Climate Risk Model Development Analyst II

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.

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 ad-hoc 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.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

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 non-technical 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
• 2+ years experience in model implementation/validation/development preferable.

Education:

• Bachelor's/University degree or equivalent experience

• Work on climate risk project for both physical and transition risks. Responsibilities include developing, enhancing, and validating the methods of measuring and analyzing climate risk including climate and catastrophe (CAT) models and climate loss forecasting models

• Incorporate climate impact into risk identification and stress testing for retail real estates. Under manager's guidance, work on projects with the overarching responsibility of adapting champion/benchmark mortgage credit risk models for climate risk stress test
• Work on data analysis, statistical analysis and backtests, forecast sensitivity analysis and model robustness tests, preparation of model documentation. Provide model implementation and validation support on development, validation, and ongoing assessment
• Ensure timely completion of assigned projects with high quality
• Work effectively in cross-functional teams, interacting with key stakeholders regularly to update progress, gather feedback and perform required analytics
• Create impactful presentations to communicate analytical findings to a wide array of audiences that will facilitate understanding of model performance and usage
• Interact with senior management to facilitate understanding of usage of risk models and inform critical decisions

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Job Family Group:

Risk Management

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Job Family:

Model Development and Analytics

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Constructive Debate, Data Analysis, Escalation Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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