Model/Anlys/Valid Analyst II, Citi

Citi

Location:
India, Mumbai

Category:
-

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The Model Risk Management (MRM) organization provides oversight for the Model Risk Management Framework, which consists of the policy, processes, and procedures through which Citi identifies, measures, manages, monitors, reports, and controls model risk across the firm. This position is a unique opportunity to learn how the trading book models are developed and validated in a Tier one Global Investment Bank.

Job Responsibility:

Support the review and validation of models as per MRM framework, provide effective challenge, ensuring validation work quality
Help manage model risk across the model lifecycle including model validation, performance evaluation and annual model reviews
Work with lead validators on critical projects like revalidations
Independently delivering on monitoring projects like OPAs and AMRs

Requirements:

Minimum of Master’s degree in a quantitative field (Statistics, Mathematics, Physics, Engineering, Computer science, etc.)
Higher academic qualifications, a second Master’s degree, FRM, CPA or CFA is a plus
Must have a strong background in statistical modelling techniques
Good understanding of Model Risk Management and framework like SR 11-7
Programming skills in using one or more of programming languages, such as Python, SAS, SQL, R, etc.
Proficient in Microsoft Office (Word, Excel, and PowerPoint)
0-2 years’ experience in model implementation/validation/development is compulsory
Strong written and oral communication skills
Teamwork and commitment a must as well ability to work independently

Nice to have:

Knowledge and understanding of a variety of model development and validation testing techniques covering risk models, including but not limited to linear regression models, logistic regression, generalized additive models, decision and regression trees, information gain and related segmentation statistical tools
Previous familiarity with Risk models such as Credit Risk, Market Risk, Liquidity Risk, Scenario Variables/ Macroeconomic Forecasting models etc.
Knowledge of financial instruments, simulation and risk estimation methodologies, and regulatory requirements

Additional Information:

Job Posted:
March 22, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Model/Anlys/Valid Analyst II