Model Validator

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Job Overview

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi’s Validation Team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team / Role Overview:

The Risk Analytics, Modelling and Validation role involves the validation of quantitative models such as those used to measure and analyse wholesale credit risk and climate risk, or other quantitative models.

What you’ll do:

• The role is a Model Validator role. Perform model validations, annual model reviews, ongoing monitoring reviews and model limitation reviews. Provide effective challenge to the model development process in accordance with the Citi Model Risk Management (MRM) Policy.
• Conduct review and challenge on model data, model framework, model assumptions, model performance metrics and thresholds, model implementation, model ongoing monitoring plan, model limitation, etc., and document the validation process and results in validation reports.
• Evaluate testing approach and results for individual models in accordance with MRM Policy. Contribute to regulatory and internal audit related responses. Collaborate with other teams within Risk and Business to facilitate compliance with internal policies, procedures, and guidance and regulatory 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 model validation process standards, guidance, practices, templates, and other documentation.
• Is an enthusiastic and early adopter of change; takes ownership and stay positive during uncertainty. Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures. Challenges self and others to seek out and communicate alternative views; welcomes diverse ideas to improve outcomes.
• Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization. Proactively seeks to understand and act in alignment with organizational decisions; contribute to team and enterprise success. Focuses on highest-priority work aligned to business goals; effectively manage competing priorities. Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the model validation process and operational effectiveness. Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements. Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.
• Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals. Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community.
• 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.

What we’ll need from you

• Master's degree, or PhD degree, or equivalent experience. 0 to 3 years of experience or equivalent. Experience in quantitative finance, risk management, analytics, model development or model validation is preferred. Knowledge of financial markets and products. Good knowledge on financial statement analysis, accounting is a plus. FRM, CPA, CFA is a plus.
• Strong quantitative skills such as solid knowledge of, statistics, mathematics, econometrics, time series analysis, finance, accounting. Programming skills in languages such as Python, R, SAS, MATLAB, VBA or other coding language as need. Strong analytic, creative thinking, and problem-solving abilities. Ability to evaluate complex model risk issues.
• Proficiency in data analysis and interpretation. Ability to identify inconsistencies in data or results and define business issues.
• Excellent communication skills. Ability to formulate findings clearly and concisely in a written form and good verbal communication skills. Excellent writing skills on writing comprehensive technical model validation reports. Adept and meticulous at analysis and documentation of results.
• Ability to work effectively in a team and independently. Excellent partnership and teamwork skills.
• Strong project management and time management skills, with the ability to manage multiple tasks and deadlines. Work well under pressure and deliver results under tight deadlines.
• Ability to influence decisions and provide expert advice. Ability to formulate recommendations on policies, procedures, or practices. Attention to detail and the ability to make informed judgments based on information.

What we can offer you:

This is a role that'll offer you the opportunity to learn the in-depth knowledge on quantitative modelling and model validation.

By joining Citi Solutions Centre Poland, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits such as:

• Private Medical Care Program
• Life Insurance Program
• Pension Plan contribution (PPE Program)
• Employee Assistance Program
• Paid Parental Leave Program (maternity and paternity leave) 
• Sport Card
• Holidays Allowance
• Sport and team recreation activities
• Special offers and discounts for employees
• Access to an array of learning and development resources 
• A discretional annual performance related bonus
• A chance to make a difference with various affinity networks and charity initiatives

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.#LI-TM3

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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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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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