AVP, Model Validation

Synchrony Bank-posted 8 months ago
$115,000 - $200,000/Yr
Full-time • Mid Level
Remote • Stamford, CT
Credit Intermediation and Related Activities
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The AVP, Model Validation is responsible for model validation focusing on Loss/reserve/recovery forecast and other models and ensure they are meeting the related Model Risk Management policies, standards, procedures as well as regulations (SR 11-7). 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. 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.

  • Serve as a key contributor to perform full scope model review, annual review, ongoing monitoring model performance for both internally and vendor-developed models.
  • Perform in-depth analyses on model methodologies, assumptions, and performance trends based on large datasets.
  • Lead and supervise the full scope end-to-end validation for both pre-implementation validation and revalidation.
  • Provide sufficient coaching and guidance to junior team members by offering mentorship, training, and constructive performance feedback.
  • Facilitate continuous improvement by addressing challenges and fostering a supportive team environment.
  • Keep pace with the latest model developments and validation practice in academic, regulatory environment and financial services industries.
  • Provide comprehensive support during regulatory examinations and internal audits of the model validation process.
  • Collaborate and engage with various Synchrony functional teams to uncover, highlight, and identify model risk associated with models.
  • Keep maintenance of relevant model and model validation documentation.
  • Support model governance initiatives and perform other duties and/or special projects as assigned.
  • Master's degree (or foreign equivalent) in Statistics, Mathematics, and +4 years' experience in model development/model validation experience in the retail section of a U.S. financial services or banking.
  • Strong understanding and application of quantitative analysis methods or approaches in relation to credit loss/reserve/recovery models.
  • Thorough business knowledge and sharp acumen in loss forecasting with comprehensive understanding and strategic insight supporting ACL (Allowance for Credit Losses) and financial/capital planning.
  • Strong programming skills with 4+ years' hands-on and proven experience utilizing Python, Spark, SAS, SQL, AWS, Data Lake.
  • 4 years' experience in model development/model validation experience.
  • Advanced knowledge of Regulatory requirements for Model Risk Management (SR 11-7, OCC 2011-12, etc), CCAR.
  • 5+ years of proven experience in Model Risk Management or model development in the financial services industry.
  • Solid knowledge and experience of credit loss models such as Loss forecasting (PD/LGD/EAD, CECL, Roll rate, etc), Stress testing, Allowance.
  • Solid knowledge in machine learning model techniques.
  • Proven experience in people and project management.
  • Annual bonus based on individual and company performance.
  • Flexible working options including remote work.
  • Diversity and inclusion initiatives.
  • Support for career growth and development.
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