Climate Risk Model Validator

2 months ago

Mumbai Maharashtra, India Citi Full time

Citi’s **Risk Management** organization oversees risk-taking activities and assesses risks and issues independently of the front-line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

Being part of our team means that we’ll **provide** you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

- Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
- We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
- We empower our employees to manage their financial well-being and help them plan for the future.
- Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
- We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
- We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
- ** Role Overview**

**Key Responsibilities**
- Conduct in-depth validation of climate risk models, ensuring compliance with regulatory standards and internal policies.
- Perform rigorous backtesting, sensitivity analysis, and scenario analysis to assess model performance.
- Collaborate with senior validators to identify and document model limitations and suggest improvements.
- Prepare detailed validation reports, including Executive Summaries, Assumption Assessments, and Model Performance evaluations.
- Support the automation of validation processes and tools to enhance efficiency and accuracy.
- Engage with stakeholders across the bank to discuss validation findings and implications.
- Stay updated with regulatory requirements and industry best practices in climate risk modeling.
- ** Qualifications**:

- Master’s degree in any field.
- 2-5 years of experience in model validation.
- Strong analytical and quantitative skills, with proficiency in statistical modeling techniques.
- Experience with Python for data analysis, modeling, and automation.
- Good understanding of banking products, market risk, and credit risk.
- Excellent written and verbal communication skills, with the ability to present complex concepts clearly.
- Strong attention to detail and the ability to work independently as well as in a team.
- ** Preferred Skills**
- Background in climate risk modeling. Knowledge in credit risk and macro-economic forecasting models is an added advantage.
- Experience with regulatory models.
- Familiarity with regulatory guidelines related to climate risk and model risk management.
- Experience with programming languages or data analysis tools such as SAS, R, Python, etc.
- Knowledge of advanced modeling techniques and Generative AI.
- Strong project management skills and the ability to handle multiple tasks and deadlines.

**Shape your Career with Citi**

Citi’s **Risk Management** organization oversees risk-taking activities and assesses risks and issues independently of the front-line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

Being part of our team means that we’ll **provide** you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

- Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
- We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
- We empower our employees to manage their financial well-being and help them plan for the future.
- Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
- We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
- We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1

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