Model Analysis Validation Sr. Manager

Citigroup   •  

Irving, TX

5 - 7 years

Posted 158 days ago

Description

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi’s Mission and Value Propositionexplains what we do and Citi Leadership Standardsexplain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Summary:

 

The Model/Anlys/Valid Senior Manager will head a team responsible for managing Model Risk of Pre Provision Net Revenue models. In this highly visible role the successful candidate will interact with model sponsors, model developers, model risk supervision group, internal audit, and regulatory agencies.

Specifically the role entails:

•Manage a team within the Model Risk Management Group
•Full management responsibility, ensuring motivation and development of team
•Individual will be the subject matter expert responsible for evaluating model performance of Balance Forecasting Models;

-Model evaluation will be as per the requirements outlined

in the MRM Policies and Guidances related to CCAR.

-The evaluation also requires writing a comprehensive

validation report based on his / her judgment of the

evaluation results

•The individual is also expected to contribute in developing/enhancing MRM Policy and Guidances
•He / She will support MRM team leads for MRM purpose – be it policy related work or model evaluations.
•He / She will be fully aware and be able to interpret the implication of policies and regulatory directives.



Qualifications


•Minimum of Master’s degree in a quantitative field (physics, mathematics, computer science, etc.) with 6+ years of relevant 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
•6 to 10 years in relevant consumer/corporate banking industry experience to include Balance/loss forecasting/stress testing model development, maintenance, tracking and management
•Prior people management and project management experience
•Requires in-depth understanding of how each areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the entire function.
•The ability to interpret and analyse large volumes of data, and at times complex information
•Excellent written and oral communication skills are a mandate. Ability to recognizing information and patterns in data that are not obvious, and focusing analytical efforts in pursuit of explanations, isolations of cause and effect.
•Applicant with significant experience specifically in Balance forecasting and CCAR will be preferred.
•Ability to demonstrate that they can negotiate with influence and lead individuals outside of their direct reporting line, often at a more senior level

Candidates who can demonstrate the following will be considered to have an advantage:

•Applies in-depth disciplinary knowledge to provide value-added perspectives. May contribute to the development of new techniques, models and plans within area of expertise
•Be comfortable working with, and articulating complex matters to senior managers
•Good remote management skills

Job ID: 18013086