Synchrony

VP, Model Governance

Synchrony

full-time

Posted on:

Location Type: Hybrid

Location: Stamford • California • Connecticut • United States

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Salary

💰 $130,000 - $210,000 per year

Job Level

Lead

About the role

  • Management of the Model Risk Policy and Standards including the development and implementation of key control processes and supporting procedures/job aids/templates/guideline/training
  • Partner with the validation center of excellence (COE) to design, formalize, implement, and maintain the GEN AI model governance/validation framework
  • Systematically address the opportunities identified through the regulatory exams, MRM self – assessment, quality assurance program and model community’s feedback to continuously improve validation rigor, value, speed, and model stakeholder experience.
  • Provide strategic guidance and innovative directions to the MRM team, and lead the implementation of best practices and recommendations.
  • Maintenance and enhancement of the centralized Model Inventory and Attestation Process
  • Serve as Secretary of the Model Risk Oversight Sub-Committee and supporting Working Group, responsible for agendas, meeting minutes, charter maintenance, etc.
  • Key liaison to support other 2nd line of defense risk pillars activities such as Enterprise Risk Assessment, Risk and Control Self-Assessment, and Issue Management processes, etc., and strengthen strategic positioning by integrating insights and best practices across risk management functions.
  • Deliver comprehensive management reports on both individual and aggregate model risk.
  • Identify thematical issues, and provide actionable insights and guidance to the 1st line to proactively manage and mitigate model risk.
  • Design and deliver board education
  • Partner with the supplier risk management and source to pay team to manage and enhance the model vendor onboarding process, ensuring a seamless integration of vendor capabilities to support robust model development and deployment.
  • Facilitate regulatory examinations and internal audits of the modeling process and lead the model governance sessions to ensure compliance and foster continuous improvement in model risk management practices.
  • Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services to provide expert, practical advice to ensure the group stay relevant and current.

Requirements

  • Master’s degree with emphasis in Statistics, Mathematics, Business, Economics, Finance or other quantitative field and 10+ years in model risk management or other risk governance in financial services, banking, or retail
  • In lieu of a Master’s degree, a bachelor’s degree (or foreign equivalent) in Statistics, Mathematics, Economics or related quantitative filed and 14+ years’ experience in model risk management or other risk governance in financial services, banking, or retail
  • 5+ years’ experience managing people
  • Strong knowledge of Regulatory requirements for Model Risk (e.g. SR 11-7/OCC 2011-12) with proven track record of delivering Regulatory requirements and other Regulatory requirements
  • Proven record of leading cross function projects from ideation to implementation
  • Previous experience with Machine Learning / GEN AI oversight or development
  • Ability and flexibility to travel for business as required
Benefits
  • Flexible work arrangements
  • Professional development
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
model risk managementregulatory compliancemachine learningGEN AI oversightdata analysisquantitative analysisrisk governancemodel validationstatistical modelingproject management
Soft Skills
strategic guidanceleadershipcommunicationcollaborationproblem-solvinginnovationflexibilityinterpersonal skillsreportingtraining