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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.

Model Validator

Job Req ID 21337931 Primary Location New York, New York Job Category Risk Management
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Job Responsibilities:
-    Manage model risk across the model lifecycle including model validation, ongoing performance evaluation and annual model reviews.
-    Provide guidance to junior validators as and when necessary
-    Manage stakeholder interaction with model developers and business owners during the model lifecycle.
-    Represent the bank in interactions with regulatory agencies, as required. 
-    Present model validation findings to senior management and supervisory authorities.
-    Provide effective challenge to model assumptions, mathematical formulation, and implementation
-    Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls. 
-    Contribute to strategic, cross-functional initiatives within the model risk organisation. 

Job Qualifications:
-    Minimum of Master’s degree in a quantitative field (physics, mathematics,, computer science, financial engineering, etc.) with 4+ years of relevant experience.
-    Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second Master’s degree,  CPA or CFA
-    Experience in a quantitative role in risk management at a financial institution with experience in either model development or validation, ideally experience in modeling of Equity derivative products
-    Strong derivative pricing skills a must (stochastic calculus, numerical techniques, coding in C++/python). 
-    Strong communication skills with the ability to find practical solutions to challenging problems
-    Team work and commitment a must.

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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:

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Citi is an equal opportunity and affirmative action employer.

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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

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View the Pay Transparency Posting

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