Senior Analyst, Model Development - Synchrony
Phoenix, AZ
About the Job
Job Description:
Role Summary/Purpose:
This role will be responsible for providing analytical/quantitative input to develop, document, implement and monitor the build of complex consumer credit risk loss forecasting, reserve and capital models. This successful candidate will use their business analysis, process, and quantitative knowledge to ensure business intent is matched with modeling outcome, and document development decisions under SR11‐7 guidelines. In addition to responsibilities on individual modeling projects this role will be expected to work on ad‐hoc projects as needed. Communicating these to leadership is essential.
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 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 a key contributor and lead analyst supporting model development for various models (ALLL, Loss Forecasting, Stress Testing, Capital Planning and CECL)
+ Perform in depth analysis on large data sets, and prepare analysis and reports to support discussions on key analytics and model risks
+ Support development, documentation, implementation and monitoring of ALLL and capital stress testing models using SAS/Python or R
+ Work closely within the credit organization to validate accuracy and performance of statistical models and to identify issues requiring further investigation
+ Assist in development/understanding of vendor models to ensure accuracy and relevancy
+ Provide independent research and analysis to support conceptual soundness of key models
+ Liaise with the Synchrony Financial business teams to uncover and highlight model risk associated with models
+ Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services industries to embrace change and drive improvements cross-functionally.
+ Perform other duties and/or special projects as assigned
Qualifications/Requirements:
+ Masters or Ph.D. in Mathematics/Statistics, Operations Research, Economics, Finance or other quantitative discipline
+ 5+ years of experience in Consumer Lending statistical modeling/risk analytics, preferably related to credit cards
+ 3+ years in coding with SAS, Python, R or other equivalent tool within the recent 5 years
+ Strong written/oral communication skills
Desired Characteristics:
+ Utilizing modeling techniques supporting one (or more) of the following: ALLL, Loss Forecasting Capital Planning, Stress Testing (DFAST,CCAR)
+ Working knowledge in big data tools such as Hadoop HIVE, PIG or Apache Spark as plus
+ The application of regulatory requirements for Model Development (e.g. SR 11-7/OCC 2011-12)
+ Ability to work in a matrix organization
+ Understanding of macro-economic conditions & competitor's trends
+ Exposure to R, Python & Tableau
Grade/Level: 09
The salary range for this position is 85,000.00 - 140,000.00 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 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 age, race, color, religion, gender, 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:
Credit
Role Summary/Purpose:
This role will be responsible for providing analytical/quantitative input to develop, document, implement and monitor the build of complex consumer credit risk loss forecasting, reserve and capital models. This successful candidate will use their business analysis, process, and quantitative knowledge to ensure business intent is matched with modeling outcome, and document development decisions under SR11‐7 guidelines. In addition to responsibilities on individual modeling projects this role will be expected to work on ad‐hoc projects as needed. Communicating these to leadership is essential.
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 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 a key contributor and lead analyst supporting model development for various models (ALLL, Loss Forecasting, Stress Testing, Capital Planning and CECL)
+ Perform in depth analysis on large data sets, and prepare analysis and reports to support discussions on key analytics and model risks
+ Support development, documentation, implementation and monitoring of ALLL and capital stress testing models using SAS/Python or R
+ Work closely within the credit organization to validate accuracy and performance of statistical models and to identify issues requiring further investigation
+ Assist in development/understanding of vendor models to ensure accuracy and relevancy
+ Provide independent research and analysis to support conceptual soundness of key models
+ Liaise with the Synchrony Financial business teams to uncover and highlight model risk associated with models
+ Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services industries to embrace change and drive improvements cross-functionally.
+ Perform other duties and/or special projects as assigned
Qualifications/Requirements:
+ Masters or Ph.D. in Mathematics/Statistics, Operations Research, Economics, Finance or other quantitative discipline
+ 5+ years of experience in Consumer Lending statistical modeling/risk analytics, preferably related to credit cards
+ 3+ years in coding with SAS, Python, R or other equivalent tool within the recent 5 years
+ Strong written/oral communication skills
Desired Characteristics:
+ Utilizing modeling techniques supporting one (or more) of the following: ALLL, Loss Forecasting Capital Planning, Stress Testing (DFAST,CCAR)
+ Working knowledge in big data tools such as Hadoop HIVE, PIG or Apache Spark as plus
+ The application of regulatory requirements for Model Development (e.g. SR 11-7/OCC 2011-12)
+ Ability to work in a matrix organization
+ Understanding of macro-economic conditions & competitor's trends
+ Exposure to R, Python & Tableau
Grade/Level: 09
The salary range for this position is 85,000.00 - 140,000.00 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 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 age, race, color, religion, gender, 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:
Credit
Source : Synchrony