Climate Risk Model Developer, Citi

Citi

Location:
United States, Irving

Category:
Finance

Contract Type:
Not provided

Salary:

96400.00 - 144600.00 USD / Year

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Job Description:

The Climate Risk Model Developer will develop and implement models to assess the impact of climate change on Citi, its portfolios, activities, and clients. This includes contributing to stress testing methodologies (transitional and physical), focusing on portfolio credit losses, integration of business/net-zero strategies, and impacts on risk ratings.

Job Responsibility:

Develop and implement models to assess the impact of climate change on Citi, its portfolios, activities, and clients
Contribute to stress testing methodologies (transitional and physical), focusing on portfolio credit losses, integration of business/net-zero strategies, and impacts on risk ratings
Develop climate risk models for credit assessment and stress testing, focusing on portfolio credit loss estimations
Translate climate scenarios (regulatory and internal) into quantifiable impacts for stress loss calculations, including probabilities of default, contagion effects, and drivers of tail events
Ensure model traceability and provide clear narratives explaining results
Contribute to model documentation, validation, implementation, and testing
Develop and maintain the modeling infrastructure and library supporting climate risk modeling activities
Communicate complex modeling concepts to stakeholders (senior management, auditors, regulators)
Collaborate with 1st and 2nd Lines of Defense (1LOD/2LOD) to apply climate models to their specific needs
Work with Model Risk Management to ensure that new approaches and methodologies are well-understood and ready for validation
Partner with the Enterprise Scenario team to integrate climate scenarios into the modeling framework
Implement the climate model framework within the existing model development library infrastructure
Support the Enterprise Risk Management team with regulatory and enterprise stress testing activities related to climate models

Requirements:

3-5 years of experience in model development or relevant academic research role, ideally in the financial sector
Hands-on experience in model development and data science
Experience in climate risk, credit risk, industry frameworks, and regulatory stress testing preferred
Ability to apply sophisticated mathematical/analytical techniques to solve real-world problems
Proficient in Python in a Linux environment
Excellent written and verbal communication skills
Strong project management, organizational skills, and ability to manage multiple projects concurrently
Deep understanding of climate change, advanced modeling techniques, model validation, and relevant quantitative methodologies highly desired
Advanced degree in a quantitative field/STEM or equivalent experience

What we offer:

medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Additional Information:

Job Posted:
August 12, 2025

Expiration:
August 18, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Climate Risk Model Developer

Citi

Location:United States, Irving

Category:Finance

Contract Type:Not provided