Model Validation 2nd LOD, Analyst
Citi · Mumbai, India +1 · 1d ago
Citi’s Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front-line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.
We’re currently looking for a high caliber professional to join our team as Model Validation 2nd LOD, Analyst (Internal Job Title): Model Validation 2nd LOD, Analyst (C10) based in Mumbai, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decisions and manage your financial well-being to help plan for your future. For instance:
- Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
- We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
- We empower our employees to manage their financial well-being and help them plan for the future.
- Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
- We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
- We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
This role focuses on enhancing and validating methods for measuring and analyzing market, credit, and operational risks. Key responsibilities include validating credit risk models and early warning tools, conducting data analysis for Loss Given Default studies, and strategically using scoring models. The position involves independently maintaining critical risk parameters, identifying and formulating policies, interpreting data to make recommendations, and clearly documenting all processes. The individual will also manage projects, contribute to new analytical tool development, and present findings and recommendations to stakeholders.
In this role, you’re expected to:
- Enhance and validate methods for measuring and analyzing market, credit, and operational risks.
- Validate models for measuring obligor credit risk and early warning tools for corporate or consumer credit risk.
- Participate in Loss Given Default studies, conducting data analysis and contributing to model development.
- Validate, and strategically use scoring models and related policies.
- Maintain key risk parameters, including default and rating migration data, usage given default data, and transition matrices.
- Identify policy gaps and formulate policies.
- Interpret data and make recommendations based on analysis and specialty area knowledge.
- Document all methods, models, and validation processes clearly and concisely.
- Independently manage smaller projects or components of larger projects.
- Contribute to the development of new analytical tools and techniques.
- Present findings and recommendations to stakeholders.
- Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.
- Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.
- Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.
- Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.
- Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda
- Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities.
- Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
- Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
- Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements.
- Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.
- Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
- Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals.
- Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community.
- Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development.
- Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities.
- Empathetically listens and understands others’ positions before acting on issues; works to amplify voices that are minimized in the workplace
- 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards
As a successful candidate, you’d ideally have the following skills and exposure:
- 2-4 years relevant experience
- Experience in Quantitative Finance, Risk management, Analytics, Model Development or Model Validation is highly preferred.
- Knowledge of data analysis tools and methodologies (e.g., Excel, R, Python).
- Experience in developing and validating risk measurement methods and models is a plus.
- Experience in credit risk analysis, particularly in the development of early warning tools, is desirable.
- Familiarity with industry standards and practices related to credit risk management.
- Experience in data analysis and interpretation.
- Strong analytical and problem-solving skills.
- Excellent communication and diplomacy skills.
- Ability to work independently and as part of a team.
- Proficiency in data analysis and interpretation.
- Ability to identify inconsistencies in data or results and define business issues.
- Ability to formulate recommendations on policies, procedures, or practices.
- Ability to exchange information in a concise and logical way and be sensitive to audience diversity.
- Strong analytical thinking skills and knowledge of data analysis tools and methodologies (e.g., SAS, R, Python).
- Attention to detail and the ability to make informed judgments based on information.
Education
Bachelor's/University degree or equivalent experience
Working at Citi is far more than just a job. A career with us means joining a family 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.
Take the next step in your career, apply for this role at Citi today
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Model Validation------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Data Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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