C10- Officer Unsecured Model Validation

1 week ago


Mumbai, Maharashtra, India Citi Full time
The Model/Anlys/Valid Analyst II is a developing professional role. Applies specialty area knowledge in monitoring, assessing, analyzing and/or evaluating processes and data. Identifies policy gaps and formulates policies. Interprets data and makes recommendations. Researches and interprets factual information. Identifies inconsistencies in data or results, defines business issues and formulates recommendations on policies, procedures or practices. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards.

  • Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own team.
    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.
  • Leads project in terms of development, programming, integration, testing, and validation of models.
  • Provides analytical support on analysis and benchmarking.
  • Prepares business as usual and adhoc reports in accordance with the Risk Management Teams priorities and requirements, running integrity checks on the reports and checking key numbers from other independently created reports.
  • Participates in a project of constant improvement of risk analytics, modeling and validation systems and optimization of reports.
  • Works on constant improvement of reporting system and optimization of Credit MIS Reports.

Qualifications:

  • Demonstrated programming (SAS, SQL, R, etc.). Knowledge of tools like VBA preferable.
  • Basic knowledge of secured/unsecured banking products and US banking.
  • Good communication skill to communicate technical information verbally and in writing to both technical and nontechnical audiences.
  • Proven analytical skills, with the ability to identify root causes and trends and anticipate horizon issues.
  • Proficient in Microsoft Office (Word, Excel, and PowerPoint
  • 02 years experience in model implementation/validation/development preferable.

Education:

  • Bachelor's/University degree or equivalent experience

Core Responsibilities:

  • Validation of credit scorecard and segmentation models.
  • Perform all required tests and measures of developed models (e.g., sensitivity, accuracy, volatility).
  • Manage model risk across the model lifecycle including annual model review, ongoing model performance, model limitations.
  • Deliver comprehensive model documentation (e.g., Model Development Documentation, Technical Review Documents) of ongoing and new projects.
  • Regular interaction with Model Risk Management team and business owners during the model lifecycle.
  • Good communication skill to communicate technical information verbally and in writing to both technical and nontechnical audiences.

Education:

Skillset

  • 25 years' experience.
  • Strong programming skills in SAS is necessary.
  • Basic understanding of modeling processes (regression, time series, decision tree, linear/nonlinear optimization etc.) would be desirable.
  • Knowledge of Python or R.
  • Expected to work with moderate supervision and guidance.
  • Work as an Individual Contributor.
-
Job Family Group:

Risk Management

-
Job Family:

Risk Analytics, Modeling, and Validation

-
Time Type:

Full time

  • 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.

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