Citigroup Inc.
Financial Model Validation Lead Analyst, Vice President
Citigroup Inc., Irving, Texas, United States, 75084
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 markets, treasury, credit, and operational. In areas related to financial and regulatory risks, individuals in this role validate financial models in Recovery and Resolution Planning for measuring Liquidity, Capital, PPNR, Credit and Operational losses. This role provides a scientific and systematic approach to assessing, identifying and mitigating risks, ensuring the company’s compliance with model risk regulatory guidance and supporting its overall business strategy. Responsibilities
The role is Model Validation Lead (VL), initially an individual contributor. Oversee a portfolio (e.g., Recovery and Resolution Planning) 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. Conduct analysis and package it into detailed technical documentation for validation purposes sufficient to meet regulatory guidelines and exceed industry standards. Manage stakeholder interaction with model developers and business owners during the model life-cycle. Present model validation findings to senior management and supervisory authorities. 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 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 and advocates for solutions that meet the needs of Citi’s clients and the community. Engages to promote diverse talent, supports colleagues in development, and helps create a respectful workplace. Qualifications
6-10 years of experience Good knowledge and experience in quantitative or qualitative model development and validation testing techniques covering financial/business planning or risk management at a major financial institution Extensive knowledge of financial markets and products Clear and concise written and verbal communication skills Extensive experience in data analysis, interpretation of findings, and technical writing Self-motivated and detail oriented Demonstrated project management and organizational skills and capability to handle multiple projects at one time Comfortable interfacing with business clients Ability to formulate recommendations on policies, procedures, or practices Education
Bachelor’s/University degree, Master’s degree preferred Location & Compensation
Primary Location: Irving, Texas, United States Time Type: Full time Salary Range: $125,760.00 - $188,640.00 In addition to salary, Citi’s offerings may include 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 vacation, sick leave, and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Availability may vary by jurisdiction, job level, and date of hire. Citi is an equal opportunity employer. Qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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The Risk Analytics, Modeling and Validation role involves the development, enhancement, and validation of methods for measuring and analyzing all types of risks, including markets, treasury, credit, and operational. In areas related to financial and regulatory risks, individuals in this role validate financial models in Recovery and Resolution Planning for measuring Liquidity, Capital, PPNR, Credit and Operational losses. This role provides a scientific and systematic approach to assessing, identifying and mitigating risks, ensuring the company’s compliance with model risk regulatory guidance and supporting its overall business strategy. Responsibilities
The role is Model Validation Lead (VL), initially an individual contributor. Oversee a portfolio (e.g., Recovery and Resolution Planning) 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. Conduct analysis and package it into detailed technical documentation for validation purposes sufficient to meet regulatory guidelines and exceed industry standards. Manage stakeholder interaction with model developers and business owners during the model life-cycle. Present model validation findings to senior management and supervisory authorities. 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 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 and advocates for solutions that meet the needs of Citi’s clients and the community. Engages to promote diverse talent, supports colleagues in development, and helps create a respectful workplace. Qualifications
6-10 years of experience Good knowledge and experience in quantitative or qualitative model development and validation testing techniques covering financial/business planning or risk management at a major financial institution Extensive knowledge of financial markets and products Clear and concise written and verbal communication skills Extensive experience in data analysis, interpretation of findings, and technical writing Self-motivated and detail oriented Demonstrated project management and organizational skills and capability to handle multiple projects at one time Comfortable interfacing with business clients Ability to formulate recommendations on policies, procedures, or practices Education
Bachelor’s/University degree, Master’s degree preferred Location & Compensation
Primary Location: Irving, Texas, United States Time Type: Full time Salary Range: $125,760.00 - $188,640.00 In addition to salary, Citi’s offerings may include 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 vacation, sick leave, and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Availability may vary by jurisdiction, job level, and date of hire. Citi is an equal opportunity employer. Qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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