Citi Group VP Risk Model Officer Hybrid 

United States, Texas, Houston 

234273798

Responsibilities:

• Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational. Also, may develop, validate and strategize uses of scoring models and scoring model related policies.
• Manages model risk across the model life-cycle including model validation, ongoing performance evaluation and annual model reviews.
• Produces analytics and reporting used to manage risk for Citi's operations.
• Translates operational requests from the business into programming and data criteria and conduct systems and operational research in order to model expected results.
• Assists in the development of analytic engines for business product lines.
• Communicates results to diverse audiences.
• Conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards.
• Participates on teams to solve business problems.
• Identifies modeling opportunities that yield measurable business results.
• Provides guidance to junior validators as and when necessary.
• Manages stakeholder interaction with model developers and business owners during the model life-cycle.
• Represents the bank in interactions with regulatory agencies, as required.
• 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:

• Self-motivated and detail oriented.
• Sound knowledge and understanding of a variety of model development methodologies and industry best practices.
• Experience with econometric and statistical modeling or risk scoring.
• Demonstrated project management and organizational skills and capability to handle multiple projects simultaneously.
• Practical experience using Python or R to build and test predictive models.
• Consistently demonstrates clear and concise written and verbal communication skills.
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time.
• Proficiency in working with large data sets and data pulls from relational databases.
• Experience in a quantitative role in risk management at a financial institution performing model development or validation.
• Good knowledge and understanding of a variety of model development and validation testing techniques covering risk models.

Education:

• Bachelor’s/University degree or equivalent experience, potentially Masters degree.

Anticipated Posting Close Date:

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