The Model/Anlys/Valid Sr Officer I is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project.

Responsibilities:

Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational. Also, may develop, validate and strategize uses of scoring models and scoring model related policies.Develop models and oversee model development, validation, and deployment efforts.Advances Risk Management methodology and integrate models into business decisions and planning.Manage successful annual quantitative and qualitative assessments and submissions.Works with large datasets and complex algorithms to solve data science challenges.Leverages big data to develop innovative deployable solutions.Help introduce best-in-class, cutting edge Model techniques to drive profitability through innovation.Ensures timely model performance tracking, and assist in process automation to drastically improve process/operation efficiencies (where possible) that will enable the business to make rapid decisions against market condition changesEnsures the compliance of development and validation of models with respect to internal and external guidelines.Supports the development of training curriculum and standardsPartners with Risk and Decision Management organizations to understand the source of new data and continue to improve the process of defining, extracting and utilizing the new dataInteracts with senior levels of management to facilitate understanding of usage of risk models and inform critical decisions.Provide leadership and guidance for junior modelers.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.

Qualifications:

10+ years experienceSound knowledge of statistical modeling concepts and industry best practices; experience with econometric and statistical modeling or application risk scoring.Excellent quantitative and analytic skills; ability to derive patterns, trends and insights, and perform risk/reward trade-off analysis.Experience with analytical or data manipulation tools (e.g. SAS, SQL, R, C Programming in UNIX) Proficient with MS Office suite.Ability to deliver compelling presentations and influence executive audiences.Excellent communicator; ability to engage and inspire team forward.Ability to drive innovation via thought leadership while maintaining end-to-end view.Effective cross-functional project, resource, and stakeholder management; effectively engage with internal audit and external regulators.Experience working in Big data environments; Intellectual curiosity to stay abreast of technological advances.

Education:

Bachelor’s/University degree or equivalent experience, potentially Masters degree

Team/Role Overview

This role sits in Enterprise Risk Analytics (ERA), and will review and challenge the stress testing process, which requires proven partnership, leadership and credit and market risk expertise as the team will coordinate across multitude of stakeholders in first line of defense teams, ERM governance, model development, reporting, technology, Internal Audit, and external regulators. He/ She will have the opportunity to work with senior stakeholders in 1LoD and 2LoD stakeholders. He/ She needs to leverage the analytics expertise on both the loss models and scenario models to support the firmwide stress testing program.

Job Description

Conduct annual reviews of programs for Wholesale and/or Retail Credit risk programs, including the regulatory driven stress testing, internal stress testing, and the risk pool contribution to enterprise level stress testing programs (e.g., GSST, RST, ICAAPs).Contribute to additional review, which may be required based on changes in scenario, assumptions, or methodologies, as well as significant macroeconomic or market eventsConduct data analysis and support pool owners in reviewing the results.Analyze and interpret reports, make recommendations addressing business needs.Communicate findings to applicable stakeholders and ensure action plans are defined to remediate issuesEvaluate stress test results and actions (e.g. limit setting/ monitoring, risk appetite, risk identification).Assist in the development of analytic engines for business product lines.Communicate results to a variety of audiences.Conduct analysis and package it into detailed technical documentation reports to meet regulatory guidelines and exceed industry standards.Identify modeling opportunities that yield measurable business results.Supervise junior team members.

Job Requirements

Demonstrated industry experience in credit risk or risk management fields, including liquidity, Non-traded market risk management, model validation, or model analytics.Experience in oversight on credit riskExperience in relevant regulatory guidance, including the Reg YY, SR12-7Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second master’s degree, FRM or CFA.Knowledge of risk appetite, limit setting, banking book/ trading book products and risk management practicesConsistently demonstrates clear and concise written and verbal communication skillsSelf-motivated and detail orientedDemonstrated project management and organizational skills and capability to handle multiple projects at one timeProficient in Microsoft Office (EXCEL), SAS, R, Python or other programing languages

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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:

New York New York United States

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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.

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Anticipated Posting Close Date:

Feb 18, 2025

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