Model Validation 2nd LOD Lead Analyst - Vice President

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Model Validation 2nd LOD Lead Analyst - Vice President

lead · Risk & Compliance

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Job Overview

The Risk Analytics, Modeling and Validation role involves the development, enhancement, and validation of methods for measuring and analyzing all types of risks, including market, credit, and operational. In areas related to credit risk, individuals in this role develop, enhance, and validate models for measuring obligor credit risk, or early warning tools that monitor the credit risk of corporate or consumer customers, besides being involved in Loss Given Default studies. They also develop and maintain key risk parameters like default and rating migration data, usage given default data and transition matrices. This role is vital to the company as it provides a scientific and systematic approach to assessing and mitigating risks, thereby ensuring the company's financial stability, protecting its assets, and supporting its overall business strategy.

Responsibilities: 

• The role is typically for Model Validation Lead (VL).
• Oversee a portfolio (e.g., Commodities business models) of model types / product types for a specific business area Perform model validations, annual model reviews, ongoing monitoring reviews (on Low, Medium and High Model Risk Rating (MRR) models), model limitation remediation reviews, Supervisory and Peer Reviews across the specific portfolio.
• Ensure accuracy of validations performed by Validators covering the VL’s specific portfolio Provide effective challenge to the model development process on Low / Medium / High MRR models in accordance with the Citi Model Risk Management Policy
• Appropriately assess risk when business decisions are made, demonstrating 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Communicates results to diverse audiences.
• Conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards.
• Identifies modeling opportunities that yield measurable business results.
• Manages stakeholder interaction with model developers and business owners during the model life-cycle.
• Presents model validation findings to senior management and supervisory authorities.

• Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future 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 even when unpopular; 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; helps others prioritize team and enterprise success over their own personal agenda
• Focuses on highest-priority work aligned to business goals; helps others 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 client experience 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.
• Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
• 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.
• Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development.
• Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities.
• Empathetically listens and understands others’ positions before acting on issues; works to amplify voices that are minimized in the workplace

• 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards

Recommended Qualifications: 

• 6-10 years of experience
• Proficient in Microsoft Office with an emphasis on MS Excel.
• Clear and concise written and verbal communication skills.
• Self-motivated and detail oriented.
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time.
• Practical experience using SAS or other mathematical coding software to build and test models.
• Comfortable interfacing with business clients and handling very large data sets.
• Experience in a quantitative role in risk management at a financial institution with experience in either model development or validation.
• Good knowledge and understanding of a variety of model development and validation testing techniques covering relevant portfolio of models.
• Programming skills in languages like Python, MATLAB, C/C++/C#, VBA or other coding language as need.
• Extensive knowledge of financial markets and products.
• Familiarity with regulatory requirements related to various model types and risk management.
• Programming skills in languages like Python, MATLAB, C/C++/C#, VBA or other coding language as need.
• Strong technical skills such as solid knowledge of time series analysis, statistics and econometrics.
• Extensive experience in data analysis and interpretation and technical writing.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills
• Ability to manage complex and variable issues with substantial potential impact.
• Proficient in data analysis and interpretation.
• Strong team management skills.
• Ability to balance potentially conflicting needs and make informed decisions.
• Project management skills, with the ability to manage multiple tasks and deadlines.
• Proficiency in data analysis and interpretation.
• Ability to identify inconsistencies in data or results and define business issues.
• Ability to formulate recommendations on policies, procedures, or practices.

Education: 

Bachelor's/University degree, Master's degree preferred

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

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