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Citibank, N.A. seeks a Model/Analysis/Validation Officer for its Tampa, Florida location. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.
Job Responsibility:
Develop, enhance, and validate risk measuring and analyzing models and related methods
Monitor model performance on a quarterly basis, and interpret and explain any large variations in quarter-over-quarter model outputs
Review model limitations and assess their impacts on the model performance
Conduct annual review of the models and revalidate the Commercial Real Estate, Basel, and IFRS9 models
Develop and implement model and related tests that assess soundness of the modelling approaches, check appropriateness of the model assumptions, identify potential model weakness, and evaluate reasonableness of the model outcomes
Automate the processes of data analysis, scenario analysis, and documentation of monitoring reports to enhance work efficiency and effectiveness
Support various tasks associated with regulatory and internal risk management requirements
Develop, maintain and enhance technical documentation including project plans, model descriptions, mathematical derivations, data analysis, and process and quality controls
Develop financial credit risk models for business usage and to fulfill regulatory request
Requirements:
Master’s degree, or foreign equivalent, in Statistics, Economics, Applied Economics, Mathematics, Finance, Engineering, or related field and 3 years of experience as a Model/Analysis/Validation Senior Analyst, Graduate Assistant or related position involving risk model performance analysis, validation, and development
Alternatively, employer will accept a Bachelor’s degree in the stated fields and 5 years of progressive, post-baccalaureate experience
Full span of experience must include: Using Python, R, SAS and SQL to write scripts for data collection and data analysis
Development and application of statistical and econometric models, including panel and time series regression and related forecasting methods
Conducting model testing and on-going monitoring of reports
Reviewing assumptions and assessing adequacy
Assessing risks related to data issues and handling of large datasets
and Addressing practical issues in finance, including derivative valuation and risk management using mathematical statistical techniques
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
discretionary and formulaic incentive and retention awards