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Senior Analyst, Model Risk Management (L08)

Senior Analyst, Model Risk Management (L08)

ConfidentialDelhi, India
7 days ago
Job description

JOB_POSTING-3-74712-3

Job Description

Role Title : Senior Analyst, Model Risk Management (L08)

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 talent.
  • 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

Synchrony's Risk Team is a dynamic and innovative team dedicated to provide oversight as 2nd Line of Defense. As a member of this Team, you'll play a pivotal role for high quality model validation and to ensure modeling techniques and results are consistent with the respective strategic uses, models performing as intended, and complying with related MRM policies, standards, procedures as well as regulations. This role requires expertise in supporting model validation initiatives related to quantitative analytic modeling with the Synchrony Model Governance and Validation team. If you are passionate about Model validation and Modelling techniques then Synchrony's Risk team is the place to be.

Role Summary / Purpose

Support model validation initiatives related to statistical, Machine Learning (ML) and documentation with the Synchrony Model Risk Management team. This is an individual contributor role.

Key Responsibilities

  • Validate the soundness, accuracy and performance of statistical and ML models.
  • Perform all required tests (e.g. – model performance, sensitivity analysis, back-testing 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.
  • Support in additional book of work or special projects as in when required.
  • Required Skills / Knowledge

  • Degree in Statistics, Mathematics, Economics, Engineering, or any other quantitative streams with 6 months to 2 years of hands-on relevant experience, or in lieu of a degree 2 to 4 years of relevant work experience.
  • 6 months to 2 years of hands-on modeling experience in models , such as credit, fraud, marketing, etc.
  • 6 months to 2 years of experience (either as part of educational curriculum or previous work experience) with statistical tools like SAS, Python, SQL, etc.
  • Desired Skills / Knowledge

  • 0-2 years of proven experience in Model Risk Management or model development in the financial services industry including both analytic / modeling / quantitative experience and governance or other credit / financial discipline.
  • Ability to apply analytical skills to solve problems creatively.
  • Sharp focus on accuracy with extreme attention to detail and able to make recommendations as opportunities arise.
  • Be self-motivated, act promptly and effectively when assigned tasks.
  • Excellent written and oral communication and presentation skills.
  • Eligibility Criteria

    Degree in Statistics, Mathematics, Economics, Engineering, or any other quantitative streams with 6 months to 2 years of hands-on relevant experience, or in lieu of a degree 2 to 4 years of relevant work experience.

    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 or 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, LPP)
  • 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.
  • L4+ employees can apply.
  • Grade / level : 08

    Job Family Group

    Credit

    Skills Required

    Sas, Sql, Python

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