Avp - Model/anlys/valid Mgr-c12

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Citi’s Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities. Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all. **Description** Model Risk Management (MRM) is an independent oversight function. The Mumbai center is one of the five MRM locations across the globe and is responsible for development and maintenance of Model Risk Management Policy and procedures, for evaluation and approval of very high, high and medium high risk models used in global consumer risk management. The position will be part of the Model Risk Management, India (Mumbai) team. The role will lead a Model Validation team in Mumbai responsible for reviewing validation activities for loss / balance / revenue forecast models in Consumer risk. The member will adhere to MRM’s firm-wide policy, procedures and guidelines. **Key Responsibilities**: - Review and validate new and existing model and framework, provide effective challenge, ensure validation work quality. - Help manage model risk across the model lifecycle including model validation, performance evaluation and annual model reviews and also lead effective challenge on the models in terms of conceptual soundness & performance - Challenge and continually improve MRM Guidance on modeling approaches and model performance testing. - Contribute to strategic, cross-functional initiatives within MRM organization. There will be plenty of learning and growth opportunities with this position, from both technical and leadership 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. **Qualifications**: - Minimum of Master’s degree in a quantitative field (Statistics, Mathematics, Physics, Engineering, Computer science, etc.) - Higher academic qualifications and/or certifications such as a PhD, a second Master’s degree, CPA or CFA is a plus - Minimum 7 to 9 years of experience in modelling with significant experience in model development / validation in the BFSI domain - Must have a strong background in statistical modelling techniques. - Good understanding of Model Risk Management. - Strong written and oral communication skills. - **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. View the "**EEO is the Law**" poster. View the **EEO is the Law Supplement**. View the **EEO Policy Statement**. View the **Pay Transparency Posting