Manager - Model Development

Job description

Job Number

2305491

Business

GE Capital

Business Segment

Synchrony Financial

About Us

With roots in consumer finance that trace back to 1932, Synchrony Financial (formerly GE Capital Retail Finance) is a leader in consumer credit and promotional financing, providing a range of products for a diverse group of national and regional retailers – including Main Street mainstays-, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers. We are the largest provider of private label credit cards in the United States based on purchase volume and receivables and we provide co-branded dual card credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank. Who do we serve? Hundreds of thousands customers across the U.S. and Canada spanning the electronics and appliances, home furnishings, automotive, power products and sports, jewelry and luxury, retail and healthcare industries.

Our purpose is clear: we are committed to pioneering the future of financing, improving the success of every business we serve and the quality of each life we touch. This is fitting because when you join Synchrony Financial, you're joining an organization that recognizes that our people are our greatest asset —every single one of them. That's why we are deeply committed to investing in the growth of each member of our team. And with 80 years of experience, we know how to develop talent. At Synchrony Financial, we work hard to be an employer of choice, offering competitive rewards, compensation and benefits. When you join us, you become part of a stimulating work environment with vast opportunities to sharpen your skills and embrace new leadership challenges.

THIS NOTICE IS BEING POSTED IN CONNECTION WITH THE FILING OF APPLICATIONS FOR PERMANENT ALIEN LABOR CERTIFICATION. ALL APPLICANTS MUST RESPOND DIRECTLY TO THE EMPLOYER. ANY PERSON MAY COMMENT OR PROVIDE DOCUMENTARY EVIDENCE BEARING ON THIS APPLICATION TO THE OFFICE LISTED BELOW:

U.S. Department of Labor
Employment and Training Administration
Atlanta National Processing Center
Harris Tower
233 Peachtree Street
Suite 410
Atlanta, Georgia 30303

GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

Posted Position Title

Manager - Model Development

Career Level

Experienced

Function

Risk Management

Function Segment

Modeling and Validation

Location(s) Where Opening Is Available

United States

U.S. State, China or Canada Provinces

Georgia

City

Alpharetta

Postal Code

30005-8378

Relocation Expenses

No

Essential Responsibilities

· Manage the design, development, documentation, approval, implementation and monitoring of enterprise wide models for Synchrony Financial (SYF).

· Design and develop a variety of models in consumer credit: ALLL, loss forecasting, stress testing and capital planning (DFAST/CCAR, PPNR), economic capital, interest rate risk management, liquidity risk management covering required exposure across the SYF business.

· Support appropriate and optimal use of models in all required risk and finance processes: risk reporting and analytics, stress testing, ALLL/general reserves, capital allocation and management and portfolio optimization for risk/return.

· Keep pace with the latest developments in academia, regulatory environment, risk technology (vendor and internal) and the financial services industry.

· Develop, implement and manage holistic strategies for modeling (design, development, validation, calibration, documentation, approval, implementation, monitoring and reporting).

· Drive simplicity and efficiencies in the deployment of models, including wing-to-wing management of the model development, approval, implementation and monitoring process.

· Develop detailed documentation of processes, procedures and performance tracking related to model development and application process as required by the Supervisory Guidance on Model Risk Management SR11-7/OCC 2011-12.

· Manage assigned tasks.

Additional Eligibility Qualifications

GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.

Desired profile

Qualifications/Requirements

· The primary requirement is a Bachelor's degree, or foreign degree equivalent, in Math, Statistics, Business, Economics, or Applied Economics, and three (3) years experience in a related Risk or Finance role. Alternatively, the employer will accept a Master's degree in Math, Statistics, Business, Economics, or Applied Economics, and one (1) year experience in a related Risk or Finance role.

· Position requires experience in financial services industry, and experience in modeling for risk with SAS (or equivalent).

· 40 hrs/wk, 8:00am-5:00pm, M-F, $107,000 to $110,000 per year.

Eligibility Requirements :

· All applications for employment must be submitted through either https://www.synchronyfinancial.com/careers.html (external applicants) or the Career Opportunity System (COS) to be considered

· 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 selection process

· If currently a Synchrony Financial/GE Employee, you must have been in your current position for at least 6 months (AP) or 24 months (PB or greater), have at least a 'consistently meets expectations' performance rating and have the approval of your manager to post (or the approval of your manager and HR to apply if you don't meet the time-in-job or performance requirement

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.