Manager - Model Risk (L 09)

Job content

Job Description

Role Summary/Purpose:

Support model validation initiatives related to quantitative analytic modeling with the Synchrony Model Risk Management team.

A critical new role Manager, Risk Model Validation, will be responsible in supporting model validation initiatives related to quantitative analytic modeling with the Synchrony Model Governance and Validation team.

Essential Responsibilities

• Validate the accuracy and performance of statistical and other types of models to identify issues requiring further investigation, including those developed using machine learning techniques.
• Perform in-depth analysis on large data sets and assist in the review and maintenance of relevant model and model validation documentation.
• Assisting and mentoring model validation team members to achieve stake holder’s requirements
• Liaise with the retail finance business teams to uncover and highlight risk associated with models.
• Prepare reports for senior management and retail finance business teams and facilitate discussions on key analytics.
• Perform other duties and/or special projects as assigned
• Explore new emerging analytical tools and technologies and train the team members in the same.
  
  

Qualifications/Requirements

• Bachelor’s or Master’s degree in Statistics, Mathematics, Economics or related quantitative field is required
• Having 4+ years of experience in statistical modeling preferably in risk analytics model validations position
• 4+ years of experience in statistical tools like SAS, Python, R, Advanced Excel Macros.
• Strong experience in mentoring and training team members.
• 1+ years of experience in handling analytical team preferably in risk analytics in model validations.
• For Internal Applicants: Understand the criteria or mandatory skills required for the role, before applying.
• Inform your Manager or HRM before applying for any role on Workday.
• Ensure that your Professional Profile is updated (fields such as Education, Prior experience, Other skills) and it is mandatory to upload your updated resume (Word or PDF format)
• Must not be any corrective action plan (First Formal/Final Formal, PIP)
• Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible.
• 8+ Level employees can apply
  
  

Desired Characteristics

• 4+ years of experience with statistical tools like SAS, Python, R, Advanced Excel Macros.
• 3+ years of experience in handling large data sets for statistical analysis / modeling and handling large amounts of data and analyzing for trends.
• 2+ Years of strong experience in model validations.
• Sound knowledge on the application of regulatory requirements for Model Risk (e.g. SR 11-7/OCC 2011-12)
• 2 years of experience in development or testing in Pig, Spark, Python, or similar applications.
• In-depth theoretical understanding and utilizing modeling techniques supporting one (or more) of the following: Big Data Analytics, Machine Learning, and / or Decision Models (Behavior, Credit, Fraud, etc.)
  
  

Grade/Level: 09

Job Family Group

Risk Management