ICAAP Model Governance Senior Analyst, Citi

ICAAP Model Governance Senior Analyst

Citi

Location:

Hungary, Budapest

Category:

Finance

Contract Type:

Employment contract

Salary:

Not provided

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Job Description:

This role involves providing governance for ICAAP financial forecast models, including validation, performance assessments, and ensuring compliance with MRM requirements. The candidate will identify areas for improvement, support automation and development, and work within a multinational organization to enhance financial processes and controls.

Job Responsibility:

Collaborate across a variety of functions within Finance and Risk, to support the ICAAP production of 25+ Legal Entities in model related areas
Provide governance for ICAAP financial forecast models in respect of Model Risk Management (MRM) requirements, to ensure that the models are available for use in the ICAAP submission
Prepare financial forecast models for validation, including Initial or Re-Validation, Annual Model Review, Ongoing Performance Assessment, Model Change Reviews, and remediation of Limitations
Responsible for model documentation, development testing (sensitivity and impact analysis, backtesting, quantitative justification of modelling choice, justification of model performance) and defending the model in Validation
Monitor the deadlines of model events, engage with stakeholders in a timely manner, and keep the team informed to allow planning and allocating resources appropriately
Identify areas for new model development and process automation
Support model development, standardization of approaches and best practice modelling

Requirements:

Master’s degree in quantitative Finance or other quantitative area
5+ years of work experience in a multinational organization

Nice to have:

Understanding of capital, capital buffers and a bank’s balance sheet
Experience with ICAAP and stress testing
Experience in model development, model validation or model audit
Analytical mindset, structured approach to problem solving, strong communication, good attention to details
Willingness for improvement
Good interpersonal skills, ability to manage stakeholders, ability to work under time pressure (occasionally)
Ability to work independently, proactivity

What we offer:

Cafeteria Program
Home Office Allowance (for colleagues working in hybrid work models)
Paid Parental Leave Program (maternity and paternity leave)
Private Medical Care Program and onsite medical rooms at our offices
Pension Plan Contribution to voluntary pension fund
Group Life Insurance
Employee Assistance Program
Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
Flexible work arrangements to support you in managing work-life balance
Career progression opportunities across geographies and business lines
Socially active employee communities with diverse networking opportunities

Additional Information:

Job Posted:

March 21, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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