VP, Model Validation

JOB_POSTING

Job Description
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 ensure the compliance with regulatory guidelines (SR 11-7), as we well as Model Risk Management policies, standards, and procedures.

Our Way of Working
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.
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 in 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 range of models, especially those related to loss forecasting employing statistical techniques. Provide effective challenges to identify potentials 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, address 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

• Master's degree and 12+ years' experience in model development / model validation experience in a US large retail