Citibank, N.A. seeks a Model/Analysis/Validation Group Manager for its Long Island City, New York location.

Duties: Use statistical techniques, Economic theories, Finance/Accounting principles, and programming languages SAS and R to validate, document, maintain, and test risk models. Manage a team in evaluating model performance and managing model risk for Loss Forecasting models under normal and extreme economic conditions, in line with the models’ designed objectives and business purposes. Validate, document, maintain, and test risk models used in Consumer unsecured portfolios. Assess compliance with Model Risk Management Policies for regulatory reporting for Comprehensive Capital Analysis and Review (CCAR), Current Expected Credit Losses (CECL), and for internal planning. Assess model risk management framework and model inventory management platform. Develop and enhance Model Risk Management (MRM) policy and guidance provided to stakeholders. Approve or decline models used for retail loss forecasting purposes and recommend changes to the methodology used to forecast losses. Advise MRM managers on policy exceptions requests and responses to concerns and challenges raised by regulatory bodies. Interact with regulators including the Federal Reserve and Office of the Comptroller of the Currency, and internal and external auditors. Contribute to designing training materials and conduct training on technical and functional requirements.

Requirements: Requires a Master’s degree in Economics, Econometrics, Statistics, Finance, Mathematics or related field and 3 years of experience as a Model Developer, Model/Scoring/Analysis–Analyst, Model Validator, Model/Analysis/Valid Officer Model Validator, Risk Policy Analyst or related position involving CCAR, CECL and model risk assessment for the financial services industry. Alternatively, employer will accept a Bachelor’s degree in the stated fields 5 years of the specified progressive, post-baccalaureate experience. 3 years of experience must include: Economics and Finance theories to assess model soundness; Programming with SAS/R/Python for model estimation, forecasting, testing and analysis; Statistical techniques including logistic regression, linear regression, time series, and decision tree; Regulatory requirements for CCAR and CECL; Model risk management framework; Model inventory management platform; Model testing requirements; and MS Office, Excel, PowerPoint. Applicants submit resumes at https://jobs.citi.com/ and search Job Req ID# 23645075 or to Citigroup Recruiting Dept., 3800 Citigroup Center Drive, Tampa, FL 33610. EO Employer. This position is eligible for incentives pursuant to Citigroup’s Employee Referral Program.

Wage Range: $200,169.74 to $245,000

Job Family Group: Risk Management

Job Family: Risk Analytics and Modeling

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