*discover your future at citi*:
working at citi is far more than just a job.
a career with us means joining a team of more than 230,000 dedicated people from around the globe.
at citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.
*job overview*:
the risk analytics, modeling and validation role involves the development, enhancement, and validation of methods for measuring and analyzing all types of risks, including market, credit, and operational.
in areas related to credit risk, individuals in this role develop, enhance, and validate models for measuring obligor credit risk, or early warning tools that monitor the credit risk of corporate or consumer customers, besides being involved in loss given default studies.
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*.
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*responsibilities*:
- the role is typically for model validation lead (vl).
- oversee a portfolio (e.g., commodities business models) of model types / product types for a specific business area perform model validations, annual model reviews, ongoing monitoring reviews (on low, medium and high model risk rating (mrr) models), model limitation remediation reviews, supervisory and peer reviews across the specific portfolio.
- ensure accuracy of validations performed by validators covering the vl's specific portfolio provide effective challenge to the model development process on low / medium / high mrr models in accordance with the citi model risk management policy.
- communicating a compelling vision of the future; helps them identify opportunities for change and improvement during uncertainty.
- inspires the team to constantly improve, own mistakes, and proactively share learnings with other teams; demonstrates deep curiosity to help the team learn and improve.
- creates a team environment in which members are proactively invited to speak up, seek out, and debate alternative views; role-models agility to change course when presented with new information.
- acts as a catalyst for change by identifying and championing ideas that benefit the organization; supports the team to safely experiment.
- communicates the context behind key organizational decisions; puts the enterprise above the team, and helps the team make decisions that benefit the greater good
- creates focus by communicating and aligning resources to the most critical organizational priorities; proactively reduces potential distractions for the team.
- proactively identifies and acts on opportunities to manage risk through streamlining processes, eliminating redundancies across teams, and reducing over-customization.
- leads teams to strengthen controls that support client satisfaction and operational effectiveness; creates a culture in which all team members take accountability for managing risk.
- guides the team in solving complex business challenges by taking time to gather data, uncover root causes, and identify sustainable solutions.
- leads teams to continuously raise expectations; inspires them to exceed performance goals and deliver the best possible work.
- role-models, educates, and holds the team accountable for doing the right thing for clients and citi, in all situations, even when difficult
- holds self and team accountable for establishing partnerships that break down boundaries and engage cross-functional partners early and often; creates opportunities for enhanced collaboration across business and functions.
- reinforces opportunities for team members to support clients and communities; educates teams on the challenges faced by citi's constituents.
- creates a flexible and engaging work environment in which employees can achieve work-life balance and people of diverse backgrounds and styles can thrive; lives by example.
- proactively seeks out and champions diverse talent for critical roles; is intentional in taking action to ensure all team members are treated in a fair and equitable manner.
- actively monitors and listens respectfully to how teams are feeling, particularly when facing challenges; assumes best intent and responds with empathy.
*qualifications*:
- 10+ years of experience
- demonstrated project management and organizational skills and capability to handle multiple projects simultaneously.
- deep understanding of financial instruments, pricing models, simulation and other relevant risk estimation methodologies, and regulatory requirements.
- sound knowledge in calculus, linear algebra, statistics, and numerical methods.
- strong verbal and written communication skills.
- solid writing skills.
- programming skills in languages like python, matlab, c/c++/c#, v