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VP Model/Anlys/Valid Officer (Hybrid)

Company: Citi
Location: Wilmington
Posted on: May 24, 2023

Job Description:

This position within Global Consumer Banking will develop CCAR/CECL/IFRS9 loss models for consumer and small business portfolios (e.g., credit cards, installment loans, ready credit etc.).


The responsibility includes but not limited to the following activities:

Obtain and conduct QA/QC on all data required for CCAR/CECL/IFRS9 model development

Develop segment and/or account level CCAR/CECL/IFRS9 models

Perform all required tests (e.g. sensitivity and back-testing)

Validate/recalibrate all models annually to incorporate latest data. Redevelop as needed.

Deliver comprehensive model documentation

Work closely with cross functional teams, including country/region's business stakeholders, model validation and governance teams, and model implementation team

Prepare responses/presentations to regulatory agencies on all CCAR/CECL/IFRS9 models built


6+ years for Bachelor's or 2+ years for Master's in performing quantitative analysis, statistical modeling, loss forecasting, loan loss reserve modeling, and/or particularly econometric modeling of consumer credit risk stress losses (e.g., CCAR/DFAST)

Experience with dynamics of consumer products, with international experience a strong plus

Active role in performing some analytical components of an econometric modeling-driven stress loss process (data collection, data integrity QA/QC/reconcilements, pre-processing, segmentation, variable transformation, variable selection, econometric model estimation, sensitivity testing, back testing, out-of-time testing, model documentation, & model production implementation)

Exposure to various CCAR/CECL/IFRS9 modeling approaches at the segment or account level preferred

Exposure to project management of model development initiatives and prepare technical responses/presentations to internal model review functions and/or external regulators (e.g., FRB, OCC, FDIC) and internal audit functions

Able to communicate technical information verbally and in writing to both technical and non-technical audiences

Proficiency in SAS/SQL/Oracle/Unix/Microsoft Word, Excel and PowerPoint


6+ years for Bachelor's or 2+ years for Master's

Advanced Degree ( Masters, PhD preferred) in Statistics, Mathematics, Operations Research, Economics, Financial Engineering, Mathematical Finance, Industrial Engineering, Data Science, and other highly quantitative disciplines


Job Family Group:

Risk Management


Job Family:

Risk Analytics, Modeling, and Validation


Time Type:

Full time


Primary Location:

Wilmington Delaware United States


Primary Location Salary Range:

$121,560.00 - $182,340.00


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: Citi, Wilmington , VP Model/Anlys/Valid Officer (Hybrid), Executive , Wilmington, Delaware

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