Job Description:
**Role Summary/Purpose:**
Reporting to the VP, of Model Governance, this role requires an understanding or background in modeling as well as experience critical to supporting the overall governance process for Synchrony Financial.
**_Our Way of Working_**
**_We're proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events._**
**Essential Responsibilities:**
+ Serve as the secretary of the Model Risk Oversight Sub-Committee by managing the schedule, compile the presentation materials, and taking minutes;
+ Support the ongoing refinements of the Bank's Model Risk Management Policy and Standard. Lead the development and enhancement of procedures and control frameworks to ensure regulatory compliance and effective model risk management, especially in the regulatory compliance and anti-money laundry (AML) model risk area.
+ Participate and support the Model Risk Working Group, challenging validation outcomes and model classifications to uphold governance standards.
+ Represent the Model Governance Team in face-to-face meetings with business line partners as a subject matter expert on modeling standards, guidelines, and control structures.
+ Support the maintenance of the centralized Model Inventory and supporting infrastructure.
+ Support regulatory examinations and internal audits related to model governance
+ Perform other duties and/or special projects as assigned.
**Qualifications/Requirements:**
+ Bachelor's degree in Finance, Economics, Mathematics, Business, or a related field, with a minimum of 6 years of experience in model risk management or governance within banking or financial services; 4 years of experience required for candidates with a master's degree.
+ Thorough knowledge of regulatory frameworks governing model risk, including SR 11-7 and other related regulatory guidelines.
+ Experience in model risk policy/procedures development and governance control framework oversight.
+ Excellent communication skills and ability to engage and influence stakeholders at various levels.
+ Experience supporting regulatory exams and internal audit processes.
**Desired Characteristics:**
+ 5+ years in the financial services industry including both analytic/modeling/quantitative experience and governance / policy related roles.
+ 2+ years of experience in anti-money laundry (AML) model validation and/or model risk governance
+ Good understanding of consumer credit and risk modeling methodology and model life cycle risk management practices and regulatory expectations in the banking and financial industry.
+ Familiarity with consumer lending products and practices.
+ Sharp focus on accuracy with extreme attention to detail.
+ Proficient in Microsoft applications, including Excel Macros.
**Grade/Level: 11**
The salary range for this position is **90,000.00 - 155,000.00** USD Annual and is eligible for an annual bonus based on individual and company performance.
Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.
Salaries are adjusted according to market in CA, NY Metro and Seattle.
**Eligibility Requirements:**
+ 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 18 months' time in position before they can post. All internal employees must consistently meet performance expectations 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 expectations).
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.
**Our Commitment:**
When you join us, you'll be part of an inclusive culture where your individual skills, experience, and voice are not only heard - but valued. Together, we're building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.
This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. We're proud to have an award-winning culture for all.
**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
**Job Family Group:**
Data Analytics