Citigroup Inc.
Overview
Citibank, N.A. seeks a Model Validation 2nd Line of Defense Senior Analyst for its Long Island City, New York location. Responsibilities
Validate credit risk models using statistical and mathematical tools and economic and finance theories. Assist with model risk management across the model life cycle including model validation, ongoing performance evaluation and annual model reviews. Provide effective challenge to model assumptions, mathematical formulation, and implementation. Test model assumptions and assess model performance. Assess adequacy and relevancy related to modeling data. Assess and evaluate impact of macroeconomic scenarios on bank’s credit portfolio. Design and execute quantitative and statistical testing on model framework and performance. Perform data analysis and quantitative/statistical tests using statistical tools. Document model validation outcomes, monitor model performance, and execute independent challenges and assessments in accordance with Model Risk Management Policies and Procedures. Coordinate stakeholder interaction with model developers and business owners during the model life-cycle. Serve as subject matter expert representing the bank in interactions with regulatory agencies, and present model validation findings to senior management and supervisory authorities. Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls. Contribute to strategic, cross-functional initiatives within the model risk organization. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols. Qualifications
Requires a Master’s degree, or foreign equivalent, in Mathematics, Finance, Statistics, or related quantitative field and 1 year of work or internship experience as a Model Developer, Model Validator, Risk Analyst, Financial Analyst, Quantitative Analyst or related position involving developing or validating statistical and quantitative models for financial risk management or quantitative research. Alternatively, a Bachelor’s degree in the stated fields and 3 years of the specified experience. Full span of experience must include:
Developing effective challenges to model development process; Validating mathematical and statistical models, including Derivatives Pricing, Monte Carlo Simulation, Ordinary Least Square Regression, Time Series Analysis, Logistic Regression, or Classification, and evaluating conceptual soundness of the model and mathematical formulation; Assessing adequacy and relevancy to modeling data, and assessing model performance under different specifications and scenarios, and testing sensitivity of credit risk models to macroeconomic risk drivers; Performing data analysis and executing quantitative and statistical tests using SAS/R, including Statistical Diagnostic Test, Sensitivity Analysis, Scenario Analysis, Stress Testing, Benchmarking, Backtesting, and Impact Analysis; Conducting portfolio loss simulations and tests on model convergence and performance using Python and C++; Programming numerical and closed-form pricing models using Python and VBA.
Applicants submit resumes at Citi jobs; references Job ID #25894598; EO Employer. Wage Range:
$138,496.18 to $150,200 Job Family Group:
Risk Management Job Family:
Risk Analytics, Modeling, and Validation Anticipated Posting Close Date: Nov 11, 2025 Equal Opportunity statements: Citi is an equal opportunity employer, and 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. 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 Citi’s EEO Policy Statement and the Know Your Rights poster.
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Citibank, N.A. seeks a Model Validation 2nd Line of Defense Senior Analyst for its Long Island City, New York location. Responsibilities
Validate credit risk models using statistical and mathematical tools and economic and finance theories. Assist with model risk management across the model life cycle including model validation, ongoing performance evaluation and annual model reviews. Provide effective challenge to model assumptions, mathematical formulation, and implementation. Test model assumptions and assess model performance. Assess adequacy and relevancy related to modeling data. Assess and evaluate impact of macroeconomic scenarios on bank’s credit portfolio. Design and execute quantitative and statistical testing on model framework and performance. Perform data analysis and quantitative/statistical tests using statistical tools. Document model validation outcomes, monitor model performance, and execute independent challenges and assessments in accordance with Model Risk Management Policies and Procedures. Coordinate stakeholder interaction with model developers and business owners during the model life-cycle. Serve as subject matter expert representing the bank in interactions with regulatory agencies, and present model validation findings to senior management and supervisory authorities. Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls. Contribute to strategic, cross-functional initiatives within the model risk organization. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols. Qualifications
Requires a Master’s degree, or foreign equivalent, in Mathematics, Finance, Statistics, or related quantitative field and 1 year of work or internship experience as a Model Developer, Model Validator, Risk Analyst, Financial Analyst, Quantitative Analyst or related position involving developing or validating statistical and quantitative models for financial risk management or quantitative research. Alternatively, a Bachelor’s degree in the stated fields and 3 years of the specified experience. Full span of experience must include:
Developing effective challenges to model development process; Validating mathematical and statistical models, including Derivatives Pricing, Monte Carlo Simulation, Ordinary Least Square Regression, Time Series Analysis, Logistic Regression, or Classification, and evaluating conceptual soundness of the model and mathematical formulation; Assessing adequacy and relevancy to modeling data, and assessing model performance under different specifications and scenarios, and testing sensitivity of credit risk models to macroeconomic risk drivers; Performing data analysis and executing quantitative and statistical tests using SAS/R, including Statistical Diagnostic Test, Sensitivity Analysis, Scenario Analysis, Stress Testing, Benchmarking, Backtesting, and Impact Analysis; Conducting portfolio loss simulations and tests on model convergence and performance using Python and C++; Programming numerical and closed-form pricing models using Python and VBA.
Applicants submit resumes at Citi jobs; references Job ID #25894598; EO Employer. Wage Range:
$138,496.18 to $150,200 Job Family Group:
Risk Management Job Family:
Risk Analytics, Modeling, and Validation Anticipated Posting Close Date: Nov 11, 2025 Equal Opportunity statements: Citi is an equal opportunity employer, and 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. 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 Citi’s EEO Policy Statement and the Know Your Rights poster.
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