Manager, Credit Model Development (L09)

Job Description:

Role Title : Manager, Credit Model Development (L09)

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.

• Synchrony celebrates ~52% women diversity, 105+ people with disabilities, and ~50 veterans and veteran family members.

• We offer Flexibility and Choice for all employees and 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, focusing on Advancing Diverse Talent to take up leadership roles.

Organizational Overview:
Credit Team decisions credit actions across the lifecycle of a customer - from acquisition to account management to collections and recover - we work towards managing credit and fraud losses and elevating customer experience through powerful and proprietary insights on customer risk and credit behaviours. The actionable insights are driven by access to numerous alternative data sources, new age technologies, focused strategies, emerging algorithms, and predictive precision. Spread across 10 pillars the credit team in India caters to the entire gamut of decision sciences, from data management to model development to strategy design, and bringing it all to life through technology, and managing within the guardrails of our regulatory requirements. As part of the team, you will have access to some unique product propositions, functional and leadership training, interaction with executive leadership team and a myriad of diverse perspectives.

Role Summary/Purpose:

A critical new role Manager, Credit Model Development, 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.

Key Responsibilities:

• Serve as a key contributor and 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

Required Skills/Knowledge:

• Bachelors degree with quantitative underpinning (i. e. , Risk, Economics, Finance, Mathematics, Statistics, Engineering) with minimum 2+years experience in an analytical/quantitative role related to consumer lending or in lieu of a degree 4 + years of relevant experience in an analytical/quantitative role related to consumer lending.

• Technical Skills : Credit card modeling/analytics experience

• Proven hands-on experience utilizing SAS or SQL data mining skills as well as opensource tools such as python and pyspark.

• Experience using Excel/BA, strong PowerPoint and documentation skills

• Ability to manage multiple competing initiatives and deliver results within deadlines and with a focus on accuracy and attention to detail

• Communication and influence skills: Good communication and influencing skills to coordinate with multiple functional areas

• Documentation skills: Demonstrated ability in documenting controls and procedures

Desired Skills/Knowledge:

• Problem solving skills: Strong ability to rapidly learn the intricacies of an unfamiliar process, structure and scope complex problems, apply a range of analytical tools, gain and synthesize insights, and develop actionable recommendations

• Experience in building/reviewing champion/challenger credit and risk models for consumer loss forecasting

• Comfort with Data and Technology: Prior experience functioning in roles and functions that are highly data-driven and require understanding of data models, process flows, and technology architecture as related to business requirements, including comfort interacting with internal technology teams

• Knowledge of external environment, industry/competitor profiles, and common macro economic indicators and correlations

Eligibility Criteria:

Bachelors degree with quantitative underpinning (i. e. , Risk, Economics, Finance, Mathematics, Statistics, Engineering) with minimum 2+years experience in an analytical/quantitative role related to consumer lending or in lieu of a degree 4 + years of relevant experience in an analytical/quantitative role related to consumer lending .

WORK TIMINGS:

This role qualifies for Enhanced Flexibility and Choice 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. Please discuss this with the hiring manager for more details.

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 (First Formal/Final Formal, PIP)
• L4 to L7 Employees who have completed 12 months in the organization and 12 months in current role and level are only eligible
• L8+ Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible
• L04+ Employees can apply

Grade/ Level: 09

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