Citigroup Inc
Model Validator Analyst AVP (Hybrid)
Citigroup Inc, Wilmington, Delaware, us, 19894
There is a significant increase in the scope and depth of model validation activities across the firm to meet the commitments made to the regulators and to meet the Model Risk Management Policy standards for the firm.
Responsibilities:
Minimum of a Master’s degree in a quantitative field (e.g. Physics, Mathematics, Statistics, Economics, Finance, Engineering, Computer Science, etc.)
Prefer candidates with higher academic qualifications and/or certifications such as a PhD, a second Master’s degree, CFA, FRM, or CPA, etc.
We are looking for a Model Risk Validator to conduct the validation for quantitative Risk models, such as Credit Risk, Operational Risk, Liquidity Risk, Structured Products, Securities and Securitization (including AFS/HTM), Pension Models, Insurance Models, Interest Rate Models, Scenario Variables/ Macroeconomic Forecasting models, Climate Risk, etc. which are used to assess the adequacy of risk capital and estimated losses for regulatory or business requirements (including CCAR/DFAST, CECL, IFRS9, ICAAP, Basel, Financial Planning, Internal Stress Testing, etc.).
Our rigorous validations cover both technical and functional aspects of Model Risk Management, including the technical assessment of model data, model assumptions, conceptual soundness, mathematical formula, model performance, as well as the functional assessment of using the model for regulatory and business applications.
Sound knowledge of Calculus, Numerical Analysis, Statistics, and Linear Algebra.
Strong communication skills. Be able to present validation results to developers and senior management.
Solid writing skills. Publications in peer-reviewed journals are considered as good evidence.
Knowledge of financial products, risk management, regulatory requirements (e.g. CCAR/DFAST, CECL, IFRS9, ICAAP, BASEL, etc.).
Ability to work independently as well as collaborate with colleagues.
Strong programming skills in using one or more of programming languages, such as SAS, SQL, R, Python, MATLAB, C/C++, Java, Oracle, etc.
Curiosity, diligence, and a healthy skepticism about received wisdom are all desirable.
Teamwork and commitment a must.
Job Family Group:
Risk Management
Job Family:
Risk Analytics, Modeling, and Validation
Time Type:
Full time
Primary Location:
Wilmington Delaware United States
Primary Location Full Time Salary Range:
$96,400.00 - $144,600.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date:
Nov 19, 2024
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
Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)
.
View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .
View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
Responsibilities:
Minimum of a Master’s degree in a quantitative field (e.g. Physics, Mathematics, Statistics, Economics, Finance, Engineering, Computer Science, etc.)
Prefer candidates with higher academic qualifications and/or certifications such as a PhD, a second Master’s degree, CFA, FRM, or CPA, etc.
We are looking for a Model Risk Validator to conduct the validation for quantitative Risk models, such as Credit Risk, Operational Risk, Liquidity Risk, Structured Products, Securities and Securitization (including AFS/HTM), Pension Models, Insurance Models, Interest Rate Models, Scenario Variables/ Macroeconomic Forecasting models, Climate Risk, etc. which are used to assess the adequacy of risk capital and estimated losses for regulatory or business requirements (including CCAR/DFAST, CECL, IFRS9, ICAAP, Basel, Financial Planning, Internal Stress Testing, etc.).
Our rigorous validations cover both technical and functional aspects of Model Risk Management, including the technical assessment of model data, model assumptions, conceptual soundness, mathematical formula, model performance, as well as the functional assessment of using the model for regulatory and business applications.
Sound knowledge of Calculus, Numerical Analysis, Statistics, and Linear Algebra.
Strong communication skills. Be able to present validation results to developers and senior management.
Solid writing skills. Publications in peer-reviewed journals are considered as good evidence.
Knowledge of financial products, risk management, regulatory requirements (e.g. CCAR/DFAST, CECL, IFRS9, ICAAP, BASEL, etc.).
Ability to work independently as well as collaborate with colleagues.
Strong programming skills in using one or more of programming languages, such as SAS, SQL, R, Python, MATLAB, C/C++, Java, Oracle, etc.
Curiosity, diligence, and a healthy skepticism about received wisdom are all desirable.
Teamwork and commitment a must.
Job Family Group:
Risk Management
Job Family:
Risk Analytics, Modeling, and Validation
Time Type:
Full time
Primary Location:
Wilmington Delaware United States
Primary Location Full Time Salary Range:
$96,400.00 - $144,600.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date:
Nov 19, 2024
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
Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)
.
View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .
View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.