VP, Risk Audit Manager - Modeling

Job Description:

The VP, Senior Audit Manager – Modeling is primarily responsible for planning and executing model, non-model tool (NMT) and model risk management audit engagements, risk assessments, continuous monitoring activities, and provide an independent and objective assessment of risk management practices, governance and controls over the Company's enterprise modeling and model risk management framework. This role will be a team member responsible for providing third line of defense coverage of modeling and NMT activities and risks, including the end-to-end design and effectiveness of the bank’s control environment.

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.

• Contribute to the direction and focus of the Credit, Analytics & Models Internal Audit Team through active engagement in risk assessment, audit planning, and continuous monitoring processes
• Lead and perform audits of modeling activities including evaluating model development, governance, validation, ongoing monitoring, model inventory, models, segmentation tools, Gen AI, NMTs, and end-user computing tools (EUCs)
• Support detailed process walkthroughs with management, including the identification of process risks and controls
• Document clear audit work papers that succinctly articulate purpose, scope, procedures, and conclusions of test work performed
• Assess inherent, control, and residual risks with a strong understanding of model build and use with in private label credit card processing and associated risks.
• Draft audit plans, develop audit tests, and lead audit execution. Identifying and assessing the impact of control deficiencies
• Lead coordination of testing with various audit teams, external auditors, consultants, and Second Line of Defense
• Track and validate findings/issues to ensure they are appropriately addressed.
• Prepare high quality audit deliverables including planning memoranda, audit programs, working papers audit issues and reports
• Present audit results to various levels of Internal Audit leadership, as well as the audit stakeholders within the organization
• Ensure Audit Managers have developed and documented clear audit work papers that succinctly articulate the process, risks, controls, test results, and conclusions
• Ensure audits conform with professional and departmental standards, budgets, and timelines
• Build and maintain strong working relationships with key stakeholders
• Lead the research of relevant banking, regulation, reporting, and model topics
• Serve as a model subject matter advisor and technical resource for the audit department
• Maintain technical subject matter expertise in models, model risk management, internal audit competency through ongoing professional development
• Maintain understanding of current and emerging risks within models and model risk management
• Perform other duties and/or special projects as assigned

• Bachelor or advance quantitative degree in statistics, mathematics, economics or an equivalent related field and 10 years of relevant experience in audit, risk management, or financial services.
• Minimum of 7 years of model and internal audit experience within financial services (i.e. consumer banking, credit cards). Proven experience in risk and control theory and professional auditing practices including internal auditing standards and requirements set out by Institute of Internal Auditors.
• Ability and flexibility to travel for business as required

• Minimum 7-10 years working with models, model risk management, internal audit or equivalent experience in Big 4 accounting.
• Knowledge and experience with general purpose and private label credit card products and processing.
• Knowledge and experience with regulatory risk management requirements and related guidance.
• Prior experience auditing, examining, or…