1+ months
2018-06-122018-09-09

Model Analysis Validation Officer

Citigroup
Queens, NY
  • Primary Location: United States,New York,Long Island City
  • Education: Master's Degree
  • Job Function: Risk Management
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 18013037

Description


About Citi:


Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citis Mission and Value Propositionexplains what we do and Citi Leadership Standardsexplain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.


Summary:


This Model validation role will head a team responsible for managing Model Risk of Loss Forecasting models for the North America Consumer unsecured portfolios. In this role the successful candidate will interact with model developers, model risk governance group, internal audit, and regulatory agencies when required.

Specifically the role entails:

Manage other individuals within the Model Risk validation team; Full management responsibility, ensuring motivation and development of team members
Individual will be the subject matter expert responsible for evaluating model performance of Loss Forecasting Models:
-Model evaluation will be as per the requirements outlined
in the MRM Policies and Guidances related to CCAR.
-The evaluation also requires writing a comprehensive validation report based on judgment of the evaluation results
The individual is also expected to contribute in developing/enhancing MRM Policy and Guidances
The individual will support MRM team leads for MRM purpose be it policy related work or model evaluations.
The individual will be fully aware and be able to interpret the implication of policies and regulatory directives.



Qualifications


Minimum of Masters degree in a quantitative field (physics, mathematics, computer science, etc.) with 6+ years of relevant experience
Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second Masters degree, CPA or CFA
6 to 10 years in relevant consumer mortgage or credit card industry experience to include loss forecasting/stress testing model development, maintenance, tracking and management
Prior people management and project management experience
Requires in-depth understanding of how each areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the entire function.
The ability to interpret and analyse large volumes of data, and at times complex information
Excellent written and oral communication skills are a mandate. Ability to recognize information and patterns in data that are not obvious, and focusing analytical efforts in pursuit of explanations, isolations of cause and effect.
Applicant with significant experience specifically in Loss forecasting and CCAR will be preferred.
Demonstrated the ability to negotiate with influence and lead individuals outside of their direct reporting line, often at a more senior level

Candidates who can demonstrate the following will be considered to have an advantage:
Applies in-depth disciplinary knowledge to provide value-added perspectives. May contribute to the development of new techniques, models and plans within area of expertise
Be comfortable working with, and articulating complex matters to senior managers
Good remote management skills


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Model Analysis Validation Officer

Citigroup
Queens, NY

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Queens, NY
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