Synchrony AVP, Credit Operations Modeling in MERRIAM, Kansas
Synchrony's Credit and Capital Management group is looking for a credit risk modeling professional experienced with executing and maintaining models under the relevant regulatory guidance (SR 11-7/OCC 2011-12, CECL, CCAR, DFAST). This role is part of Credit and Capital Management, in the forecasting team. The role requires demonstrated expertise with statistical analysis and programming skills (Python/Pandas, Spark, Hadoop, SQL, SAS).
As lead analyst the role provides analytical input to development of estimates of Credit and Fraud Losses and required Capital by executing complex models. This role analyses trends and drivers of changes across the entire portfolio and all products. The lead analyst will coordinate estimation of impacts and forecasting of trends to augment model outcomes. The lead analyst will collaborate across different functions in Credit & Capital Management, with IT and model development to manage model enhancements and big data processing. The person will use their model knowledge, business analysis and process experience to ensure business intent is matched with sound estimates, and to communicate with peers and senior management and to document assumptions and methods to meet accounting rules and model risk management guidelines.
In addition to responsibilities on scheduled forecasting and stress testing, this role will be expected to work on ad-hoc projects as needed. This is a great opportunity for a modeler/statistician/data analyst/programmer with experience in consumer credit analysis. We offer a dynamic, collaborative team environment with a strong credit risk management culture.
Our Credit team is based out of Stamford, CT, but this position can be remote, where you will work from home, as long as you’re located near any of our Synchrony locations (https://www.synchronycareers.com/about-us#locations) across the US so that you’re able to occasionally commute to one our offices for in person engagement activities such as team meetings, training and culture events.
Plan and executemodelscenario analysisto estimateBalances (Sales, Payments, Interest & Fees),Losses andReservesand otherCredit/Capitalestimates
Monitor raw and transformed input data and macro-economic attributes and compare model inputs with General Ledger data where applicable and assess outputs for accuracy and consistency andexpectations
Execute quarterly and planningprocesses anddocumentassumptions and monitoring results and evaluations in great detail
Driveanalytical projects to supportevaluation ofimpacts and forecasting trends in credit and fraud performance,documentation,implementation,and monitoring of
Visualize insights,performance,and trends in inputs/outputs for effective communication and decisioning
Drive understanding of drivers and providingnarrative support for the assumptions, rationale, and projections to model owners and sponsors
Assist with responding to model validation, regulatory or other oversight requests, including exam findings or issues.Adhere to and follow model governance standards
Aidmanagement ofmodelsthrough theirlifecycle,fromdevelopment phase through to implementationinto productionand outline enhancements for evaluation and future model releases. Meetproject timelines,engagein ongoing analysis,find performancethresholds,manage modelversion control, performance assessments,seek outopportunities forprocess and modelimprovements,collaborate on modelre-calibrations, and re-fits when business dynamics change
Perform other duties and/or special projects as assigned
Bachelor’s degree with quantitative underpinning (i.e.Mathematics, Statistics,Risk,Economics,Finance,Engineering) or in lieu of a degree 5+ years ofexperience inRisk, CreditandConsumerLendingor other model development experience
4+ years ofexperience inRisk, CreditandConsumerLendingor other model development experience
3+ years of experience incredit lossmodelingin areas such asLoss Forecasting,Reserves,Stress Testing, or otherareaswithinconsumer creditquantitative functions
4+yearsof experience usingPython(Pandas, NumPy,SciPy,SciKit Learn,Matplotlib,Seaborn,Bokeh)/SQL/SAS /to perform statistical analysis, query relational databases, and handle large amounts of dataand visualize insights
ExperiencewithReservesand / orLoss Forecastingand/or Stress Testing,specificallyrelated to credit card / consumer lending
Knowledgeofexternal environment,andcommonmacro-economicindicators andcorrelations
Leveragingbigdatatechniques/skilled at usingHadoop, Spark
Experience pulling data from Hyperion/ESSBASE
Writing skills to documenttechnical,complexdiscussionssuccinctly
Strong communication skills to facilitate key decisions at toll gate meetings
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 have at least a “consistently meets expectations” performance rating 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 requirement).
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.
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.
The salary range for this position is 70,000.00 - 150,000.00 USD Annual
Salaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible.
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