VP, Modeling Strategic Initiatives

Job Description:

Role Summary / Purpose 

The VP, Modeling  Strategic Initiatives sits within the Credit Organization’s Model Development Center of Excellence (COE) and plays a critical leadership role in designing and driving the execution of innovative and strategic initiatives. This role will support the COE by evaluating opportunities for improvement, helping formulate solutions, building consensus on strategic roadmaps and supporting a continuous improvement agenda in alignment with business objectives. This leader partners closely with Model Development leadership to identify, structure, and lead key efforts that strengthen modeling practices, improve efficiency, and drive innovation across model development activities. This will entail collaborating with other key functions within the Credit organization as well as organizations (e.g., Technology, Growth, Risk, etc.) outside of it.  

Essential Responsibilities 

• Identify and actively solicit feedback within Credit organization and across other organization for opportunities to improve the value and efficiency of the model development function, including areas of accelerated cloud adoption, process optimization, GenAI use cases, enhanced and automated reporting, risk and control frameworks and more. 

• Translate Model Development COE priorities into actionable roadmaps with potential impact analysis, resource requirements, and measurable outcomes. 

• Oversee the development, execution, and continuous improvement of quality review protocols and coordinated processes (e.g., end-to-end model lifecycle) with data, technology and risk groups for model development activities. 

• Work closely with the SVP, Model Development to plan, update and prioritize current and proposed initiatives.  

• Identify and evaluate strategic opportunities across emerging technologies, market trends, competitor analysis, partnership value creation and operational capabilities to drive innovation within the Model Development COE; champion a test-and-learn culture and oversee the scaling of validated modeling approaches and pilot initiatives. 

• Support the partnership with other functions and teams, including development of joint operating processes with partner teams in Credit CoE’s and allied support functions. 

• Play a key coordination and management role in the Modeling and Data Science Consultative Group (MDSCG). 

• Establish and manage governance frameworks, consistent and best-practice procedures for model development, MDSCG, capacity management, reporting cadences, and escalation protocols. 

• Read the identification and resolution of issues arising from model validations, monitoring flags, audits, or internal reviews; manage remediation plans, track progress, and ensure timely closure of issues while maintaining transparency with stakeholders, in partnership with governance functions in 2nd and 3rd line, as well as key governance contacts within partner 1st