Job Description:
Role Summary/Purpose:
This role is responsible for the management, execution, and ongoing enhancement of the SYF Disparate Impact Testing Framework maintained by the Fair and Responsible Banking Team. We are looking for a seasoned analytics professional to engage with internal and external Model / Strategy Owners and Developers to conduct disparate impact testing, drive program enhancements, and lead testing initiatives. The role will also oversee, train, and provide effective challenge to Model and Strategy Owners who create business justifications to mitigate the risk of disparate impact. This role will report to the VP, Fair Lending Monitoring and will engage with other analytic resources dedicated to Fair Lending monitoring.
We're proud to offer you choice and 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 may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.
Essential Responsibilities:
Manage / enhance / execute the SYF Fair Lending Disparate Impact Testing framework in response to new and evolving regulatory guidance, including but not limited to the implementation of an enterprise-wide Disparate Impact testing plan, policies, procedures, and control processes.
In conjunction with Legal, communicate analysis results and findings in a clear manner to stakeholders at all levels within the firm, including senior management.
Oversee, train and provide effective challenge to model and strategy developers who are creating business justifications to mitigate disparate impact risk.
Oversee third party supplier who conducts disparate impact testing; Manage associated budget.
Responsible for the development and ongoing management of a centralized variable repository used to aid in the assessment of risk
As a subject matter expert, provide guidance to the business on the Fair Lending-related regulations by keeping abreast of developing trends and changes in regulations relating to Fair Lending
Perform other duties and/or special projects as assigned
Qualifications/Requirements:
Bachelor's degree with quantitative underpinning (i.e., Mathematics, Statistics, Finance, Economics, or, Engineering) and 5+ years of Consumer Lending statistical modeling/analytics experience; or in lieu of a degree 9+ years' experience in Risk, Credit, Finance, Accounting, Consumer Lending, and/or other relevant professional experience
5+ years managing a team and providing thought leadership to support model/strategy development activities
Understanding of Fair Lending Laws and Principles including ECOA, Disparate Treatment and Disparate Impact
Desired Characteristics:
Masters or PHD degree with quantitative underpinning (i.e., Mathematics, Statistics, Finance, Economics, or, Engineering)
Demonstrated ability to lead /manage large cross functional projects and deliver results within deadlines
Excellent communication and influencing skills to coordinate with multiple functional areas and independently present explanations of complex subjects to senior management and partner with teams throughout the company
Strong ability to rapidly learn the intricacies of an unfamiliar process, structure and scope complex problems, apply a range of analytical tools, gain and synthesize insights, and develop actionable recommendations
Familiarity with model development and governance standards across the banking sector, especially as related to credit card and consumer lending (SR11-7, OCC 11-12)
Experience/understanding of sophisticated modeling frameworks based on cutting-edge / next-gen techniques (ML, Python, PySpark, R)
Experience in data visualization (Tableau/Excel) and reporting solutions
Grade/Level: 13
The salary range for this position is 150 000.00 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.
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.
N ew 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 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-. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time
Job Family Group:
Risk Management