Job Description
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.
Citis Mission and Value Proposition (http://www.citigroup.com/citi/about/mission-and-value-proposition.html) explains what we do and Citi Leadership Standards (http://www.citigroup.com/citi/about/leadership-standards.html) explain 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 publics 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.
This Model Validation role is a member of the Consumer Valuation Models group within Model Risk Management. The validator will support model validation activities for Risk Models in Consumer US Retail Services and global fraud area.
Key Responsibilities include:
- Manage the end-to-end model review and validation workflows for new and existing models, under the supervision of the validation lead for the corresponding area.
- Prepare comprehensive model validation reports to support the validation outcome
- Identify and track model limitations. Ensure appropriate remediation actions are in place and monitored
- Assist the validation lead on quarterly and annual model performance review, ongoing validation, and model inventory reconciliation
- Interact with stakeholders such as model developers, model sponsors, and model users on model risk management related activities. Provide effective challenge on conceptual soundness, data quality, and model development process
- Conduct research and testing on ad-hoc technical topics, and disseminate results/ deliver training
**Qualifications:**
+ At least 3-5 years of work related experience
+ 3 years of experience in consumer predictive modelling, preferably some experience in Model Risk Management with model validation responsibilities
+ Minimum of a Masters degree preferably a PhD, in a quantitative field (e.g. Statistics, Economics, Mathematics, etc.)
+ Sound knowledge of Statistics/ Econometrics and Data Mining Methods
+ Solid writing skills
+ Strong communication skills as the work involves frequent interaction with model developers, risk managers and other stakeholders
+ Ability to challenge models and identify model risk, especially on conceptual soundness, data quality, model development process
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**Job Family Group:**
Risk Management
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**Job Family:**
Risk Analytics, Modeling, and Validation
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**Time Type:**
Full time
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .
View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .
View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
