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Senior Model Validator / Finance and Stress Testing Models

Job Req ID 24766183 Location(s) Warsaw, Poland Job Type Hybrid Job Category Risk Management
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This position is within the Qualitative Model Validation team, which is part of the Model Risk Management (MRM) group within 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 based upon key assumptions which are primarily qualitative, e.g., based on expert judgment or other qualitative evidence. 

Key activities include:

  • Performing independent validation of qualitative models across the firm. This includes:

    • Critically reviewing the appropriateness of a qualitative model versus alternative quantitative approach

    • Producing models validation reports, highlighting risks and limitations of the model

    • Evaluating testing approach and results for individual models

    • Assessing the ongoing performance monitoring of the models

    • Contributing to regulatory and internal audit related responses

  • Collaborating with other teams within Risk and the to facilitate compliance with our policies, procedures, and guidance

  • Assisting with preparation of reports and meeting materials to MRM senior management

  • Supporting the process of designing, developing, and maintaining best-in-class qualitative model validation process standards, templates and other documentation

Qualifications:

  • Minimum Bachelor’ degree in Finance or Economics, or quantitative discipline (statistics, quantitative finance, econometrics). Masters’ degree is preferable

  • Ideally 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

  • Knowledge of financial markets and products

  • Model risk management experience is a plus

  • Experienced user of Microsoft Office Suite, especially Excel, PowerPoint and Word. Knowledge of Python or R language would be a plus

  • Solid knowledge of time series analysis, statistics and econometric would be a plus

What we offer:

  • Work in a challenging area of the financial industry with one of the world's leading companies with exposure to variety of products, processes and controls

  • Cooperation with a high quality, international, multicultural and global team

  • Work in a friendly and diversified environment, appreciating differences in style and perspective and using them to add value to decisions leading to organizational success

  • Management supporting balanced and agile work (flexible working hours, home office)

  • Attractive benefits package (Benefit System, medical care, pension plan etc.)

  • A chance to make a difference with various affinity networks and charity initiatives

LI-MW2

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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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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.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

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