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AVP, Credit Model Development

Company: Synchrony Financial
Location: Draper
Posted on: January 15, 2022

Job Description:

Job Description:Role Summary/Purpose:This critical role will be responsible for providing analytical/quantitative input to develop, implement and monitor the build of complex consumer credit risk loss forecasting, reserve and capital models. The successful candidate will use their business analysis, process, and quantitative knowledge to ensure business intent is matched with modeling outcome, and document development decisions under SR11-7 guidelines. In addition to responsibilities on individual modeling projects this role will be expected to work on ad-hoc projects as needed. Communicating model mechanics and articulating nuances to leadership will be an important aspect of the role.This is a great opportunity for someone who is a modeler/statistician/data analyst/coder (or a combination) with experience in consumer credit analysis. We offer a dynamic, collaborative team environment with a strong credit risk management culture and opportunities to train in new technologies and complex applications.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. We're proud to offer you choice and flexibility.Essential Responsibilities:

  • Develop, implement, and maintain an integrated loss forecasting and capital modeling suite that supports overall alignment between baseline and stressed scenarios, as well as capital planning initiatives using PySpark/Python/SAS or other programing language and big data
  • Support the development of balance and revenue forecasting models, encompassing data, statistics, modeling and business acumen
  • Adapt automation and develop alternative predictive methodologies (Machine Learning) and/or cloud initiatives (AWS) to current and future models to enhance functionality
  • Plan and execute self-driven analytics on large data sets (structured and unstructured data) using next generation technologies, prepare analysis and reports to support discussions on key analytics and model aspects to drive decision making
  • Develop attribution analysis and synthesize results to evaluate the applicability of existing models for cross-functional use, identify gaps and develop solutions to reduce process redundancies
  • Support building and enhancing procedures and model documentation in compliance with regulatory guidance as well as the Bank's model risk policy
  • Maintain current/develop new analytical reports and presentations for senior management, executive committees and regulatory exams
  • Keep pace with the latest developments in academia, regulatory environment, technology (vendor and in-house) and financial services industries to embrace change and drive improvements cross-functionally
  • Perform other duties and/or special projects as assigned from time to timeQualifications/Requirements:
    • Bachelor's degree in Mathematics/Statistics, Operations Research, Economics, Finance or other quantitative discipline; or in lieu of a degree 8+ years' experience in Risk, Finance, Consumer Lending
    • 4+ years of experience in Consumer Lending statistical modeling/analytics, preferably related to ALLL and/or Loss Forecasting modeling for credit cards
    • 3+ years in coding with Python, PySpark or other equivalent language within the past 5 yearsDesired Characteristics:
      • Masters or Ph.D. in Mathematics/Statistics, Operations Research, Economics, Finance or other quantitative discipline
      • Credit card modeling/analytics experience
      • Familiarity with any data visualization tools like TABLEAU
      • Working knowledge in big data tools such as Hadoop HIVE, PySpark
      • Strong written/oral communication skills
      • Ability to create visualizations of data and/or quantitative information for management decisioning
      • Solid understanding of different machine learning techniques: (dimensionality reduction, representation learning, generative modeling, transfer learning, and missing value imputation)
      • Intermediate/Advanced EXCEL skills with demonstrable familiarity with pivot-tables, worksheet formulas, macros, array formulas, and other techniques
      • Knowledge of regulatory requirements for Model Development (e.g. SR 11-7/OCC 2011-12)
      • Ability to work in a matrix organization managing multiple competing initiatives and deliver results within deadlines and with a focus on accuracy and attention to detail
      • Demonstrated ability in documenting controls and procedures
      • Excellent time management skillsEligibility 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 have at least a "consistently meets expectations" performance rating 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 requirement).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.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 75,000.00 - 150,000.00 USD AnnualSalaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.Grade/Level: 11Job Family Group:Regulatory and Compliance

Keywords: Synchrony Financial, Draper , AVP, Credit Model Development, Other , Draper, Utah

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