Synchrony AVP, Model Development in DRAPER, Utah
This role resides in the Reserves & Loss Forecasting Model Development sub-function within Credit & Capital Management team. The AVP, Credit Model Development , will be responsible for providing analytical/quantitative input to develop complex consumer credit risk loss forecasting, reserve and capital models. The successful candidate will use their business analysis, model development, and relevant quantitative knowledge to ensure business intent is matched with modeling outcome, and document development decisions under SR11‐7 guidelines. The role requires demonstrated expertise with statistical analysis and programming skills (SAS, Python, Hadoop, SQL, R). Experience in data lake environments using associated software are preferred (AE, PySpark etc.).
This is a great opportunity for someone who is a modeler/statistician/data analyst/coder (or a combination) with experience in consumer credit analysis who likes to build and explore new techniques / methodology as well as has a troubleshooting mindset. We offer a dynamic, collaborative team environment with a strong credit risk management culture and opportunities to train in new technologies and complex applications.
Model development, documentation, implementation and monitoring of forecasting models involving balances, losses (credit and fraud), Allowance and Stress testing models using a combination of SAS / SQL / Python / PySpark
Perform in depth analysis on large data sets, and prepare analysis and actionable reports to support discussions on key analytics and modeling aspects, to drive decision making
Work closely within the credit organization to validate accuracy and performance of statistical forecasting models and to identify issues requiring further research and enhancements
Assist in development/understanding of vendor models to ensure accuracy and relevancy
Provide independent research and analysis to support conceptual soundness of key models, and form recommendations as appropriate
Liaise with business teams to uncover and highlight model risk / enhancements associated with models
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
Bachelor's Degree in Mathematics/Statistics, Decision Sciences, Economics, Finance or other quantitative discipline
5+ years of experience in Consumer Lending statistical modeling/analytics, preferably related to credit cards
5+ years in coding with SAS, Python, R or other equivalent language / software platforms
Strong written/oral communication skills
Credit card or Consumer lending modeling / analytics experience
Working knowledge in big data tools such as Hadoop HIVE, PIG or Apache Spark as plus
Knowledge of regulatory requirements for Model Development (e.g. SR 11-7/OCC 2011-12)
Ability to work in a matrix organization
Demonstrated ability in documenting controls and procedures
Masters or Ph.D. in Mathematics/Statistics, Decision Sciences, Economics, Finance or other quantitative discipline preferred
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).
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.
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 60,000.00 - 130,000.00 USD Annual
Salaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.
Job Family Group:
Regulatory and Compliance