ICAAP Model Governance Lead Analyst

Are you looking for a career move that will put you at the heart of a leading financial institution? Then bring your skills in model governance, problem solving and communication to Citi’s ICAAP (Internal Capital Adequacy Assessment Process) Model Governance Team.

By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

You will be joining the Central ICAAP and Stress testing Production Team within the Finance Department that leads the way in setting the ICAAP framework and standards by enhancing existing processes and controls, encouraging automation, and establishing best practice modelling. The mission of the Team is to ensure that Citi maintains a robust capital structure that meets regulatory requirements while effectively managing risks. The team is dedicated to providing high-quality, timely and accurate Capital Forecasts and stress RWA (Risk Weighted Asset) forecast calculations that guide strategic decision-making and enhance Citi's resilience to adverse economic scenarios across Europe, UK, the Middle East and Africa.

Your closer team, the Model Governance sub-team, works on the governance and maintenance of Financial Forecast models that serve the ICAAP production.

What you’ll do

• Collaborate across a variety of functions within Finance and Risk, to support the ICAAP production of 25+ Legal Entities in model related areas

• Provide governance for ICAAP financial forecast models in respect of Model Risk Management (MRM) requirements, to ensure that the models are available for use in the ICAAP submission

• Prepare financial forecast models for validation, including Initial or Re-Validation, Annual Model Review, Ongoing Performance Assessment, Model Change Reviews, and remediation of Limitations

• Responsible for model documentation, development testing (sensitivity and impact analysis, backtesting, quantitative justification of modelling choice, justification of model performance) and defending the model in Validation Monitor the deadlines of model events, engage with stakeholders in a timely manner, and keep the team informed to allow planning and allocating resources appropriately

• Identify areas for new model development and process automation. Support model development, standardization of approaches and best practice modelling.

The ideal candidate for this position possesses the following qualifications and skills:

• Master’s degree in quantitative Finance or other quantitative area

• 7+ years of work experience in a multinational organization

• Understanding of capital, capital buffers and a bank’s balance sheet

• Experience with ICAAP and stress testing

• Experience in model development, model validation or model audit

• Analytical mindset, structured approach to problem solving, strong communication, good attention to details

• Good interpersonal skills, ability to manage stakeholders, ability to work under time pressure (occasionally)

• Fluency in English with good communicational skills

• Ability to work independently, proactivity.

What we can offer you

We are a development-focused organization. The above qualifications and skills are considered as primary assets for the position – but we do not pursue perfectionism: We look for capable colleagues and help them grow to excellence in their fields and positions.

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work models)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities.

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-MF1

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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