Model Validation 2nd LOD Intermediate Analyst - C11
Citigroup · Mumbai
The Risk Analytics, Modeling and Validation role involves the development, enhancement, and validation of methods for measuring and analyzing the credit risk. In areas related to credit risk, individuals in this role develop, enhance, and validate models for measuring losses for mortgage portfolios. They also develop and maintain key risk parameters like default and rating migration data, usage given default data and transition matrices. This role is vital to the company as it provides a scientific and systematic approach to assessing and mitigating risks, thereby ensuring the company's financial stability, protecting its assets, and supporting its overall business strategy.
Responsibilities:
- The role is typically for Model Validator.
- Perform model validations, annual model reviews, ongoing monitoring reviews (on Low and Medium Model Risk Rating (MRR) models) and model limitation remediation reviews for one or more model / product type (e.g., precious metals models) under the supervision of a Validation Lead (VL) for Mortgage loss forecasting models.
- Provide effective challenge to the model development process on Low / Medium MRR models in the specific model / product type, in accordance with the Citi Model Risk Management Policy.
- Evaluating testing approach and results for individual models in accordance with MRM guidance
- Assessing the ongoing performance monitoring of the models
- Contributing to regulatory and internal audit related responses
- Collaborating 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.
- Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.
- Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.
- Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.
- Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.
- Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda
- Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities.
- Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
- Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
- Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements.
- Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.
- Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
- Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals.
- Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community.
- Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development.
- Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities.
- Empathetically listens and understands others’ positions before acting on issues; works to amplify voices that are minimized in the workplace
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards
Qualifications:
- 4+ years of experience
- Experience in Quantitative Finance, Risk management, Analytics, Model Development or Model Validation is preferred.
- Excellent partnership and teamwork skills.
- Programming skills in languages like SAS, Python,VBA or other coding language as need.
- Knowledge of mortgage product and financial markets.
- Extensive experience in data analysis and interpretation and technical writing.
- Strong technical skills such as solid knowledge of time series analysis, statistics and econometrics.
- Strong analytical skills.
- Excellent communication and diplomacy skills.
- Ability to evaluate complex and variable issues.
- Ability to influence decisions and provide expert advice.
- Strong problem-solving skills.
- Ability to work effectively in a team and independently.
- Project management skills, with the ability to manage multiple tasks and deadlines.
- Proficiency in data analysis and interpretation.
- Ability to identify inconsistencies in data or results and define business issues.
- Ability to formulate recommendations on policies, procedures, or practices.
- Attention to detail and the ability to make informed judgments based on information.
Education:
Master’s degree in Maths, Statistics, Economics, Finance etc.
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Risk Analytics, Modeling, and Validation------------------------------------------------------
Time Type:
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Most Relevant Skills
Analytical Thinking, Business Acumen, Credible Challenge, Data Analysis, Governance, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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