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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.


Job Family Group:

Risk Management


Job Family:

Risk Analytics, Modeling, and Validation


Time Type:


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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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