Model/Analysis/Validation Officer

Citi • Tampa, FL

10d • Hybrid

About The Position

Citibank, N.A. seeks a Model/Analysis/Validation Officer for its Tampa, Florida location.
Duties: Develop, enhance and validate the methods of measuring and analyzing market, credit and operational risks, and strategize uses of scoring models and related policies. Manage risk across the model life-cycle through model validation, ongoing performance evaluation and annual model reviews. Produce analytics and reporting used to manage risks related to operations and communicate the results to diverse audiences. Translate operational requests from the business into programming and data criteria and, conduct systems and operational research to model expected results. Assist in the development of analytic engines for business product lines. Conduct model analysis and document them into report for validation of meeting the regulatory guidelines and industry standards. Provide effective challenge to model assumptions, mathematical formulation, and implementation. Assess and quantify risk associated with model limitations, and inform stakeholders of their risk profile and propose compensating controls. Manage stakeholder interactions 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. Identify modeling opportunities that yield measurable business results. Provide guidance to junior validators as and when necessary and participate in team efforts to solve business problems. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements

• Requires a Master’s degree, or foreign equivalent, in Economics, Finance, or related field and 3 years of experience as a Model/Analysis/Validation Senior Analyst, Quantitative Analyst, Economic Researcher, or related position involving quantitative model development, analysis and validation, and data processing and quality control for modelling.
• Alternatively, employer will accept a Bachelor’s degree in the stated fields and 6 years of the specified progressive, post-baccalaureate experience.
• Full span of experience must include: Developing, monitoring, and validating quantitative models for market risk measurement and stress testing; Monte Carlo simulation, stochastic calculus, and time-series econometrics; Processing large-market datasets and monitoring data quality including identifying outliers, gaps and stale data using statistical methods; Performing advanced data analytics and model implementation using Python, R, Linux, and SQL; Creating data visualizations to present model results and test outcomes to stakeholders and model validators; Explaining model details, VaR breach, or stress scenarios to stakeholders; Initiating model changes, validation documents, and UAT result analyses; and Collaborating with cross-functional teams to design and execute UAT testing.

Responsibilities

• Develop, enhance and validate the methods of measuring and analyzing market, credit and operational risks, and strategize uses of scoring models and related policies.
• Manage risk across the model life-cycle through model validation, ongoing performance evaluation and annual model reviews.
• Produce analytics and reporting used to manage risks related to operations and communicate the results to diverse audiences.
• Translate operational requests from the business into programming and data criteria and, conduct systems and operational research to model expected results.
• Assist in the development of analytic engines for business product lines.
• Conduct model analysis and document them into report for validation of meeting the regulatory guidelines and industry standards.
• Provide effective challenge to model assumptions, mathematical formulation, and implementation.
• Assess and quantify risk associated with model limitations, and inform stakeholders of their risk profile and propose compensating controls.
• Manage stakeholder interactions 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.
• Identify modeling opportunities that yield measurable business results.
• Provide guidance to junior validators as and when necessary and participate in team efforts to solve business problems.

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level