VP, Model Governance

Role Summary/Purpose:

Reporting to the SVP, Model Risk, this role will manage the model risk management framework and overall model governance process for Synchrony Financial.

Our Way of Working

We’re proud to offer you 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 will be required to commute or travel for in person engagement activities such as business or team meetings, training and culture events. 

*Field Sales and some Commercial team roles may have varied location requirements based upon partner obligations or preferences. 

Essential Responsibilities:

• Management of the Model Risk Policy and Standards including the development and implementation of key control processes and supporting procedures/job aids/templates/guideline/training
• Partner with the validation center of excellence (COE) to design, formalize, implement, and maintain the GEN AI model governance/validation framework
• Systematically address the opportunities  identified through the regulatory exams, MRM self – assessment, quality assurance program and model community’s feedback to continuously improve validation rigor, value, speed, and model stakeholder experience. Provide strategic guidance and innovative directions to the MRM team, and lead the implementation of best practices and recommendations. 
• Maintenance and enhancement of the centralized Model Inventory and Attestation Process
• Serve as Secretary of the Model Risk Oversight Sub-Committee and supporting Working Group, responsible for agendas, meeting minutes, charter maintenance, etc.
• Key liaison to support other 2nd line of defense risk pillars activities such as Enterprise Risk Assessment, Risk and Control Self-Assessment, and Issue Management processes, etc., and strengthen strategic positioning by integrating insights and best practices across risk management functions.
• Deliver comprehensive management reports on both individual and aggregate model risk. Identify thematical issues, and provide actionable insights and guidance to the 1st line to proactively manage and mitigate model risk.
• Desing and deliver board education
• Partner with the supplier risk management and source to pay team to manage and enhance the model vendor onboarding process, ensuring a seamless integration of vendor capabilities to support robust model development and deployment.
• Facilitate regulatory examinations and internal audits of the modeling process and lead the model governance sessions to ensure compliance and foster continuous improvement in model risk management practices.
• Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and in-house) and financial services to provide expert, practical advice to ensure the group stay relevant and current.
• Perform other duties and/or special projects as assigned

Qualifications/Requirements:

• Master’s degree with emphasis in Statistics, Mathematics, Business, Economics, Finance or other quantitative field and 10+ years in model risk management or other risk governance in financial services, banking, or retail
• In lieu of a Master’s degree, a bachelor’s degree (or foreign equivalent) in Statistics, Mathematics, Economics or related quantitative filed and 14+ years’ experience in model risk management or other risk governance in financial services, banking, or retail
• 5+ years’ experience managing people
• Strong knowledge of Regulatory requirements for Model Risk (e.g. SR 11-7/OCC 2011-12) with proven track record of delivering Regulatory requirements and other Regulatory requirements
• Proven record of leading cross function projects from ideation to implementation
• Previous experience with Machine Learning / GEN AI oversight or development
• Ability and flexibility to travel for business as required

Desired Characteristics:

• 10+ years in the financial services industry including both analytic/modeling/quantitative experience and governance / policy related roles.
• Familiarity with consumer lending products and practices
• Sharp focus on accuracy with extreme attention to detail.
• Excellent Project Management Skills, as well as oral and written communication skills
• Proficient in Microsoft applications, including Excel Macros
• Tableau, Python or other program language

Grade/Level: 13

The salary range for this position is 130,000.00 - 210,000.00 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.

Our Way of Working:

We’re proud to offer you 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 will be required to commute or travel for in person engagement activities such as business or team meetings, training and culture events. 

*Field Sales and some Commercial team roles may have varied location requirements based upon partner obligations or preferences. 

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 an inclusive culture where your individual skills, experience, and voice are not only heard – but valued. Together, we’re building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.

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. We’re proud to have an award-winning culture for all. 

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: