Model Validation 2nd LOD Lead Analyst

Citibank, N.A. seeks a Model Validation 2nd LOD Lead Analyst for its Tampa, Florida location. Duties: Validate credit risk models using statistical/mathematical tools and economic/finance theories. Manage model risk across the model life-cycle including model validation, ongoing performance evaluation, and annual model reviews. Provide effective challenge to model assumptions, mathematical formulation, and implementation. Test model assumptions and assess model performance. Assess adequacy and relevancy related to modeling data. Assess and evaluate impact of macroeconomic scenarios on bank’s credit portfolio. Design and execute quantitative and statistical testing on model framework and performance. Perform data analysis and quantitative/statistical tests using statistical tools. Document model validation outcomes, monitor model performance, and execute independent challenges and assessments in accordance with Model Risk Management Policies and Procedures. Conduct analysis and package its process and finding into detailed technical documentation report for validation purposes, meeting regulatory guidelines and exceeding industry standards. Manage stakeholder interaction with model developers and business owners during the model life-cycle. Represent the bank in interactions with regulatory agencies, as required. Present model validation findings to senior management and supervisory authorities. Assess and quantify risk associated with the model due to model limitations, and inform stakeholders of the risk profile and advise on development of compensating controls. Contribute to strategic, cross-functional initiatives within the model risk organization. Provides guidance to junior validators as and when necessary.

• Validate credit risk models using statistical/mathematical tools and economic/finance theories.
• Manage model risk across the model life-cycle including model validation, ongoing performance evaluation, and annual model reviews.
• Provide effective challenge to model assumptions, mathematical formulation, and implementation.
• Test model assumptions and assess model performance.
• Assess adequacy and relevancy related to modeling data.
• Assess and evaluate impact of macroeconomic scenarios on bank’s credit portfolio.
• Design and execute quantitative and statistical testing on model framework and performance.
• Perform data analysis and quantitative/statistical tests using statistical tools.
• Document model validation outcomes, monitor model performance, and execute independent challenges and assessments in accordance with Model Risk Management Policies and Procedures.
• Conduct analysis and package its process and finding into detailed technical documentation report for validation purposes, meeting regulatory guidelines and exceeding industry standards.
• Manage stakeholder interaction with model developers and business owners during the model life-cycle.
• Represent the bank in interactions with regulatory agencies, as required.
• Present model validation findings to senior management and supervisory authorities.
• Assess and quantify risk associated with the model due to model limitations, and inform stakeholders of the risk profile and advise on development of compensating controls.
• Contribute to strategic, cross-functional initiatives within the model risk organization.
• Provides guidance to junior validators as and when necessary.

• Requires a Master’s degree, or foreign equivalent, in Statistics, Mathematics, Applied Mathematics, Computer Science, Electronics Engineering, or related quantitative field and 2 years of experience as a Model/Analysis/Validation Senior Analyst, Model Developer, Risk Analyst, or related position involving model development, validation and performance control in support of risk management for a global financial services industry.

• 401(k)
• Medical, dental & vision coverage
• Life, accident, and disability insurance
• Wellness programs
• Paid time off packages
• Paid holidays

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