Citibank, N.A. seeks a Model/Analysis/Validation Officer for its Long Island City, New York location.
Duties: Validate credit risk models, and evaluate all aspects of model development and use, including conceptual soundness, reasonableness of assumptions, reliability of inputs, completeness of testing, and correctness of implementation. Examine model risks, value exposures, assess capital adequacy, and adhere to financial and regulatory reporting requirements. Evaluate impact of macroeconomic scenarios and conditions on credit portfolio by leveraging knowledge of financial and economic theories. Design and execute quantitative and statistical tests as well as simulations on model framework and performance utilizing C+ and Python. Review proposed enhancements and extensions to scope of usage for existing models, and provide specific approvals. Perform independent testing of the models by replicating and building alternative models. Create model validation reports, monitor model risk and ongoing model performance review with independent challenge and assessment in accordance with Model Risk Management Policies and Procedures. Provide guidance to Model Users on appropriate model usage and the strengths and limitations of the model. Liaise with stakeholders, including Model Developers, Technology and Control teams, internal and external auditors, and provide support for regulatory exam preparation. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.
Requirements: Requires a Master’s degree, or foreign equivalent, in Financial Mathematics, Applied Mathematics, Statistics, or related field and 2 years of experience as a Model/Analysis/Validation Analyst or related position involving risk modeling for a financial services institution. Alternatively, employer will accept a Bachelor’s degree in the stated fields and 4 years of specified experience. 2 years of experience must include: Data analysis using R programming languages; Risk management, including identifying and measuring risk; Portfolio analysis, including assessing performance of portfolio; Knowledge of financial and economic theories to evaluate impact of macroeconomic scenarios; Financial model validation using statistical methods; and Executing statistical tests. Applicants submit resumes at https://jobs.citi.com/or by email to Citigroup Recruiting Dept. at (see below) Please reference Job ID. EO Employer.
Wage Range: $156,078 to $180,000
Job Family Group: Risk Management
Job Family: Risk Analytics, Modeling, and Validation
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Job Family Group:
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Job Family:
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Time Type:
Full time
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Primary Location:
Long Island City New York United States
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Primary Location Salary Range:
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries (“Citi ) invite all qualified interested applicants to apply for career opportunities. 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.
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