AVP, Compliance BSA/AML/OFAC Model Governance

Job Description Role Overview: As an AVP, Compliance BSA/AML/OFAC Model Governance at Synchrony, you will be providing support to the Compliance team regarding the BSA/AML/OFAC teams model risk management activities. Your role will involve assisting the team with various quality assurance and governance tasks related to model risk management. Key Responsibilities: - Assist the BSA/AML/OFAC team with Model Risk Management (MRM) team inquiries and requests, including technical matters, ongoing monitoring issues, and change management. - Collaborate with the MRM team on pre-implementation model documentation to ensure compliance with existing policies, standards, and procedures before deploying new models. - Conduct data analytics and checks to verify the suitability of development data and operational data for the model's use. - Recommend metrics to assess model performance effectiveness. - Prepare ongoing monitoring reports for approval by the BSA/AML/OFAC leadership team. - Coordinate with third-party suppliers to ensure compliance of any third-party models used by the BSA/AML/OFAC team with Synchrony's standards. - Participate in model tuning events, including pre-implementation testing and documentation to ensure accurate outputs post-deployment. - Work closely with the BSA/AML/OFAC leadership team and MRM team to address and rectify any identified model deficiencies promptly. Qualifications Required: - Minimum Master's degree in Statistics, Mathematics, Economics, or related quantitative field, along with 4 years of experience in model development/validation in financial services, banking, or retail. Alternatively, 6 years of experience in a related field in lieu of a degree. - Proficiency in statistical tools such as Python, R, SAS, SQL, SPARK, and Data Lake. - Strong background in statistical analysis, handling large datasets, and trend analysis. - Familiarity with US regulatory requirements for Model Risk Management. - Excellent written and oral communication skills. - Knowledge of Regulatory requirements for MRM with a track record of meeting Regulatory requirements. - Experience in project management, developing actionable plans, and meeting objectives. - Attention to detail and accuracy in work. - Understanding of Credit Card/Consumer Finance products and business models. - Exposure to Machine Learning/AI methodologies and applications. Additional Company Details: Synchrony is a premier consumer financial services company offering a digitally enabled product suite across various industries. The organization emphasizes employee flexibility, career advancement opportunities, and a focus on work-life integration and overall well-being. Synchrony's Risk Team provides oversight to manage risks effectively and ensure regulatory compliance. Note: This job description is specific to the role of AVP, Compliance BSA/AML/OFAC Model Governance at Synchrony and does not include information relevant to other positions within the organization. Role Overview: As an AVP, Compliance BSA/AML/OFAC Model Governance at Synchrony, you will be providing support to the Compliance team regarding the BSA/AML/OFAC teams model risk management activities. Your role will involve assisting the team with various quality assurance and governance tasks related to model risk management. Key Responsibilities: - Assist the BSA/AML/OFAC team with Model Risk Management (MRM) team inquiries and requests, including technical matters, ongoing monitoring issues, and change management. - Collaborate with the MRM team on pre-implementation model documentation to ensure compliance with existing policies, standards, and procedures before deploying new models. - Conduct data analytics and checks to verify the suitability of development data and operational data for the model's use. - Recommend metrics to assess model performance effectiveness. - Prepare ongoing monitoring reports for approval by the BSA/AML/OFAC leadership team. - Coordinate with third-party suppliers to ensure compliance of any third-party models used by the BSA/AML/OFAC team with Synchrony's standards. - Participate in model tuning events, including pre-implementation testing and documentation to ensure accurate outputs post-deployment. - Work closely with the BSA/AML/OFAC leadership team and MRM team to address and rectify any identified model deficiencies promptly. Qualifications Required: - Minimum Master's degree in Statistics, Mathematics, Economics, or related quantitative field, along with 4 years of experience in model development/validation in financial services, banking, or retail. Alternatively, 6 years of experience in a related field in lieu of a degree. - Proficiency in statistical tools such as Python, R, SAS, SQL, SPARK, and Data Lake. - Strong background in statistical analysis, handling large datasets, and trend analysis. - Familiarity with US regulatory requirements for Model Risk Management. - Excellent written and oral communication skills. - Knowledg