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Qualitative Models Validation Senior Analyst

Company: Citigroup
Location: Wilmington
Posted on: January 15, 2022

Job Description:

This position is within the Qualitative Model Validation team, which is part of the Model Risk Management (MRM) group within the Risk organization. - The Qualitative Model Validation team is responsible for reviewing and assessing qualitative models as part of Citi's Model Risk Management framework. The main objectives are to ensure that qualitative models are used appropriately by the business and that model users are aware of the models' limitations and weaknesses that should be mitigated by compensating controls. - A Qualitative Model is based upon key assumptions which are primarily qualitative, e.g., based on expert judgment or other qualitative evidence. -Key activities include:Performing independent validation of qualitative models across the firm, in line with the Citi Model Risk Management Policy and procedures. This includes:Critically reviewing the appropriateness of a Qualitative Model versus alternative quantitative approach with respect to the modeling objective and the available model development dataProducing high value models validation reports, including highlighting risks and limitations of the model.Evaluating testing approach and results for individual models in accordance with MRM guidanceAssessing the ongoing performance monitoring of the modelsContributing to regulatory and internal audit related responsesCollaborating with other teams within Risk and the Business regarding qualitative models to facilitate compliance with our policies, procedures, and guidance. -Assisting with preparing the reports and other meeting materials to MRM senior management.Supporting the process of designing, developing, delivering and maintaining best-in-class qualitative model validation process standards, guidance, practices, templates, and other documentation.Education:Master's Degree or equivalent in STEM or other quantitative fields required (Mathematics, Statistics, Financial Engineering, Quantitative Finance etc.) with 5-8 years of Quantitative experience.Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second Master's degree, CPA or CFA.Ideally 5 - 8 years of experience / knowledge of Banking, Treasury, Finance / Risk management preferred, however talented candidates with fewer years of experience will be consideredDemonstrate excellent partnership and teamwork skillsAbility to clearly and concisely formulate findings in a written form and good verbal communication skillsGood analytic, creative thinking and problem solving abilitiesAdept and meticulous at analysis and documentationAbility to multi-task, work well under pressure and committed to deliver under tight deadlinesKnowledge of financial markets and productsQualitative or quantitative model risk management experience is a plusExperienced user of Microsoft Office Suite, especially Excel, PowerPoint and Word. Knowledge of SAS or R language would be a plus.Solid knowledge of time series analysis, statistics and econometrics would be highly advantageous.-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Risk Analytics, Modeling, and Validation------------------------------------------------------Time Type:------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View the "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting-----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citigroup, Wilmington , Qualitative Models Validation Senior Analyst, Accounting, Auditing , Wilmington, Delaware

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