Synchrony · 1 month ago
VP, Model Validation and Validation COE
Chicago Site
Full-time
Hybrid
Mid, Senior Level
$135K/yr - $230K/yr
5+ years expSynchrony is a financial services company that is seeking a VP for Model Validation and Validation COE. This role is responsible for leading model validation for fraud models, establishing a center of excellence for model governance, and driving improvements in model risk management practices.
Consumer LendingFinanceFinancial ServicesInsuranceVenture Capital
No H1B
Responsibilities
Lead the creation and implementation of a comprehensive, end-to-end governance framework for Generative AI models, establishing clear standards, procedures, documentation templates, and process to effectively manage model risks such as hallucination, accuracy, and bias
Establish and maintain a quality assurance process to thoroughly review and assess validation practices
Proactively challenge the status quo to identify gaps or improvement opportunities in validation efforts
Provide guidance on best practices, support capacity planning, and collaborate with the Model Governance team to recommend and implement enhancements that strengthen the overall validation framework
Serve as an incubation center to explore, test, and implement innovative approaches—leveraging Generative AI capabilities—to accelerate and improve the speed, efficiency, and quality of model validation processes
Support the Model Governance team to improve 1LOD model owner experience and bring value focused validation practice
Accountable for all fraud model risk management and drive the timeline and completion of the projects with minimal guidance
Supervisory role working with junior reviewers in validation projects
Handle escalation of issues and dispute with model owner level independently
See through the issues remediation, root cause analysis, and potential risk acceptance
Support regulatory examinations and internal audits of the modeling process and selected models samples
Perform other duties and/or special projects as assigned
Qualification
Required
Master's degree (or foreign equivalent) in Statistics, Mathematics, Data Science or related quantitative field and 5+ years' experience in model development / model validation experience in financial services, banking, or retail; in lieu of a Master's degree, 9+ years' experience in model development / model validation experience in financial services, banking, or retail
4+ years' hands-on and proven experience with data science and statistical tools including Python, R, SAS, and SQL, SPARK, and Data Lake
4+ years of statistical analysis and the handling large amounts of data and analyzing for trends
4+ years' experience with the application of US regulatory requirements for Model Risk Management
Ability and flexibility to travel for business as required
Preferred
Strong knowledge of Regulatory requirements for Model Risk Management with proven track records of delivering Regulatory requirements
5+ years in Model Risk Management in modeling and validation in the financial services industry including both analytic/modeling/quantitative experience and governance or other credit/financial discipline
Experience in GEN AI Model validation, framework establishment
Experience in validation process automation and cycle time reduction leveraging GEN AI and other tools
Experience in people and project management, including demonstrated ability to develop actionable plan to meet high level objectives, strong execution, and timeline sensitive deliverables
Knowledge of Credit Card/Consumer Finance products and business model
Excellent written and oral communication and presentation skills
Company
Synchrony
Synchrony is a consumer financial services company.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$500M2024-02-15Post Ipo Equity· $500M
2014-08-01IPO
Leadership Team
Brian Doubles
President & CEO
Raj Deol
SVP, Sam’s Club Marketing Leader
Recent News
Benzinga.com
2026-01-21
Business News: Pasadena Star-News
2026-01-19
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