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The health and safety of our colleagues and candidates for employment are our highest priority. Accordingly, Citi continues to monitor the COVID-19 situation closely. We have implemented precautionary measures across our firm globally, including conducting all candidate interviews virtually on a temporary basis until further notice where needed.

Basel Advanced Approaches Model Oversight Manager VP

Job Req ID 22560439 Location(s) New York, New York; Irving, Texas Job Category Risk Management
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Job Description

The Basel Advanced Approaches (BAA) Model Oversight manager is responsible for the end-to-end model oversight framework related to Basel Advanced Approaches for credit and market risk measurement including policies, committees, and supporting procedures and workflows within Citi Independent Risk Management.  The role is also responsible for the model performance and limitation analytics and associated reporting packages for senior risk governance forums.

Key Responsibilities:

  • Working and collaborating across risk stripes (that is, Credit, Market and Operational Risk), maintain oversight on model performance for models used in calculating RWA under Basel Advanced Approaches
  • In partnership with Model Sponsors and Developers, ensure Advanced RWA Model Governance and Controls Framework is well-defined, transparent, and documented in a comprehensive manner
  • In partnership with the risk stripes, develop, and implement RWA model output analytics for Senior review across all three lines of defense
  • Aggregate and report RWA impact of model changes.
  • Monitor model limitations and associated remediation plans

Key Requirements and Qualifications:

  • 7+ years of experience including significant exposure to analytical methodologies and modeling frameworks for risk measurement and regulatory capital calculations of market and credit risks.
  • A comprehensive understanding of Basel regulatory requirements across either market risk, wholesale, counterparty, or retail credit risk
  • Prior experience in financial modelling and associated governance is a plus
  • Ability to execute effectively across businesses, functions, and geographies
  • Excellent written and verbal communication skills with the ability to articulate complex problems and policy interpretations through concise and clear messaging
  • Ability to manage multiple priorities and tasks, highly motivated with attention to detail, team oriented, organized, pro-active
  • Ability to assess complex issues through root cause analysis and other analytical techniques

Education:

  • Bachelor’s degree in economics, finance, math, engineering or hard sciences.  Advanced analytical training (Masters) a plus

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Job Family Group:

Risk Management

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Job Family:

Risk Analytics, Modeling, and Validation

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Salary Range:

$132,320.00 - $198,480.00

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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View the EEO Policy Statement.

View the Pay Transparency Posting

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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