Remote Opportunity

Manager, Model Risk Management (L9)

Join Synchrony as a senior professional working remotely from Worldwide. Explore the role, benefits, and apply in one place.

Full Time
$120,000 - $180,000*
5 days ago
Worldwide
AI Governance & Programs
Senior
Model Validation
Quantitative Analytic Modeling
Risk Management

Job Description

Job Description:

Role Title: Manager, Model Risk Management (L9)

Company Overview: Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.

  • We have recently been ranked #2 among India’s Best Companies to Work for by Great Place to Work. We were among the Top 50 India’s Best Workplaces in Building a Culture of Innovation by All by GPTW and Top 25 among Best Workplaces in BFSI by GPTW. We have also been recognized by AmbitionBox Employee Choice Awards among the Top 20 Mid-Sized Companies, ranked #3 among Top Rated Companies for Women, and Top-Rated Financial Services Companies.

  • We provide best-in-class employee benefits and programs that cater to work-life integration and overall well-being.

  • We provide career advancement and upskilling opportunities, for all to take up leadership roles.

Organizational Overview: Synchrony's Risk Team provides independent oversight of Synchrony’s risk-taking activities to ensure safety and soundness, meet regulatory and legal requirements, and manage risks to the risk-appetite of the Board. Risk is responsible for independently assessing, quantifying, and overseeing risks & providing effective challenge. Risk serves as Synchrony’s Second Line of Defense.  

Overall, Risk Team oversees and manages the Risk Program to support the business in anticipating and addressing risks, issues and challenges. Results are consistent with the respective strategic uses and complying with related overall risk, risk testing policies, standards, procedures as well as regulations. Our Risk organization consists of 4 pillars: Compliance, Credit & Financial Risk, Enterprise Risk and Operational Risk. Each of the pillars play a vital role in managing Risk and supports the business in anticipating and addressing risks, issues, and challenges.

Enterprise Risk provides oversight on Synchrony-wide initiatives and projects and manages issues, risk assessment & reporting, risk monitoring activities, policy standards and procedure framework for governance documents.
 

Role Summary/Purpose

The Manager, Model Validation is responsible for model validation focusing on Loss/reserve/recovery/ forecast to Customer facing credit risk/Fraud risk models (Account acquisition and Account management) , and other models and ensure they are meeting the related Model Risk Management policies, standards, procedures as well as regulations (SR 11-7). This role requires expertise in supporting model validation initiatives related to quantitative analytic modeling with the Synchrony Model Governance and Validation team. This is an individual contributor role. .

Key Responsibilities

  • Conduct full scope model review, annual review, ongoing monitoring model performance etc. for both internally and vendor-developed models, including new and existing, statistical/ML or non-statistical models, with effective challenges.

  • Evaluate model development data quality, methodology conceptual soundness and accuracy, and conduct model performance testing including back-testing, sensitivity analysis, benchmarking, etc. and timely identify/highlight issues.

  • Perform proper documentation within expected timeframes for effectively highlighting the findings for further review/investigation and facilitate informed discussions on key analytics.

  • Conduct in-depth analysis of large data sets and support the review and maintenance process of relevant models and model validation documentation.

  • Communicate technical information verbally and in writing to both technical and business team effectively. Additionally the role requires the capability to write detailed validation documents/reports for management

  • Support in additional book of work or special projects as in when required.

Required Skills/Knowledge

  • Bachelor’s degree with 2+ years of hands-on modeling experience in customer facing models such as credit, fraud, marketing or loss forecasting models or lieu of a degree 4+ Years of relevant exeprience.

  • 2+ years of experience in developing/validating credit models with statistical tools like SAS, Python, SQL, etc.

  • 2+ years of experience using large data sets for statistical and ML modeling within the banking or financial industry. Understanding of quantitative analysis methods or approaches in relation to credit models

  • Strong programing skills with 2+ years’ hands-on and proven experience utilizing Python, Spark, SAS, SQL, AWS, Data Lake to perform statistical analysis and manage complex or large amounts of data and 4+ years of relevant experience in lieu of a degree

Desired Skills/Knowledge

  • Knowledge of Credit Card/Consumer Finance products and business model.

  • Strong knowledge of Regulatory requirements for MRM (SR 11-7 regulation) with proven track records of delivering Regulatory requirements.

  • 2+ years in MRM in modeling and validation in the financial services industry including both analytic/modeling/quantitative experience and governance or other credit/financial discipline

Eligibility Criteria:

Bachelor’s degree with 2+ years of hands-on modeling experience in customer facing models such as credit, fraud, marketing or loss forecasting models or lieu of a degree 4+ Years of relevant exeprience.

Work Timings:

This role qualifies for Enhanced Flexibility offered in Synchrony India and will require the incumbent to be available between 06:00 AM Eastern Time – 11:30 AM Eastern Time (timings are anchored to US Eastern hours and will adjust twice a year locally). This window is for meetings with India and US teams. The remaining hours will be flexible for the employee to choose. Exceptions may apply periodically due to business needs)

We are proud to offer flexibility at Synchrony. Our way of working allows you the option to work from home or workspaces in our Regional Engagement Hubs—Hyderabad, Bengaluru, Pune, Kolkata, or Delhi/NCR.

Occasionally you may be required to commute or travel to Hyderabad or one of the Regional Engagement Hubs for in person engagement activities such as business or team meetings, trainings, and culture events.

For Internal Applicants:

  • Understand the criteria or mandatory skills required for the role, before applying

  • Inform your manager and HRM before applying for any role on Workday

  • Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format)

  • Must not be any corrective action plan (Formal/Final Formal)

  • L4 to L7 Employees who have completed 12 months in the organization and 12 months in their current role and level are only eligible

  • L8+ Employees who have completed 18 months in the organization and 12 months in their current role and level are only eligible

  • Employees at L4+ are eligible to apply for this opportunity

Grade/Level: 9

Job Family Group:

Credit

Requirements

  • Conduct full scope model review
  • Annual review
  • Ongoing monitoring model performance
  • Ensure models meet Model Risk Management policies
  • Support model validation initiatives
  • Collaborate with Synchrony Model Governance and Validation team

Benefits

  • 401k Matching
  • Employee Assistance Program
  • Flexible Hours
  • Health Insurance
  • Paid Time Off
  • Remote Work

Skills

Model Validation
Quantitative Analytic Modeling
Risk Management

About AI-Estimated Salary

The salary range shown was not provided by the employer. Our AI has estimated it based on the job title, required experience, location, and industry standards (confidence: 80%). This estimate should be used as a general guide only and may not reflect the actual compensation. Always confirm salary details directly with the employer during the application process.

Ready to Apply?

Join Synchrony today

Salary Range (AI-Estimated)*
$120,000 - $180,000
80% confidence
Posted 5 days ago

More AI Governance & Programs roles you might like

Discover similar opportunities from companies that are also hiring remotely.

Full Time
$9149.346k - $1372.402k
11 hours ago
Worldwide
AI Governance & Programs
Senior
Python
Microsoft Entra ID
Azure AD
+5 more
Full Time
$225k - $280k
15 hours ago
Worldwide
AI Governance & Programs
Senior
Python
Data Science
Machine Learning
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Generative AI
+5 more

Explore more remote openings

Browse fresh listings from our global community of remote-friendly teams.

Full Time
$120,000 - $180,000*
5 hours ago
United Kingdom
Worldwide
Model Risk Management & Validation
Senior
Solvency II
Internal Model
Model Risk
+4 more
Full Time
$120,000 - $180,000*
15 hours ago
Worldwide
AI Security & Privacy
Senior
AI/ML
Security Architecture
Cloud Security
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Canada
Worldwide
Model Risk Management & Validation
Senior
Python
SAS
SQL
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
Copilot Studio
Power Automate
Power Apps
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Ireland
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Data Science
+4 more
Full Time
$120,000 - $180,000*
1 day ago
United States
Worldwide
AI Governance & Programs
Senior
Model Risk Management
AI Governance
Compliance
+4 more
Full Time
CAD 94.6k - CAD 176k
1 day ago
Canada
Worldwide
AI Risk & Controls
Senior
Finance
Model Validation
Risk Management
+3 more
Full Time
$106.23k - $145k
1 day ago
Worldwide
AI Governance & Programs
Senior
AI/ML
Cloud Security
Data Science
+5 more
Full Time
$148k - $274.2k
1 day ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Data Science
+3 more
Full Time
$228.911k - $471.286k
1 day ago
Worldwide
AI Compliance & Legal
Senior
AI
Machine Learning
Data
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
Enterprise Security Architecture
+5 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
Enterprise Security Architecture
+5 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
Python
Node.JS
Go
+3 more
Full Time
$147k - $211k
1 day ago
Worldwide
AI Governance & Programs
Senior
C++
API design
Stubby
+3 more
Full Time
$80,000 - $140,000*
1 day ago
Worldwide
AI Risk & Controls
Mid
Data Analysis
Risk Assessment
Automation
+2 more
Full Time
$120,000 - $200,000*
1 day ago
Worldwide
AI Risk & Controls
Senior
Python
Django
Kubernetes
+5 more
Full Time
$98.16k - $159.27k
2 days ago
United States
AI Security & Privacy
Senior
Azure Security Engineer
Microsoft Cybersecurity Architect
CISSP
+4 more
Full Time
$108.75k - $200k
2 days ago
United States
Model Risk Management & Validation
Senior
Quantitative models
Risk Management
Model Risk Management
+4 more
Full Time
$108k - $185k
2 days ago
United States
Worldwide
AI Compliance & Legal
Senior
Artificial Intelligence
Generative AI
Machine Learning
+3 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
Generative AI
LLMs
prompt engineering
+5 more
Full Time
$229.9k - $262.4k
2 days ago
United States
Worldwide
AI Governance & Programs
Senior
Python
Machine Learning
Cloud Computing
+3 more
Full Time
$120,000 - $180,000*
2 days ago
Canada
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Risk Management
+3 more
Full Time
$80,000 - $140,000*
2 days ago
Germany
Worldwide
Model Risk Management & Validation
Mid
Model Validation
Risk Management
Model Development
+5 more
Full Time
$100,000 - $150,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
AI
Data governance
Regulatory Compliance
+5 more
Full Time
$120,000 - $180,000*
2 days ago
United Kingdom
Worldwide
AI Governance & Programs
Senior
Cloud
AI
API
+3 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
Python
Machine Learning
Data Analysis
+4 more
Full Time
$108k - $185k
2 days ago
United States
Worldwide
AI Compliance & Legal
Senior
Artificial Intelligence
Generative AI
Machine Learning
+3 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
Data security & privacy
Access control and permissions
API integrations
+5 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
AWS
Azure
GCP
+5 more
Contract
$120,000 - $180,000*
4 days ago
Worldwide
AI Governance & Programs
Senior
ISO/IEC 42001
AI Lifecycle Governance
Data governance
+4 more
Contract
$120,000 - $180,000*
4 days ago
Worldwide
AI Governance & Programs
Senior
ISO/IEC 42001
Audit Methodology
Artificial Intelligence Management Systems
+1 more
Full Time
$102.8k - $210.2k
4 days ago
Worldwide
AI Compliance & Legal
Senior
Data Analysis
Business Analysis
Data Management
+5 more
Full Time
$197.4k - $246.75k
4 days ago
Worldwide
AI Governance & Programs
Senior
Machine Learning
Generative AI
Python
+5 more
Full Time
$149.084k - $218.657k
4 days ago
Worldwide
AI Security & Privacy
Senior
AI/ML systems
Governance
Model Risk Management
+5 more
Full Time
$80,000 - $160,000*
4 days ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Data Science
+5 more
Full Time
$80,000 - $160,000*
4 days ago
Worldwide
AI Governance & Programs
Senior
Pharmacy
Retail Operations
Customer Service
+5 more