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AVP, Model Validation
CHICAGO IL 60664
Category: Banking
  • Your pay will be discussed at your interview

Job code: lhw-e0-90669256

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Synchrony

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  Job posted:   Thu Jun 7, 2018
  Distance to work:   ? miles
       
  1 Views, 0 Applications  
 
AVP, Model Validation
Job Description:


Support model validation initiatives related to quantitative analytic modeling with the Synchrony Model Governance and Validation team. Serve as a key contributor and lead analyst supporting independent model validation of capital planning and stress testing models. Lead the review and maintenance of relevant model and model validation documentation, perform in depth analysis on large data sets, and prepare analysis and reports to support discussions on key analytics and model risks. Work closely within the Risk organization to validate accuracy and performance of statistical models and to identify issues requiring further investigation. Validate external vendors' models to ensure accuracy and relevancy. Provide independent model review and validation services and support across functions at Synchrony Financial. Liaise with the Synchrony Financial business teams to uncover and highlight model risk associated with models. Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services industries in order to provide expert guidance to the Synchrony Financial functions. 40 hrs/week, Mon-Fri, 8:30 a.m. - 5:30 p.m.


**MINIMUM REQUIREMENTS** :


Must have a Master's degree, or foreign equivalent, in Statistics, Mathematics, Economics, Financial Engineering, or related quantitative field, and 3 years of work related experience in a statistical modeling/risk analytics position.


Must also possess 2 years of experience in the following:


+ Statistical tools including SAS, Advanced Excel Macros, and SQL.

+ Statistical analysis and the handling of large amounts of data.

+ The application of regulatory requirements for Model Risk (e.g. SR 11-7/OCC 2011-12).

+ Utilizing modeling techniques supporting one (or more) of the following: Capital Planning, Stress Testing (DFAST, CCAR), ALLL, or Loss Forecasting.


Job Family Group:


Risk Management


With roots in consumer finance that trace back to 1932, Synchrony Financial is a leader in consumer credit and promotional financing, providing a range of products for a diverse group of national and regional retailers; including Main Street mainstays, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. We are the largest provider of private label credit cards in the United States based on purchase volume and receivables and we provide co-branded dual card credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank. Who do we serve? Hundreds of thousands of customers across the U.S. and Canada spanning the electronics and appliances, home furnishings, automotive, power products and sports, jewelry and luxury, retail and healthcare industries.


Our purpose is clear: we are committed to pioneering the future of financing, improving the success of every business we serve and the quality of each life we touch. This is fitting because when you join Synchrony Financial, you're joining an organization that recognizes that our people are our greatest asset --every single one of them. That's why we are deeply committed to investing in the growth of each member of our team. And with 80 years of experience, we know how to develop talent. At Synchrony Financial, we work hard to offer competitive rewards, compensation and benefits. When you join us, you become part of a stimulating work environment with vast opportunities to sharpen your skills and embrace new leadership challenges.

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