Model/Anlys/Valid Analyst II

2 weeks ago


gurgaon, India 12542 Citicorp Services India Private Limited Full time

Model Risk Management

Model Risk Management (“MRM”) provides oversight for the MRM Framework, which consists of the policy, processes, and procedures.

The team is responsible for development and maintenance of Model Risk Management Policy and procedures, for evaluation and approval of high, medium and low risk models used in global consumer risk management.

The validator role will be part of the Consumer Valuation Models group within Model Risk Management. His/her primary function is to conduct validation activities for Consumer risk scoring and segmentation models. The role is very critical to the organization as the authorization on the use of the BAU models is based on MRM’s validation results. The member will adhere to the MRM’s firm-wide policy, procedures, and guidelines

Key Responsibilities

·Conduct model assessment as per the requirements outlined in the MRM Policy, Procedures, and Guideline

·Provide effective challenge to the model design and construction and conduct incremental analysis and testing as necessary

·The assessment also requires writing a comprehensive validation report based on his / her judgment of the validation results

·Identify model limitations and ensure the appropriate remediation actions are in place and monitored

·Challenge and continually improve MRM Guidelines on modeling approaches and model performance testing

·Contribute to strategic, cross-functional initiatives within MRM organization

·This position provides a very significant amount of learning and growth opportunities from technical perspective. The incumbent will be exposed to different areas of business operations and a variety of modeling approaches, including machine learning on top of industry standard tools

Required Qualifications

·Masters with a specialization in Statistics, Mathematics, Finance or other quantitative discipline

·Higher academic qualifications and/or certifications such as a PhD, a second Master’s degree, CPA or CFA is an advantage

·Industry experience of 2-4 years and have strong written and oral communication skills

·Knowledge in programming skills (SAS, SQL, R, Python etc.) or tools like VBA preferable

·Good understanding of model development and validation testing techniques covering risk models

·Knowledge of financial institution/ banking domain

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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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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 .



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