Job
Description
As the VP, Credit Model Development at Synchrony, your role will involve leading model projects in collaboration with vendors and cross-functional teams. You will be responsible for designing and developing consumer credit statistical/econometric models supporting credit risk and fraud models across the credit lifecycle. Your tasks will include maintaining comprehensive model documentation, adapting automation and machine learning algorithms, and assisting with annual assessments and model monitoring processes. Key Responsibilities: - Lead model projects closely with vendors and cross-functional teams - Design and develop consumer credit statistical/econometric models - Maintain comprehensive model documentation for regulatory requirements - Adapt automation, alternative data, and machine learning algorithms - Assist with annual assessments and submission of existing models - Lead model monitoring process and manage discussions with stakeholders - Manage model approval process and assist in providing technical documentation - Develop remediation plans for audit and validation requests - Manage a team, prioritize deliverables, and upskill talent - Perform other duties and special projects as assigned Qualifications Required: - Bachelor's degree in Risk, Economics, Finance, Mathematics, Statistics, or Engineering - Minimum 8+ years of experience in an analytical role related to consumer lending - Strong programming skills in SAS, SQL, and Python - Minimum 4+ years of experience in model development or validation - Experience in credit risk and fraud model development or validation - Strong communication skills and ability to manage multiple initiatives - Familiarity with model risk management under SR 11-7 governance requirements Desired Skills: - Working knowledge of credit bureau data and alternative data sources - Experience in data visualization and reporting solutions - Excellent time management and attention to detail - Extensive experience with compliance and regulatory requirements - Understanding of fair lending and model risk management guidelines As an eligible candidate, you should have a Bachelor's degree with quantitative underpinning and a minimum of 8+ years of relevant experience in consumer lending. This role falls under Grade/Level 12 in the Credit job family group at Synchrony. Work Timings: This role offers Enhanced Flexibility and Choice with availability required between 06:00 AM Eastern Time and 11:30 AM Eastern Time for meetings with India and US teams. The remaining hours are flexible for you to choose, with occasional exceptions based on business needs. For Internal Applicants: - Understand the criteria and mandatory skills required for the role before applying - Inform your manager and HRM before applying - Update your professional profile and upload your resume - Ensure there are no corrective action plans in place - Only L10+ Employees who meet specific tenure requirements are eligible to apply As the VP, Credit Model Development at Synchrony, your role will involve leading model projects in collaboration with vendors and cross-functional teams. You will be responsible for designing and developing consumer credit statistical/econometric models supporting credit risk and fraud models across the credit lifecycle. Your tasks will include maintaining comprehensive model documentation, adapting automation and machine learning algorithms, and assisting with annual assessments and model monitoring processes. Key Responsibilities: - Lead model projects closely with vendors and cross-functional teams - Design and develop consumer credit statistical/econometric models - Maintain comprehensive model documentation for regulatory requirements - Adapt automation, alternative data, and machine learning algorithms - Assist with annual assessments and submission of existing models - Lead model monitoring process and manage discussions with stakeholders - Manage model approval process and assist in providing technical documentation - Develop remediation plans for audit and validation requests - Manage a team, prioritize deliverables, and upskill talent - Perform other duties and special projects as assigned Qualifications Required: - Bachelor's degree in Risk, Economics, Finance, Mathematics, Statistics, or Engineering - Minimum 8+ years of experience in an analytical role related to consumer lending - Strong programming skills in SAS, SQL, and Python - Minimum 4+ years of experience in model development or validation - Experience in credit risk and fraud model development or validation - Strong communication skills and ability to manage multiple initiatives - Familiarity with model risk management under SR 11-7 governance requirements Desired Skills: - Working knowledge of credit bureau data and alternative data sources - Experience in data visualization and reporting solutions - Excellent time management and attention to detail - Extensive experience with compliance and regulatory requi
