Risk Modeling Governance

The Model/Anlys/Valid Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

This Model/Anlys/Valid Officer position will work within the Risk Model Management team to assist in the coordination of key governance and control activities across the Risk Modeling Solutions (RMS) team. RMS pursues two distinct but related activities: 1) delivering risk models to drive the credit management of customers across USPB and 2) delivering the risk models to support stress testing and loan loss reserving for those portfolios.  In providing end-to-end support of these two activities, RMS maintains extensive production execution capabilities as well as governance & control capabilities necessary to assure compliance of the models managed by RMS.

This position will also assist to coordinate the governance activities across the Risk Modeling Solutions Leadership Team containing a Decision Modeling branch, a Regulatory Modeling branch as well as a Model Implementation & Execution branch to ensure all risk models are compliant with regulatory (OCC, FRB, CFPB) and Citi policy requirements, and properly monitored to ensure all customers decisions continue to satisfy risk appetite framework requirements.

Responsibilities:

• Assist with the Issue Management Process for Risk Modeling Solutions team, to ensure all aspects and requirements for the Global Issue Management Policy are covered.
• Assist with the ownership of Fair Lending and Legal compliance process for all of the risk models within Branded Cards. Coordinate and liaise with Policy and Development teams to assist with management of new model approval and model change from Fair Lending & Legal perspective across Risk Modeling Solutions.
• Use analytical framework to validate and regularly test models for Fair Lending compliance, and mathematically ascertain that quantitative models do not discriminate towards protected classes.
• Manages model risk across the model life-cycle including model validation, ongoing performance evaluation and annual model reviews.
• Produces analytics and reporting used to manage risk for Citi's operations.
• Communicates results to diverse audiences.
• 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.
• Conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards.
• Participates on teams to solve business problems.
• Identifies modeling opportunities that yield measurable business results.
• Provides guidance to junior validators as and when necessary.
• Manages stakeholder interaction with model developers and business owners during the model life-cycle.
• Represents the bank in interactions with regulatory agencies, as required.
• Presents findings to senior management and supervisory authorities.
• Provides effective challenge to model assumptions, mathematical formulation, and implementation.
• Assesses and quantifies model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls.
• Contributes to strategic, cross-functional initiatives within the model risk organization.
• 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:

• 10+ years experience in a relevant or analytics role, ideally in the financial sector
• Proficient in Microsoft Office with an emphasis on MS Excel, ideally also experienced with Issue Management Tracking Software
• Consistently demonstrates clear and concise written and verbal communication skills
• Self-motivated and detail oriented
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time .
• Practical experience using SAS or similar statistical coding software to build, analyze and/or test prediction models. comfortable interfacing with business clients. proficiency handling large data sets.
• Experience in a quantitative role in risk management at a financial institution with experience in either model development or validation.
• Good knowledge and understanding of a variety of model development and validation testing techniques covering risk models.

Education:

• Bachelor's/University degree or equivalent experience, potentially Masters degree

Job Family Group:

Risk Management

Job Family:

Risk Analytics, Modeling, and Validation

Time Type:

Full time

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.

Other Relevant Skills

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

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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