Model/Analysis/Validation Senior Officer I, Citi

Citi

Location:
United States, Long Island City, New York

Category:
Finance

Contract Type:
Employment contract

Salary:

207387.54 - 222432.75 USD / Year

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Job Description:

Citibank, N.A. seeks a Model/Analysis/Validation Senior Officer I for its Long Island City, NY location. Duties include validating credit risk models, assessing modeling assumptions, applying stress-testing models, and reviewing model risk mitigation plans. The position requires a master’s degree in a related field and two years of relevant experience, with skills in programming languages such as SAS, R, Python, MATLAB, and C++.

Job Responsibility:

Validate credit risk models using statistical/mathematical techniques and economic/financial theories
Assess the adequacy and relevancy of modeling data
Assess and test modeling assumptions to ensure inherent model assumption is aligned with model methodology theory: including OLS regression, Survival analysis, Time-Series, and Monte Carlo simulation
Evaluate conceptual soundness and mathematical formulation
Apply stress-testing models in the credit risk area based on macroeconomic knowledge
Assess and evaluate the impact of macroeconomic scenarios on the bank’s portfolio
Test the sensitivity of credit risk models to macroeconomic conditions
Evaluate the impact from macroeconomic variables on the converseness of capital planning
Document validation outcome in detail in accordance with Model Risk Management Policies and Procedures
Propose a remediation plan for model limitations identified in the validation process and agree on a suitable timeframe with stakeholders
Review and assess evidence and accept or challenge proposals to close action items for model risk mitigation
Perform ongoing model monitoring process following Model Risk Management Policy

Requirements:

Master’s degree, or foreign equivalent, in Statistics, Mathematics, Finance, Economics, or a related field, and two (2) years of experience in the job offered or in a related quantitative occupation
Two (2) years of experience must include: Validating mathematical and statistical models used for stress testing, regulatory reporting and risk management purposes
Testing sensitivity of credit risk models to macroeconomic risk drivers
Advanced programming using different programming languages, statistical tools and software including SAS, R, Python, MATLAB, and C++
Performing data analysis and quantitative/statistical tests using statistical tools including SAS/R
Conducting large-scale portfolio loss simulations and tests on the model performance using C++
Processing data and performing regression-based analysis using Python/R
Programming numerical/closed-form models and calculations into MATLAB and implementing quantitative tests to verify model behavior

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:
May 30, 2025

Expiration:
July 25, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Model/Analysis/Validation Senior Officer I

Citi

Location:United States, Long Island City, New York

Category:Finance

Contract Type:Employment contract