Citi
Model Validation 2nd LOD Sr. Lead Analyst - C14 - LONG ISLAND CIT...
Citi - New York, New York, us, 10261
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Overview
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SVP - Credit Model Validation - Model Risk Management
role at
Citi 2 days ago Be among the first 25 applicants Join to apply for the
SVP - Credit Model Validation - Model Risk Management
role at
Citi Get AI-powered advice on this job and more exclusive features. Overview:
For a complete understanding of this opportunity, and what will be required to be a successful applicant, read on.
This role sits in the credit derivatives and structured products market valuation model validation team in Model Risk Management (MRM). The position requires an experienced candidate with strong technical, leadership, and organizational skills. The candidate should be fluent in derivative pricing for credit derivatives and structured products and modelling approaches, and should have experience developing models either in a Front Office or Model Validation role. Knowledge and understanding of Rates and XVA would be valuable. Experience with term structure model is preferred. A firm understanding of model risk management regulatory guidance SR 11-7 as it relates to effective model validation practices is expected.
The ability to work well with senior stakeholders within the firm and with our regulatory colleagues is essential. This role has high visibility and growth potential--clear communication and subject matter expertise are critical. You will be interacting with senior members of the Front Office, Market Risk, Finance, and regulatory agencies as required.
Responsibilities:
Validate models and manage model risk related issues in credit derivatives and structured products pricing area. Provide effective challenge in regards to mathematical formulation, model assumptions and limitations, calibration, implementation, numerical performance, and business uses. Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls. Develop independent benchmarking tools for validation purposes across the team. Write high-quality model validation documents in compliance with model risk management policy and procedures, internal audio requirements, and regulatory guidance. Provide subject matter expertise to stakeholders and guidance to junior team members. Represent the firm in interactions with regulatory agencies, as required. Contribute to strategic, cross-functional initiatives within MRM as needed.
Qualifications:
7+ years of relevant working experience. Solid knowledge of credit derivatives and structured products and analytics, term structure models, and industry best practices. Knowledge and understanding of Rates and XVA would be valuable. Excellent quantitative and analytic skills, including stochastic calculus, Monte Carlo simulation, and numerical methods. Strong communication and documentation skills are required. Ability to work independently as a validator as well as collaboratively as a team player. Working experience of Python is strongly preferred; knowledge of C++ is a plus. Master’s Degree or equivalent in a quantitative field (e.g. Mathematics, Physics, Engineering, Quantitative Finance, Statistics) is required; PhD preferred. Candidates who do not meet these criteria but with exceptional skills and academic qualification and/or certifications may be considered for the role.
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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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Primary Location:
Long Island City New York United States
------------------------------------------------------
Primary Location Full Time Salary Range:
$176,720.00 - $265,080.00
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.
------------------------------------------------------
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.
------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
------------------------------------------------------
Anticipated Posting Close Date:
Aug 05, 2025
------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their 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.Seniority level
Seniority levelNot Applicable Employment type
Employment typeFull-time Job function
Job functionFinance and Sales IndustriesBanking, Financial Services, and Investment Banking Referrals increase your chances of interviewing at Citi by 2x Sign in to set job alerts for “Vice President of Credit” roles. New York, NY $135,000.00-$203,000.00 1 month ago New York, NY $160,500.00-$191,600.00 1 week ago MSIM PC&E - Private Credit- Senior Associate/ Vice President New York, NY $190,000.00-$340,000.00 2 days ago New York City Metropolitan Area $185,000.00-$240,000.00 2 weeks ago New York, NY $250,000.00-$275,000.00 1 week ago New York, NY $180,000.00-$225,000.00 5 days ago AVP, Credit Portfolio Analytics and Strategy New York City Metropolitan Area $90,000.00-$120,000.00 3 days ago Vice President, Enterprise Non-Financial Risk Program Strategy Lead New York, NY $120,000.00-$205,000.00 2 days ago New York, NY $120,000.00-$200,000.00 3 days ago New York, NY $178,000.00-$280,000.00 3 weeks ago New York City Metropolitan Area $150,000.00-$190,000.00 1 week ago New York City Metropolitan Area $130,000.00-$200,000.00 1 week ago New York, NY $75,000.00-$180,000.00 2 weeks ago Senior Vice President, Asset Managers & Insurance Lending New York, NY $102,000.00-$190,000.00 23 hours ago SVP, Credit Reserve and Basel Advanced Approaches Oversight (Hybrid) New York, NY $163,600.00-$245,400.00 16 hours ago VP, Credit Analyst Corporate Lending Energy Transition New York, NY $140,000.00-$230,000.00 1 week ago Investor Relations - Credit, VP/Principal New York City Metropolitan Area $200,000.00-$300,000.00 1 month ago Vice President, Structured & Asset Backed Credit New York, NY $150,000.00-$265,000.00 1 week ago New York, NY $150,000.00-$200,000.00 3 months ago Senior Vice President, Asset Managers & Insurance Lending New York, NY $102,000.00-$190,000.00 1 day ago Vice President of Legal, Risk, & Compliance Manhattan, NY $250,000.00-$475,000.00 6 days ago New York, NY $175,000.00-$200,000.00 2 weeks ago New York City Metropolitan Area $155,000.00-$195,000.00 1 month ago New York, NY $120,000.00-$205,000.00 3 months ago New York, NY $110,000.00-$175,000.00 2 weeks ago Model Risk - Treasury Validation: Vice President New York, NY $120,000.00-$200,000.00 1 week ago Corporate Vice President - Structured Finance New York, NY $150,000.00-$280,000.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr
SVP - Credit Model Validation - Model Risk Management
role at
Citi 2 days ago Be among the first 25 applicants Join to apply for the
SVP - Credit Model Validation - Model Risk Management
role at
Citi Get AI-powered advice on this job and more exclusive features. Overview:
For a complete understanding of this opportunity, and what will be required to be a successful applicant, read on.
This role sits in the credit derivatives and structured products market valuation model validation team in Model Risk Management (MRM). The position requires an experienced candidate with strong technical, leadership, and organizational skills. The candidate should be fluent in derivative pricing for credit derivatives and structured products and modelling approaches, and should have experience developing models either in a Front Office or Model Validation role. Knowledge and understanding of Rates and XVA would be valuable. Experience with term structure model is preferred. A firm understanding of model risk management regulatory guidance SR 11-7 as it relates to effective model validation practices is expected.
The ability to work well with senior stakeholders within the firm and with our regulatory colleagues is essential. This role has high visibility and growth potential--clear communication and subject matter expertise are critical. You will be interacting with senior members of the Front Office, Market Risk, Finance, and regulatory agencies as required.
Responsibilities:
Validate models and manage model risk related issues in credit derivatives and structured products pricing area. Provide effective challenge in regards to mathematical formulation, model assumptions and limitations, calibration, implementation, numerical performance, and business uses. Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls. Develop independent benchmarking tools for validation purposes across the team. Write high-quality model validation documents in compliance with model risk management policy and procedures, internal audio requirements, and regulatory guidance. Provide subject matter expertise to stakeholders and guidance to junior team members. Represent the firm in interactions with regulatory agencies, as required. Contribute to strategic, cross-functional initiatives within MRM as needed.
Qualifications:
7+ years of relevant working experience. Solid knowledge of credit derivatives and structured products and analytics, term structure models, and industry best practices. Knowledge and understanding of Rates and XVA would be valuable. Excellent quantitative and analytic skills, including stochastic calculus, Monte Carlo simulation, and numerical methods. Strong communication and documentation skills are required. Ability to work independently as a validator as well as collaboratively as a team player. Working experience of Python is strongly preferred; knowledge of C++ is a plus. Master’s Degree or equivalent in a quantitative field (e.g. Mathematics, Physics, Engineering, Quantitative Finance, Statistics) is required; PhD preferred. Candidates who do not meet these criteria but with exceptional skills and academic qualification and/or certifications may be considered for the role.
------------------------------------------------------
Job Family Group:
Risk Management
------------------------------------------------------
Job Family:
Risk Analytics, Modeling, and Validation
------------------------------------------------------
Time Type:
Full time
------------------------------------------------------
Primary Location:
Long Island City New York United States
------------------------------------------------------
Primary Location Full Time Salary Range:
$176,720.00 - $265,080.00
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.
------------------------------------------------------
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.
------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
------------------------------------------------------
Anticipated Posting Close Date:
Aug 05, 2025
------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their 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.Seniority level
Seniority levelNot Applicable Employment type
Employment typeFull-time Job function
Job functionFinance and Sales IndustriesBanking, Financial Services, and Investment Banking Referrals increase your chances of interviewing at Citi by 2x Sign in to set job alerts for “Vice President of Credit” roles. New York, NY $135,000.00-$203,000.00 1 month ago New York, NY $160,500.00-$191,600.00 1 week ago MSIM PC&E - Private Credit- Senior Associate/ Vice President New York, NY $190,000.00-$340,000.00 2 days ago New York City Metropolitan Area $185,000.00-$240,000.00 2 weeks ago New York, NY $250,000.00-$275,000.00 1 week ago New York, NY $180,000.00-$225,000.00 5 days ago AVP, Credit Portfolio Analytics and Strategy New York City Metropolitan Area $90,000.00-$120,000.00 3 days ago Vice President, Enterprise Non-Financial Risk Program Strategy Lead New York, NY $120,000.00-$205,000.00 2 days ago New York, NY $120,000.00-$200,000.00 3 days ago New York, NY $178,000.00-$280,000.00 3 weeks ago New York City Metropolitan Area $150,000.00-$190,000.00 1 week ago New York City Metropolitan Area $130,000.00-$200,000.00 1 week ago New York, NY $75,000.00-$180,000.00 2 weeks ago Senior Vice President, Asset Managers & Insurance Lending New York, NY $102,000.00-$190,000.00 23 hours ago SVP, Credit Reserve and Basel Advanced Approaches Oversight (Hybrid) New York, NY $163,600.00-$245,400.00 16 hours ago VP, Credit Analyst Corporate Lending Energy Transition New York, NY $140,000.00-$230,000.00 1 week ago Investor Relations - Credit, VP/Principal New York City Metropolitan Area $200,000.00-$300,000.00 1 month ago Vice President, Structured & Asset Backed Credit New York, NY $150,000.00-$265,000.00 1 week ago New York, NY $150,000.00-$200,000.00 3 months ago Senior Vice President, Asset Managers & Insurance Lending New York, NY $102,000.00-$190,000.00 1 day ago Vice President of Legal, Risk, & Compliance Manhattan, NY $250,000.00-$475,000.00 6 days ago New York, NY $175,000.00-$200,000.00 2 weeks ago New York City Metropolitan Area $155,000.00-$195,000.00 1 month ago New York, NY $120,000.00-$205,000.00 3 months ago New York, NY $110,000.00-$175,000.00 2 weeks ago Model Risk - Treasury Validation: Vice President New York, NY $120,000.00-$200,000.00 1 week ago Corporate Vice President - Structured Finance New York, NY $150,000.00-$280,000.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr