AVP, Compliance BSA/AML/OFAC Model Governance (L10)

Synchrony; South Africa; Remote; ZAR 400 000 - 500 000; Full time

Job summary

A leading consumer financial services company in South Africa is seeking an AVP, Compliance for their BSA/AML/OFAC team. The role involves supporting model risk management, ensuring compliance with regulatory standards, and conducting data analytics. The ideal candidate will have a Master's degree in Statistics, extensive experience with statistical tools, and strong communication skills. This position offers flexibility in work hours.

Benefits

Flexibility and choice in work hours

Career advancement opportunities

Best-in-class benefits

Qualifications

• 4+ years' experience in model development or validation.
• Hands-on experience with statistical tools.
• Strong analytical skills and attention to detail.

Responsibilities

• Support BSA/AML/OFAC model risk management activities.
• Assist with model documentation and compliance.
• Perform data analytics to validate model development.

Skills

Master's degree in Statistics or related field

Experience with statistical tools like Python, R, SAS

Statistical analysis and handling large data

Knowledge of US regulatory requirements for MRM

Excellent communication skills

Education

Master's degree or equivalent

Tools

Python

R

SAS

SQL

Job description

Job Description:

Role Title: AVP, Compliance BSA/AML/OFAC Model Governance (L10)

Company Overview

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.

• We have recently been ranked #2 among India’s Best Companies to Work for by Great Place to Work. We were among the Top 50 India’s Best Workplaces in Building a Culture of Innovation by All by GPTW and Top 25 among Best Workplaces in BFSI by GPTW.

• We have also been recognized by AmbitionBox Employee Choice Awards among the Top 20 Mid-Sized Companies, ranked #3 among Top Rated Companies for Women, and Top-Rated Financial Services Companies.

• We offer Flexibility and Choice for all employees and provide best-in-class employee benefits and programs that cater to work-life integration and overall well-being.

• We provide career advancement and upskilling opportunities, focusing on Advancing Diverse Talent to take up leadership roles.

Organizational Overview

Synchrony's Risk Team provides independent oversight of Synchrony’s risk‑taking activities to ensure safety and soundness, meet regulatory and legal requirements, and manage risks to the risk‑appetite of the Board. Risk is responsible for independently assessing, quantifying, and overseeing risks & providing effective challenge. Risk serves as Synchrony’s Second Line of Defense.

Overall, Risk Team oversees and manages the Risk Program to support the business in anticipating and addressing risks, issues and challenges. Results are consistent with the respective strategic uses and complying with related overall risk, risk testing policies, standards, procedures as well as regulations. Our Risk organization consists of 4 pillars: Compliance, Credit & Financial Risk, Enterprise Risk and Operational Risk. Each of the pillars play a vital role in managing Risk and supports the business in anticipating and addressing risks, issues, and challenges.

Role Summary/Purpose

This position provides support to the Compliance team related to the BSA/AML/OFAC team’s model risk management activities and support the BSA/AML/OFAC team with various quality assurance and governance items.

Key Responsibilities

• Assist the BSA/AML/OFAC team as it pertains to Model Risk Management (MRM) team questions and deliverable requests which includes technical matters, ongoing monitoring issues, and change management.

• Assist with the pre-implementation model documentation and work with the MRM to ensure all requirements are met including compliance with existing policies, standards, and procedures as applicable prior to deployment of any new models.

• Perform data analytics and checks to ensure development data and operational data are appropriate for the model.

• Recommend metrics for model performance effectiveness.

• Assist in preparation of all on‑going monitoring reports for approval by the BSA/AML/OFAC leadership team.

• Work with third‑party suppliers for any third‑party models in use by the BSA/AML/OFAC team to ensure all models are maintained at Synchrony required standards.

• Participate in all models tuning events including conducting and documenting pre‑implementation testing to ensure accurate outputs will be produced once deployed.

• Liaison with BSA/AML/OFAC leadership team and MRM to ensure any identified model deficiencies are remediated correctly and timely.

Required Skills/Knowledge

• Minimum Master's degree (or equivalent international degree in Statistics, Mathematics, Economics or related quantitative field and 4+ years' experience in model development / model validation experience in financial services, banking, or retail, or in lieu of degree, 6+ years of experience in related field).

• 4+ years’ hands‑on experience with one or more statistical tools including Python, R, SAS, and SQL, SPARK, and Data Lake.

• 4+ years of statistical analysis and the handling large amounts of data and analyzing for trends.

• 4+ years’ experience with the application of US regulatory requirements for MRM.

• Excellent written and oral communication and presentation skills.

Desired Skills/Knowledge

• Strong knowledge of Regulatory requirements for MRM with proven track records of delivering Regulatory requirements.

• 4+ years in MRM in modeling and validation in the financial services industry including both analytic/modeling/quantitative experience and governance or other credit/financial discipline.

• Experience in project management, including demonstrated ability to develop actionable plan to meet high level objectives, strong execution, and timeline sensitive deliverables.

• Sharp focus on accuracy with extreme attention to detail.

• Knowledge of Credit Card/Consumer Finance products and business model.

• Experience with Machine Learning / AI methodologies and related applications.

Eligibility Criteria

• Minimum Master's degree (or equivalent international degree in Statistics, Mathematics, Economics or related quantitative field and 4+ years' experience in model development / model validation experience in financial services, banking, or retail, or in lieu of degree, 6+ years of experience in related field).

• 4+ years’ hands‑on experience with one or more statistical tools including Python, R, SAS, and SQL, SPARK, and Data Lake.

Work Timing

This role qualifies for Enhanced Flexibility and Choice offered in Synchrony India and will require the incumbent to be available between 06:00 AM Eastern Time – 11:30 AM Eastern Time (timings are anchored to US Eastern hours and will adjust twice a year locally). This window is for meetings with India and US teams. The remaining hours will be flexible for the employee to choose. Exceptions may apply periodically due to business needs. Please discuss this with the hiring manager for more details.

For Internal Applicants

• Understand the criteria or mandatory skills required for the role, before applying.

• Inform your manager and HRM before applying for any role on Workday.

• Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format).

• Must not be any corrective action plan (Formal/Final Formal, LPP).

• L8+ Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible.

• L08+ Employees can apply.

Grade/Level: 10

Job Family Group

Risk Management