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Model Validation 2nd LOD Sr. Analyst

Citi

New York, New York, United States
Hybrid
Posted Sep 28, 2025
Hybrid

About the role

Citibank, N.A. seeks a Model Validation 2nd Line of Defense Senior Analyst for its Long Island City, New York location.

Responsibilities

  • Validate credit risk models using statistical and mathematical tools and economic and finance theories.
  • Assist with model risk management 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.
  • Coordinate stakeholder interaction with model developers and business owners during the model life-cycle.
  • Serve as subject matter expert representing the bank in interactions with regulatory agencies, and present model validation findings to senior management and supervisory authorities.
  • Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls.
  • Contribute to strategic, cross-functional initiatives within the model risk organization.

Requirements

  • Requires a Master’s degree, or foreign equivalent, in Mathematics, Finance, Statistics, or related quantitative field and 1 year of work or internship experience as a Model Developer, Model Validator, Risk Analyst, Financial Analyst, Quantitative Analyst or related position involving developing or validating statistical and quantitative models for financial risk management or quantitative research.
  • Alternatively, employer will accept a Bachelor’s degree in the stated fields and 3 years of the specified experience.

Benefits

  • medical, dental & vision coverage
  • 401(k)
  • life, accident, and disability insurance
  • wellness programs
  • paid time off packages
  • planned time off (vacation)
  • unplanned time off (sick leave)
  • paid holidays

About the Company

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Job Details

Salary Range

$138,496 - $150,200/yearly

Location

New York, New York, United States

Employment Type

Hybrid

Original Posting

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