Manages credit life cycle end-to-end risk strategy ongoing performance evaluation, annual model review, and MRM (Model Risk Management) required documentation preparation and obtaining approvals.
Conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards.
Represents the bank in interactions with regulatory agencies, as required.
Produces analytics and Tableau reporting used to manage model inventory trend.
Manage the methods of measuring and analyzing risk for credit risk strategies.
Translates operational requests from the business into programming and data criteria and conduct systems and operational research in order to model expected results.
Communicates results to diverse audiences and participates on teams to solve business problems.
Provides guidance to junior validators as and when necessary.
Manages stakeholder interaction with model developers, business owners, and MRM reviewers on required documentation and validation process.
Presents model validation findings to senior management and supervisory authorities.
Provides effective challenge to model assumptions, mathematical formulation, and implementation.
Assesses and quantifies model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls.
Contributes to strategic, cross-functional initiatives within the model risk organization.
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.
Qualifications:
6-10 years of experience
Proficient in SAS and Python (preferred)
Extensive experience in consumer credit risk management
Consistently demonstrates clear and concise written and verbal communication skills.
Self-motivated and detail oriented
Demonstrated project management and organizational skills and capability to handle multiple projects at one time .
Comfortable interfacing with business clients. proficiency handling very large data sets.
Experience in a quantitative role in risk management at a financial institution with experience in either model development or validation.
Good knowledge and understanding of a variety of model development and validation testing techniques covering risk models.
Bachelor’s/Universitydegree or equivalent experience, potentially Master’s Degree.
Risk ManagementRisk Analytics, Modeling, and ValidationFull timeWilmington Delaware United States$125,760.00 - $188,640.00