VP, Model Validation

VP, Model Validation

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 the compliance with regulatory guidelines 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 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.
• 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.
• 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 :

Desired Characteristics :

The salary range for this position is 170,000.00 - 290,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance. Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge. Salaries are adjusted according to market in CA, NY Metro and Seattle.

The eligibility requirements include being 18 years or older, having a high school diploma or equivalent, and being willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process. 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.

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