurate descriptions, analytical details, effective exchanges with the business, clearly defined issues and model weaknesses, and independent assessments and conclusions.

- Mentor and train new hires and junior reviewers to develop and enhance their understanding and performance in model risk managements processes, standards, procedures, and effective challenge.

- Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services industries in order to provide expert guidance to the Synchrony Financial functions.

- Support regulatory examinations and internal audits of the modeling process and selected models

samples.

- Continuously drive better model risk management practices and add value to the business through more

efficiency, stronger controls, better process, and strong partnership with model stakeholders.

- Perform other duties and/or special projects as assigned .

Required Skills/Knowledge :

- Minimum degree (or foreign equivalent) in Statistics, Mathematics, Economics or related quantitative

field and 5+ years' experience in model development / model validation experience in financial services,

banking, or retail, or in lieu of a degree 7+ years' experience in model development / model validation

experience in financial services, banking, or retail

- Minimum 5+ years hands-on experience with one or more statistical tools including Python, R, SAS, and

SQL, SPARK, and Data Lake.

- Minimum 5+ years of statistical analysis and the handling large amounts of data and analyzing for trends.

- Minimum 5+ years experience with the application of US regulatory requirements for Model Risk

Management.

Desired Skills/Knowledge :

- Strong knowledge of Regulatory requirements for Model Risk Management with proven track records of

delivering Regulatory requirements.

- 7+ years in Model Risk Management in modeling and validation in the financial services industry including both analytic/modeling/quantitative experience and governance or other credit/financial discipline.

- Experience in people and project management, including demonstrated ability to develop actionable

plan to meet high level objectives, strong execution, and timeline sensitive deliverables.

- Experience of working in a matrix organization with multiple stakeholders.

- Sharp focus on accuracy with extreme attention to detail.

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

- Excellent written and oral communication and presentation skills.

- Experience with Machine Learning / AI methodologies and related applications.

Eligibility Criteria : Minimum degree (or foreign equivalent) in Statistics, Mathematics, Economics or related quantitative field and 5+ years' experience in model development / model validation experience in financial services, banking, or retail, or in lieu of a degree 7+ years' experience in model development / model validation experience in financial services, banking, or retail

Work Timings :

This role qualifies for Enhanced Flexibility and Choice offered in Synchrony India and will require the incumbent to be available between 06:00 AM Eastern Time 11:30 AM Eastern Time (timings are anchored to US Eastern hours and will adjust twice a year locally). This window is for meetings with India and US teams. The remaining hours will be flexible for the employee to choose. Exceptions may apply periodically due to business needs.

Please discuss this with the hiring manager for more detail