Senior Analyst - Model Validation

Company: Synchrony
Location: Saint Paul
Posted on: January 26, 2023

Job Description:

Job Description:

**Role Summary/Purpose:**

The Senior Analyst, Model Validation is responsible for model validation related to quantitative analytic modeling with the Synchrony Model Governance and Validation and ensure modeling techniques and results are consistent with the respective strategic uses, models perform as intended, and comply with related MRM policies, standards, procedures as well as regulations.

The position is remote, where you will work from home. On occasion we may request for you to commute to Chicago office for in person engagement activities such as team meetings, training and culture events, etc.

**Essential Responsibilities:**

+ Validate the statistical soundness of credit risk models developed for acquisition, account management, fraud detection and marketing purpose and identify issues requiring further investigation, including those developed using artificial intelligence/machine learning techniques.

+ Perform in-depth analysis on large data sets and assist in the periodic reviews and maintenance of relevant model and model validation documentation.

+ Liaise with the Synchrony 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.

+ Support regulatory examinations and internal audits of the modeling process and selected model samples.

+ Perform other duties and/or special projects as assigned.

**Qualifications/Requirements:**

+ Bachelor's degree or foreign degree equivalent, in Statistics, Mathematics, Economics or related quantitative field and 2+ years of work-related experience in a statistical modeling risk analytics position.

+ 2+ years of statistical model related experience (either in school or in workplace) with statistical tools such as SAS, Python, R, Advanced Excel Macros and/or SQL

**Desired Characteristics:**

+ Master's degree or foreign equivalent in Statistics, Mathematics, Economics or related quantitative field

+ 1 year of work-related experience in a risk analytics position preferred.

+ 2+ years of experience (either in school or in workplace) using large data sets for statistical analysis / modeling and handling large amounts of data and analyzing for trends.

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

+ 2 years of experience (either in school or in workplace) 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.)

+ Applicants external to Synchrony who are currently employed on H-1B visa must have at least 2 years of eligibility remaining on their current visa term in order for Synchrony Financial to petition for an employment based visa on behalf of such applicant. L1 visa would be considered for an internal candidate meeting all requirements for the L1 and all US Synchrony eligibility requirements. Applicants holding other types of visas, such as F-1 visas, must have at least 2 years of eligibility that would permit them to work for Synchrony.

**Grade/Level: 09**

The salary range for this position is **56,000.00 - 112,000.00** USD Annual

Salaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.

**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 24 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 a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ (https://www.synchronycareers.com/our-culture/#diversity) , with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions.

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 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

**Job Family Group:**

Risk Management

Keywords: Synchrony, St. Paul , Senior Analyst - Model Validation, Accounting, Auditing , Saint Paul, Minnesota