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Senior Analyst, Model Validation

at Synchrony

Posted: 2/7/2019
Job Status: Full Time
Job Reference #: 1900000317

Job Description

Job Description:

Senior Analyst - Model Validation, Synchrony Bank, Chicago, IL.

Perform independent validation and provide effective challenges to assess the accuracy and performance of statistical and financial models and identify issues requiring further investigation. Ensure compliance with internal policies and external regulatory requirements for model risk (e.g. Federal Reserve SR 11-7/OCC 2011-12). Evaluate data integrity and representativeness. Evaluate conceptual and theoretical soundness of the model design, validity of selected model methodologies and assumptions, and effectiveness of model development approaches. Verify model implementation and assess performance test results. Perform in-depth analysis of large data sets and assist in the review and maintenance of relevant model validation documentation. Prepare and facilitate discussions with senior management and retail finance business teams on key analytics. Collaborate with business partners to identify key model risks. Explain and articulate identified issues to business partners and provide recommendations. Compose model validation reports by summarizing validation results with supporting analyses and rationale to provide comprehensive assessment of model. 40 hrs/week, Mon-Fri, 8:30 a.m. - 5:30 p.m.


Master’s degree or foreign equivalent in Statistics, Mathematics, Economics, Finance, Engineering or related, and 1 year of work related experience in a statistical modelling position is required.

Must also possess experience with/in the following:

  • Utilizing at least two of the following statistical tools: SAS, R, Python, Advanced Excel Macros, and SQL;
  • Utilizing at least two of the following advanced statistical predictive models: linear and logistic regression, time series techniques, and machine learning;
  • Conducting statistical analysis handling large amounts of data;
  • Understanding corporate financial statements including balance sheets, income statements, and cash flow statements;
  • Applying regulatory requirements for Model Risk (e.g. SR 11-7/OCC 2011-12); and,
  • Utilizing modeling techniques supporting at least two of the following: Capital Planning, Stress Testing (DFAST, CCAR), ALLL, Loss Forecasting, Risk Rating, and Probability of Default.

Please apply to: HR Manager, Synchrony Bank, 222 West Adams Street, Chicago, IL 60606 (reference: ILSMW).

Grade/Level: 09

Job Family Group:

Risk Management

With roots in consumer finance that trace back to 1932, Synchrony Financial is a leader in consumer credit and promotional financing, providing a range of products for a diverse group of national and regional retailers; including Main Street mainstays, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. We are the largest provider of private label credit cards in the United States based on purchase volume and receivables and we provide co-branded dual card credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank. Who do we serve? Hundreds of thousands of customers across the U.S. and Canada spanning the electronics and appliances, home furnishings, automotive, power products and sports, jewelry and luxury, retail and healthcare industries.

Our purpose is clear: we are committed to pioneering the future of financing, improving the success of every business we serve and the quality of each life we touch. This is fitting because when you join Synchrony Financial, you’re joining an organization that recognizes that our people are our greatest asset -every single one of them. That’s why we are deeply committed to investing in the growth of each member of our team. And with 80 years of experience, we know how to develop talent. At Synchrony Financial, we work hard to offer competitive rewards, compensation and benefits. When you join us, you become part of a stimulating work environment with vast opportunities to sharpen your skills and embrace new leadership challenges.

Posted 8 Days Ago

Full time


Application Instructions

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