VP, Credit Model Development

Company: Synchrony Financial
Location: Draper
Posted on: May 10, 2022

Job Description:

Job Description:

Role Summary/Purpose:

Synchrony's Credit and Capital Management team is looking for an experienced credit risk professional who has proficiency in regulatory (SR11-7/OCC 2011-12) modeling frameworks with a focus on Loss Forecasting, ALLL, Stress Testing and Capital Planning models (preferably Credit Cards or Consumer Lending). The role requires the individual to have a combination of statistical/quantitative as well as software/programing skills using big data. The incumbent will manage a team and serve as a Project Lead in developing robust and cutting-edge modeling solutions by executing on key responsibilities outlined below. Reporting to the Credit Model Development Leader, this role presents unique opportunity for a well-rounded candidate to display strong characteristics of model development, thought leadership, project and team management, analytic excellence, and business acumen.

This position is remote, where you have the option to work from home. On occasion we may request for you to commute to our nearest office for in person engagement activities such as team meetings, training and culture events. To ensure the safety of our colleagues and communities, we require employees who come together in-person to be fully vaccinated. We're proud to offer you choice and flexibility.

Essential Responsibilities:
Develop agile modeling solutions to meet business needs in the areas of loss forecasting, ALLL, stress testing and capital planning by applying appropriate methodologies - including, but not limited to, regression, forecasting, clustering, decision trees, simulation, optimization, and machine learning using Python/PySpark and big data environment Develop algorithms and tools for testing overall performance, robustness, stability, and ongoing monitoring of the model Conduct reliability analyses and perform quality control of modeling data and model results Manage model risk by supporting the remediation/enhancement of Loss Forecasting CECL, Stress Testing, Fraud Loss Projection and PPNR production models Adapt automation and machine learning technologies, data frameworks and implementation platforms to enhance the functionality and rebuild the models that are currently developed in SAS Support the development of automated, standardized and scalable modeling solutions across data mining, segmentation, regression, back testing, reporting and ongoing monitoring components to speed up model development process Perform "what-if" analysis with regards to change in market conditions, change in regulations or changes in the strategy, to guide business decisions for risk and revenue optimization Visualize and articulate complex analyses to non-expert audiences, committees and senior management Provide thought leadership on decision science methodology and development processes and provide insights and reporting on portfolio performance Provide leadership and guidance to junior modelers for their technical and professional development
Qualifications/Requirements:
Bachelors degree with quantitative underpinning (i.e., Mathematics, Statistics, Finance, Economics, or, Engineering) and 5+ years of Consumer Lending statistical modeling / analytics experience; or in lieu of a degree 9+ years' experience in Risk, Credit, Finance, Accounting, Consumer Lending, and/or other relevant professional experience 3+ years of experience in building end-to-end solutions for Loss Forecasting / Stress Testing / Predictive models in large banks or with large financial data sets 3+ years managing a team and providing thought leadership to support model development activities 3+ years of experience in developing sophisticated modeling framework based on cutting-edge / next-gen techniques (ML, Python, PySpark, R)
Desired Characteristics:
Masters or PHD degree with quantitative underpinning (i.e., Mathematics, Statistics, Finance, Economics, or, Engineering) Prior End-to-End Account Level Modeling Experience using big data environment strongly preferred Strong written/oral communication, project management and time management skills Track record of gathering, matching, and processing large data sets across continuous/categorical (structured or unstructured data) Familiarity with model development and governance standards across the banking sector, especially as related to credit card and consumer lending (SR11-7, OCC 11-12) Business skills : Knowledge of external environment, industry/competitor profiles, and common macro-economic indicators that drive consumer industry Leadership skills : Ability to lead/manage multiple competing initiatives and deliver results within deadlines and with a focus on accuracy and attention to detail Communication and influencing skills : Excellent communication and influencing skills to coordinate with multiple functional areas and independently present explanations of complex subjects to senior management and partner with teams throughout the company Problem solving skills : Strong ability to rapidly learn the intricacies of an unfamiliar process, structure and scope complex problems, apply a range of analytical tools, gain and synthesize insights, and develop actionable recommendations Strong working knowledge of transactional and credit bureau data e.g., FICO, Transunion, Equifax as well as knowledge of alternative data sources to enhance model development Experience in data visualization (Tableau/Excel) and reporting solutions
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 24 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.

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.

The salary range for this position is 100 ,000.00 - 200,000.00 USD Annual

Salaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.

Grade/Level: 12

Job Family Group:
Risk Management

Keywords: Synchrony Financial, Draper , VP, Credit Model Development, Executive , Draper, Utah