Reviewer/Validator, MRM - Artificial Intelligence Review and Challenge - Assistant Vice President

Reviewer/Validator, Mrm - Artificial Intelligence Review And Challenge - Assistant Vice President

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Job Overview

The risk analytics, modeling and validation role involves the development, enhancement, and validation of methods for measuring and analyzing all types of risks, including market, credit, and operational. In areas related to credit risk, individuals in this role develop, enhance, and validate models for measuring obligor credit risk, or early warning tools that monitor the credit risk of corporate or consumer customers, besides being involved in loss given default studies. They also develop and maintain key risk parameters like default and rating migration data, usage given default data and transition matrices. This role is vital to the company as it provides a scientific and systematic approach to assessing and mitigating risks, thereby ensuring the company's financial stability, protecting its assets, and supporting its overall business strategy.

This position is part of the artificial intelligence (ai) review team within citi's model risk management (mrm) organization. This position will perform independent review and effective challenge of all lifecycle activities of generative ai and unsupervised learning models used in citi.

Responsibilities

• The role is typically for model validator.
• Perform model validations, annual model reviews, ongoing monitoring reviews (on low and medium model risk rating (mrr) models) and model limitation remediation reviews for one or more model / product type (e.g., precious metals models) under the supervision of a validation lead (vl).
• Provide effective challenge to the model development process on low / medium mrr models in the specific model / product type, in accordance with the citi model risk management policy.
• Evaluating testing approach and results for individual models in accordance with mrm guidance
• Assessing the ongoing performance monitoring of the models
• Contributing to regulatory and internal audit related responses
• Collaborating with other teams within risk and the business regarding qualitative models to facilitate compliance with our policies, procedures, and guidance.
• Assisting with preparing the reports and other meeting materials to mrm senior management.
• Supporting the process of designing, developing, delivering, and maintaining best-in-class qualitative model validation process standards, guidance, practices, templates, and other documentation.
• Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.
• Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.
• Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.
• Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.
• Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda
• Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities.
• Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
• Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements.
• Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.
• Role-models and helps others to do the right thing for clients and citi in all situations, even when difficult
• Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals.
• Proactively seeks out opportunities to volunteer in citi programs that support the community; advocates for solutions that meet the needs of citi's clients and the community.
• Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development.
• Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities.
• Empathetically listens and understands others' positions before acting on issues; works to amplify voices that are minimized in the workplace
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding citi, 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

• 5-8 years of experience
• Experience in quantitative finance, risk management, analytics, model development or model validation is preferred.
• Excellent partnership and teamwork skills.
• Ability to formulate findings clearly and concisely in a written form and good verbal communication skills.
• Good analytic, creative thinking, and problem-solving abilities.
• Adept and meticulous at analysis and documentation of results.
• Ability to multi-task, work well under pressure, and deliver results under tight deadlines.
• Programming skills in languages like python, matlab, c/c++/c#, vba or other coding language as need.
• Knowledge of financial markets and products.
• Practical experience of using generative ai models (e.g., chatgpt, gemini, claude etc.)
• In-depth technical knowledge of common ai and machine learning (ml) techniques and strong understanding of risks associated with ai/ml and corresponding mitigants
• Qualitative or quantitative model risk management experience is a plus.
• Extensive experience in data analysis and interpretation and technical writing.
• Strong technical skills such as solid knowledge of time series analysis, statistics and econometrics.
• Strong analytical skills.
• Excellent communication and diplomacy skills.
• Ability to evaluate complex and variable issues.
• Ability to influence decisions and provide expert advice.
• Strong problem-solving skills.
• Ability to work effectively in a team and independently.
• Project management skills, with the ability to manage multiple tasks and deadlines.
• Proficiency in data analysis and interpretation.
• Ability to identify inconsistencies in data or results and define business issues.
• Ability to formulate recommendations on policies, procedures, or practices.
• Attention to detail and the ability to make informed judgments based on information.

Education

• Bachelor's degree plus 5-8 years of experience; or master's degree plus 3-6 years of experience; or phd degree plus 0-3 years of experience.
• Advanced degree preferred.