VP, Account Management Credit Strategy Governance and Initiatives Leader

Job Description:

Role Summary/Purpose:

The VP, Account Management Credit Strategy Governance and Initiatives Leader is a new multifunctional role with several key and broad leadership responsibilities.  The successful candidate will combine their deep credit acumen, understanding of modeling concepts and their exceptional influencing and leadership skills to drive governance and strategic initiatives for the Account Management Credit Strategy team.  This role will report to the SVP, Credit Account Management Strategy and Analytics leader and will have a team of analysts reporting to them.

This role will be integral to enhancing the connectivity between model performance and strategy usage and will lead a team of analysts to perform deep dives and root cause analysis diagnosing the impact of credit model performance on credit strategies.  These diagnostics will cover 6 Tier 1 and Tier 2 models, and Account Management Strategies that generate $20Bil in incremental exposure for Growth programs and cover $14Bil in Loss Mitigation programs.

This role requires expertise in and leadership of teams using advanced statistical and analytical tools to investigate strategy performance and to build new Credit strategies.  It requires strong understanding of Credit Models, and governance of Credit Models and Credit Strategy.  They will work in close partnership with the Modeling Team, several second line teams, strategy implementation teams, and senior leadership. 

Our Way of Working

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:

Lead a team of analysts to perform deep dives and root cause analysis diagnosing the impact of credit model performance on credit strategies. Sample responsibilities include:

• Develop new analytic approaches for performing deep dives into credit strategies based on the various on-going model monitoring metrics

• Influence leaders from Modeling, Model Risk Management, Credit Strategy and 2nd Line of Defense Strategy Validation towards solutions and alternative approaches

• Regularly communicate with and present to senior leadership

• Provide recommendations and lead a team to execute remediation actions to credit strategies when models used within the strategies are not performing as expected

• Lead a team of analysts to adjust or rebuild credit strategies (NMTs) when underperforming models or model monitoring segments have impacts on credit strategies

• Author executive summary narratives for on-going model monitoring summaries explaining technical concepts in easily understood language.

 Lead governance initiatives and regulatory exams, including the following responsibilities:

• Lead preparation of materials for internal reviews and regulatory exams by developing written responses to questions from internal and external regulators that explain technical concepts in easily understood terminology

• Translate model governance to strategy leads in adhering to enhanced Model Risk Management framework and influence cross functional projects across model changes

• Strengthen non-model tool governance by ensuring that all NMTs are identified and that NMT policies and controls are followed.

• Provide recommendations and development of strong fire-proofing controls around Account Management Credit Strategies.

• Collaborate with 2nd / 3rd lines of defense to ensure strong governance, safety & soundness of strategies. Fully support regulatory requests, internal reviews, audits and business continuity planning

• Create processes & controls to ensure that data, analyses, strategies, and recommendations are accurate

Lead large strategic initiatives and special projects that cross multiple Account Management programs, such as new model or attribute implementations:

• Drive business specification/initiatives with the technology innovation teams to support the identification and adoption of best-in-class methodologies, processes, and tools to meet business objectives

• Influence cross-functional teams to drive large projects ensuring high quality delivery within timelines

• Provide thought leadership to ideate, analyze, evaluate and integrate new data and