AVP Credit Model Development & Data Science Analytics

Company: Disability Solutions
Location: Stamford
Posted on: March 18, 2023

Job Description:

Job Description:Role Summary/Purpose: A critical new role AVP, Credit Model Development and Data Science Analytics, will be responsible for providing analytical/quantitative input to develop, implement and monitor the build of complex consumer credit risk loss forecasting, reserve and capital models. The 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 model mechanics and articulating nuances to leadership will be an important aspect of the role. This is a great opportunity for someone who is a modeler/statistician/data analyst/coder (or a combination) with experience in consumer credit analysis. We offer a dynamic, collaborative team environment with a strong credit risk management culture and opportunities to train in new technologies and complex applications. Essential Responsibilities:

• Develop, implement, and maintain an integrated loss forecasting and capital modeling suite that supports overall alignment between baseline and stressed scenarios, as well as capital planning initiatives using PySpark/Python/SAS or other programing language and big data
• Support the development of balance and revenue forecasting models, encompassing data, statistics, modeling and business acumen
• Extract and analyze client level data using structured and/or unstructured data across several data warehouses to generate actionable insights and inputs to model development
• Analyze data to identify patterns and trends across sales/payment/delinquency behavior
• Adapt automation and develop alternative predictive methodologies (Machine Learning) and/or cloud initiatives (AWS) to current and future models to enhance functionality
• Plan and execute self-driven analytics using next generation technologies, prepare analysis and reports to support discussions on key analytics and model aspects to drive decision making
• Manipulate large data sets and use them to identify trends and reach meaningful conclusions to inform strategic business decisions
• Develop attribution analysis and synthesize results to evaluate the applicability of existing models for cross-functional use, identify gaps and develop solutions to reduce process redundancies
• Support building and enhancing procedures and model documentation in compliance with regulatory guidance as well as the Bank's model risk policy
• Keep pace with the latest developments in academia, regulatory environment, technology (vendor and inhouse) and financial services industries to embrace change and drive improvements cross-functionally
• Perform other duties and/or special projects as assigned from time to time Qualifications/Requirements:
  • Bachelors or Masters in Mathematics/Statistics, Computer Science, Economics, Finance or other quantitative discipline; or in lieu of a degree 5+ years' experience in Risk, Finance, Consumer Lending
  • 3+ years of experience in Consumer Lending statistical modeling/analytics, preferably related to CECL and/or Loss Forecasting modeling for credit cards
  • 2+ years in coding with Python, PySpark or other equivalent language within the past 5 years
  • Strong written/oral communication skills
  • Ability to create visualizations of data and/or quantitative information for management decisioning Desired Characteristics:
    • Credit card modeling/analytics experience
    • Familiarity with any data visualization tools like TABLEAU
    • Working knowledge in big data tools such as Hadoop HIVE, PySpark
    • Solid understanding of different machine learning techniques: (dimensionality reduction, representation learning, generative modeling, transfer learning, and missing value imputation)
    • Intermediate/Advanced EXCEL skills with demonstrable familiarity with pivot-tables, worksheet formulas, macros, array formulas, and other techniques
    • Knowledge of regulatory requirements for Model Development (e.g., SR 11-7/OCC 2011-12)
    • Ability to work in a matrix organization managing multiple competing initiatives and deliver results within deadlines and with a focus on accuracy and attention to detail
    • Demonstrated ability in documenting controls and procedures
    • Excellent time management skill Grade/Level: 10The salary range for this position is 75,000.00 - 130,000.00 USD AnnualSalaries are adjusted according to market in CA and Metro NY and some positions are bonus eligible. 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 24 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 a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ , with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions. 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. 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: Credit

Keywords: Disability Solutions, Stamford , AVP Credit Model Development & Data Science Analytics, Other , Stamford, Connecticut