Job Description:Role Summary/Purpose:The AVP, Model Validation is responsible for leading and 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 with minimal technical supervision and serves as a project lead who is accountable for validation results on a wide range of model categories.Our Way of WorkingWe’re proud to offer you choice and flexibility. You have the option to be remote, and work from home, or come into one of our offices. You may be occasionally requested to commute to our nearest office for in person engagement activities such as team meetings, training and culture events.Essential Responsibilities:As an independent reviewer or a review supervisor, be responsible for end-to-end independent model validations and fully 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 with abilities to enhance existing MRM standards and procedures, address problems with ambiguity, and provide effective communications to model stakeholders across the organization.Lead and coach analysts and junior reviewers in all types of review activities.Independently handle escalation of issues and dispute with model stakeholders, such as issue action plan, remediation, root cause analysis, and risk acceptance.Maintain comprehensive model validation documentation and support internal audits and regulatory examinations through exam meetings, written and oral responses to examiners’ questions.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.Lead and drive special reviews and projects in uncharted areas, with proven ability to define the scope and depth of the new project and provide solutions.Support model governance initiatives and perform other duties and/or special projects as assigned.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.4+ years’ hands-on and proven experience with data science, statistical and programing tools including Python, R, SAS, SQL, SPARK, and Data Lake.4+ years’ experience with statistical analyses with large amounts of data.4+ years’ experience with the application of US regulatory requirements for Model Risk Management.Solid mathematical and statistical knowledge and machine-learning techniques to pinpoint key model risk and methodology flaws.Desired Characteristics:Strong knowledge of U.S. regulatory requirements for Model Risk Management with proven track records of delivering regulatory requirements.5+ years’ experience working in Model Risk Management in financial services industry, including hanks-on experiences in both quantitative analytics/modeling/validation and governance.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: 11The salary range for this position is 115,000.00 - 200,000.00 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 olderYou must have a high school diploma or equivalentYou must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding processYou 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 , 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 race, color, religion, sex, 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 TimeJob Family Group: Credit
