VP, Model Validation

Role Summary / Purpose

The VP, Model Validation is within Synchrony Model Risk Management function and responsible for leading a model validation team of quantitative analysis, focusing on the validation of Finance & Treasury, Anti-Money Laundering, consumer banking, and marketing models and ensuring compliance with regulatory guidelines (SR 11-7) as well as Model Risk Management policies, standards, and procedures.

Essential Responsibilities

• Oversee the entire Finance & Treasury and Anti-Money Laundering model risk management process, ensuring compliance with MRM policies and controls.
• Lead and direct the validation of models (both internal and vendor-developed) covering model application, conceptual soundness, data integrity, and model performance. This includes full review scopes, annual assessments, and ongoing monitoring of a range of models, especially those related to loss forecasting employing statistical techniques. Provide effective challenges to identify potential issues requiring further investigation, and resolve problems.
• Assume complete responsibility for the quality of validations, managing timelines, and ensuring project completion aligns with the regulatory guidelines under SR 11-7.
• Maintain current knowledge of the latest advancements in model development and validation practices within the academic, regulatory, and financial services landscapes to elevate model risk management practices. Strong domain knowledge in AML, Finance & Treasury. Actively influence and refine the model risk framework and initiatives to embody industry-leading practices, with a particular emphasis on advancing loss forecasting model practices.
• Represent the MRM in discussions with regulators, senior management, and during internal audits, preparing all necessary documentation, addressing inquiries and questions.
• Work collaboratively with various teams across Synchrony to uncover, highlight, and identify model risk associated with models. Maintain model and model validation documentation, perform in-depth analysis and reports to support discussions on key analytics and model risks.
• Serve as model risk expert in various groups including MRM working group and Model Risk Oversight Committee.
• Perform other duties and / or special projects as assigned.

Qualifications / Requirements

Desired Characteristics

Compensation

Salary range : $170,000.00 – $290,000.00 USD annually, eligible for an annual bonus based on individual and company performance. Salaries are adjusted according to market in CA, NY Metro, and Seattle.

Eligibility Requirements

Legal Authorization

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.

Equal Employment Opportunity

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

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