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AVP- Model Oversight & Model Maintenance

https://www.citi.com/ Logo

Citi

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Location:
India, Mumbai

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Category:
Finance

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Contract Type:
Employment contract

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Salary:

Not provided

Job Description:

This role involves overseeing model maintenance and governance to ensure compliance with Model Risk Management (MRM) guidelines. Key responsibilities include maintaining model documentation, conducting performance assessments, and developing risk measurement methods. The ideal candidate should have experience in FP&A processes, financial forecasting systems, and financial reporting tools and possess strong project management and communication skills.

Job Responsibility:

  • Oversee model maintenance activities to ensure compliance with Model Risk Management (MRM) guidelines and deadlines
  • track model inventory
  • coordinate across corporate teams, model risk management teams, transformation teams, and FP&A teams to provide status updates and respond to model related requests
  • maintain model documentation throughout the model lifecycle
  • update inventory tracker for new models and changes in existing models
  • monitor due dates and ensure alignment with model sponsors and MRM teams
  • partner with FP&A teams to conduct Annual Model review and Ongoing Performance Assessments
  • review the Ongoing monitoring results to identify potential model fatigue
  • prepare and submit model documentation in approved MRM templates within iMRMS
  • respond to MRM queries to ensure documentation approval by deadlines
  • build strong relationships with stakeholders across MRM, FP&A, FTO, and Transformation teams
  • develop, enhance, and validate risk measurement and analysis methods across market, credit, and operational risk types
  • conduct data mining, validate data quality, and address issues collaboratively with Technology teams
  • prepare statistical and non-statistical reports, explore data trends, and create formal documentation
  • validate assumptions and identify risks in methodologies and processes
  • automate data preprocessing and perform ad hoc analyses
  • deliver data-driven recommendations addressing business needs
  • manage and report control issues effectively and ethically

Requirements:

  • 5+ years of experience with good understanding of FP&A processes and management reporting
  • professional degree equivalent to CA/MBA
  • proficient in Microsoft Office with an emphasis on MS Excel
  • knowledge with financial forecasting systems
  • knowledge of Tableau, Knime and Python would be preferred
  • experience of working with financial data and knowledge of financial reporting tools
  • 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
  • willing to work afternoon shifts, 1 pm to 10 pm

Nice to have:

knowledge of Tableau, Knime and Python

Additional Information:

Job Posted:
May 01, 2025

Employment Type:
Fulltime
Work Type:
On-site work
Job Link Share:
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