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Qualitative Models Validation Senior Analyst

Job Req ID 22555612 Location(s) New York, New York Job Category Risk Management
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This position is with the Qualitative Model Validation team and is part of the Model Risk Management (MRM) group, which resides in the Risk organization. The Qualitative Model Validation team is responsible for reviewing and assessing qualitative models as part of Citi’s Model Risk Management framework. The main objectives are to ensure that qualitative models are used appropriately by the business and that model users are aware of the models’ limitations and weaknesses that should be mitigated by compensating controls. A qualitative model is a model whose output is largely or entirely dependent upon key assumptions which are primarily qualitative in nature (but may have quantitative components, e.g., models that are partially based on expert judgment or other qualitative evidence.) Qualitative models are held to the same high standard as all models at Citi, and are guided by the same principles outlined in supervisory guidance letter SR 11-7.

Key Activities include:

Performing independent validation of qualitative models across the firm, in line with the Citi Model Risk Management Policy and Procedures. This includes:

  • Critically reviewing the appropriateness of a Qualitative Model versus alternative quantitative approaches with respect to the modeling objective and the available model development data.
  • Producing high value models validation reports, including highlighting risks and limitations of the model.
  • Evaluating the developmental testing approach and results for individual models in accordance with MRM guidance.
  • Assessing the ongoing performance monitoring of the models.
  • Contributing to regulatory and internal audit related responses.
  • Collaborating with other teams within Risk and the Business regarding qualitative models to facilitate compliance with our policies, procedures, and guidance.
  • Assisting with preparing the reports and other meeting materials to MRM senior management.
  • Supporting the process of designing, developing, delivering and maintaining best-in-class qualitative model validation process standards, guidance, practices, templates, and other documentation.


  • Minimum Bachelor’ degree in Finance, Economics, or other quantitative discipline (statistics, quantitative finance, econometrics, etc.). Masters’ degree or above is preferred.
  • 3 years of experience / knowledge of Banking, Treasury, Finance / Risk management preferred. However, talented candidates with fewer years of experience will be considered.
  • Demonstrate excellent partnership and teamwork skills.
  • Ability to clearly and concisely formulate findings 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 multi-task, work well under pressure, and deliver results under tight deadlines.
  • Knowledge of financial markets and products.
  • Qualitative or quantitative model risk management experience is a plus.
  • Experienced user of Microsoft Office Suite, especially Excel, PowerPoint and Word. Knowledge of SAS or R language a plus.
  • Solid knowledge of time series analysis, statistics and econometrics preferred.


Job Family Group:

Risk Management


Job Family:

Risk Analytics, Modeling, and Validation


Time Type:

Full time


Primary Location:

New York New York United States


Primary Location Salary Range:

$101,450.00 - $152,180.00


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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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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