Model Validation 2nd Line Of Defense Senior Analyst, AVP (Hybrid)

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.  We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

Citi’s Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units.  We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

We’re currently looking for a high caliber professional to join our team as Assistant Vice President, Model Validation 2nd LOD Sr. Analyst - Hybrid (Internal Job Title: Model Validation 2nd LOD Sr. Analyst  based in Gurgaon, India.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• We empower our employees to manage their financial well-being and help them plan for the future.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

The Risk Analytics, Modeling and Validation role involves the development, enhancement, and validation of methods for measuring and analyzing all types of risks, including market, credit, and operational. In areas related to credit risk, individuals in this role develop, enhance, and validate models for measuring obligor credit risk, or early warning tools that monitor the credit risk of corporate or consumer customers, besides being involved in Loss Given Default studies. They also develop and maintain key risk parameters like default and rating migration data, usage given default data and transition matrices. This role is vital to the company as it provides a scientific and systematic approach to assessing and mitigating risks, thereby ensuring the company's financial stability, protecting its assets, and supporting its overall business strategy.

In this role, you’re expected to:

• The role is typically for Model Validator.
• Perform model validations, annual model reviews, ongoing monitoring reviews (on Low and Medium Model Risk Rating (MRR) models) and model limitation remediation reviews for one or more model / product type (e.g., precious metals models) under the supervision of a Validation Lead (VL)
• Provide effective challenge to the model development process on Low / Medium MRR models in the specific model / product type, in accordance with the Citi Model Risk Management Policy.
• Evaluate testing approach and results for individual models in accordance with MRM guidance
• Assess the ongoing performance monitoring of the models
• Contribute to regulatory and internal audit related responses
• Collaborate with other teams within Risk and the Business regarding qualitative models to facilitate compliance with our policies, procedures, and guidance. 
• Assist with preparing the reports and other meeting materials to MRM senior management.
• Support the process of designing, developing, delivering, and maintaining best-in-class qualitative model validation process standards, guidance, practices, templates, and other documentation.

• Be an enthusiastic and early adopter of change; take ownership for helping others see a better future and stay positive during uncertainty.
• Demonstrate and inspire curiosity in seeking new ways to overcome challenges; actively apply learning from failures.
• Challenge self and others to seek out and communicate alternative views even when unpopular; welcome diverse ideas to improve outcomes.
• Act as a change catalyst by identifying and helping others see where new ideas could benefit the organization.
• Proactively seek to understand and act in alignment with organizational decisions; help others prioritize team and enterprise success over their own personal agenda
• Focus on highest-priority work aligned to business goals; helps others effectively manage competing priorities.
• Proactively identify opportunities to streamline work; create process improvements that enhance efficiency for self and the team.
• Take personal accountability for escalating, identifying, and managing potential risk; implement controls that enhance the client experience and operational effectiveness.
• Anticipate problems and proactively identify solutions that address the root causes and result in meaningful improvements.
• Set high expectations and invest the necessary effort to deliver excellence and exceed performance goals.
• Role-model and help others to do the right thing for clients and Citi in all situations, even when difficult
• Engage key stakeholders early and often and actively look for opportunities to improve collaboration in achieving common goals.
• Proactively seek out opportunities to volunteer in Citi programs that support the community; advocate for solutions that meet the needs of Citi’s clients and the community.
• Enthusiastically promote the unique needs and preferences of colleagues; make active commitment to help colleagues achieve balance, well-being, and development.
• Leverage varied networks to recruit diverse talent; advocate for colleagues with diverse skillsets, styles, and experiences to gain career opportunities.
• Empathetically listen and understand others’ positions before acting on issues; works to amplify voices that are minimized in the workplace
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards

As a successful candidate, you’d ideally have the following skills and exposure:

• 5-8 years of experience
• Master in Statistics, Economics or Mathematics or Operational research is required.
• Excellent partnership and teamwork skills.
• Ability to formulate findings clearly and concisely in a written form and good verbal communication skills.
• Good analytic, creative thinking, and problem-solving abilities.
• Adept and meticulous at analysis and documentation of results.
• Ability to prioritize, work well under pressure, and deliver results under tight deadlines.
• Programming skills in languages like Python, MATLAB, C/C++/C#, VBA or other coding language as need.
• Knowledge of financial markets and products.
• Qualitative or quantitative model risk management experience is a plus.
• Programming skills in languages like Python, MATLAB, C/C++/C#, VBA or other coding language as need.
• Extensive experience in data analysis and interpretation and technical written skills.
• Strong technical skills such as solid knowledge of time series analysis, statistics and econometrics.
• Strong analytical skills.
• Excellent communication and diplomacy skills.
• Ability to evaluate complex and variable issues.
• Ability to influence decisions and provide expert advice.
• Strong problem-solving skills.
• Ability to work effectively in a team and independently.
• Project management skills, with the ability to manage multiple tasks and deadlines.
• Proficiency in data analysis and interpretation.
• Ability to identify inconsistencies in data or results and define business issues.
• Ability to formulate recommendations on policies, procedures, or practices.
• Attention to detail and the ability to make informed judgments based on information.

Education: 

Bachelor's/University degree or equivalent experience

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

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Job Family Group:

Risk Management

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Job Family:

Model Validation

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Credible Challenge, Data Analysis, Governance, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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