Citibank, N.A. seeks a Model/Analysis/Validation Officer for its Long Island City, New York location.Duties: Validate Scenario Design Models focusing on macroeconomic and financial variable forecasting. Validate Wholesale Risk Rating Models and monitor internal credit risk ratings generated by the models for risk portfolios. Provide effective challenges on model assumptions, mathematical formulation, and implementation. Conduct analysis and write detailed validation reports. Conduct quantitative and statistical testing on modeling data. Assess adequacy and relevancy of modeling data, and evaluate data processing approaches. Apply accounting and financial theories to review financial ratios that are used in the Credit Risk Rating models. Analyze ongoing model performance to evaluate if the model can generate the expected results, and conduct benchmarking analyses to verify selection of model approaches. Review ongoing monitoring plans and test methodology and threshold, for different model types. Present model validation results to senior management, model sponsor, and model developers. Participate in periodical rating council meetings and process meetings, and deliver rating model related information to senior management and/or team. Monitor the teams’ project portfolio. Perform timeline optimization and resource allocation. Mentor junior validators, providing feedback on quantitative analyses, report writing, communication with counterparties, regulation requirements, internal policies and procedures. Lead internal trainings on policies, programming skills, statistical skills, communications skills, and reporting writing skills. Collaborate with internal validation teams, model governance teams, model sponsors, and model developers to validate risk models. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.Requirements: Requires a Master’s degree or foreign equivalent in Mathematics, Statistics, Finance, Financial Mathematics, Computer Science, or related quantitative field and 2 years of experience as Model/Analysis/Validation Analyst or related position involving conducting risk management for a global financial services institution. 2 years of experience must include: Quantitative modeling; Mathematics and statistical techniques; Leveraging Univariate/Multivariate Regression for CCAR,CECL, and ICAAP; Programming in R; and Drafting technical validation reports. 1 year of experience must include: Conducting data and financial analysis; Leveraging Time Series Regression, Vector Error Correction Model and Principal Component Analysis for CCAR,CECL,ICAAP, IFRS9 and other usages; Validating models used in stress-testing under guidelines for CCAR, DFAST, CECL, and ICAAP; and; Programming in Python and SAS. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #24772502. EO Employer.Wage Range: $178,000 to $182,000Job Family Group: Risk ManagementJob Family: Risk Analytics and ModelingJob Family Group:Job Family:Time Type:Full timePrimary Location:Long Island City New York United StatesPrimary Location Full Time Salary Range: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:Oct 12, 2024Citi 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/OFCCPEEOSupplementFinalJRFQA508c.pdf) .View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeoaapolicy.pdf) .View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp%20EnglishformattedESQA508c.pdf)Citi is an equal opportunity and affirmative action employer.Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
Full-time