Senior Analyst - Model Validation
Location: Saint Paul
Posted on: January 26, 2023
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
+ 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
+ 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.
+ 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
+ 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
+ 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
+ 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
+ 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.
The salary range for this position is **56,000.00 - 112,000.00**
Salaries are adjusted according to market in CA and Metro NY and
some positions are bonus eligible.
+ 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
+ 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.
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
**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:**
Keywords: Synchrony, St. Paul , Senior Analyst - Model Validation, Accounting, Auditing , Saint Paul, Minnesota
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