VP, Model Validation 2nd LOD Lead Analyst - C13 (Irving, TX)

VP, Model Validation 2nd LOD Lead Analyst

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.

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 markets, treasury, credit, and operational. In areas related to financial and regulatory risks, individuals in this role validate financial models in Recovery and Resolution Planning for measuring Liquidity, Capital, PPNR, Credit and Operational losses. This role is vital to the company as it provides a scientific and systematic approach to assessing, identifying and mitigating risks, thereby ensuring the company's compliance to model risk regulatory guidance and supporting its overall business strategy.

Responsibilities

• The role is Model Validation Lead (VL), initially an individual contributor.
• Oversee a portfolio (e.g., Recovery and Resolution Planning) of model types / product types for a specific business area. Perform model validations, annual model reviews, ongoing monitoring reviews (on Low, Medium and High Model Risk Rating (MRR) models), model limitation remediation reviews, Supervisory and Peer Reviews across the specific portfolio.
• Ensure accuracy of validations performed by Validators covering the VL's specific portfolio Provide effective challenge to the model development process on Low / Medium / High MRR models in accordance with the Citi Model Risk Management Policy
• Conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards.
• Manages stakeholder interaction with model developers and business owners during the model life-cycle.
• Presents model validation findings to senior management and supervisory authorities.
• 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 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, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards.

Qualifications

• 6-10 years of experience
• Good knowledge and experience in quantitative or qualitative role of a variety of model development and validation testing techniques covering financial/business planning or risk management at a major financial institution
• Extensive knowledge of financial markets and products.
• Clear and concise written and verbal communication skills.
• Extensive experience in data analysis, interpretation of findings, and technical writing.
• Self-motivated and detail oriented.
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time.
• Comfortable interfacing with business clients
• Ability to formulate recommendations on policies, procedures, or practices.

Education

Bachelor's/University degree, Master's degree preferred

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.

Analytical Thinking, Business Acumen, Credible Challenge, Data Analysis, Governance, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.

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. 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. View Citi's EEO Policy Statement and the Know Your Rights poster.