Model/Anlys/Valid Analyst II, Citi

Citi

Location:
India, Mumbai

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Responsible for managing and governing credit loss forecasting models and decision models across Asia and Europe. Includes compliance with regulations, effective challenge of methodologies, coordination with global teams for model runs, and overall risk management processes.

Job Responsibility:

Responsible for Consumer Retail Credit Loss Forecasting Models as well as decision models Oversight and Governance in Asia and European countries
Ensure compliance of applicable policies and regulatory requirements pertaining to model development, validation, usage and on-going performance assessment
Participate in model development calls between sponsor and modeler, exercise effective challenge for assumptions, risk drivers, methodologies and results to ensure models satisfy the functional requirements
Provide guidance and technical advice to countries on model related methodological issues and strategic use to achieve the business control and profitability goals
Present complex modeling concepts to non-technical audiences
Ensure appropriate Champion/Challenger/Benchmark loss forecasting models/methodologies are in place
Work with stakeholders to ensure annual model development/enhancement plan to address model issues
Coordinate and review all model documentations
Ensure timely submission of model inputs for periodic runs
Coordinate with Global Model Production Team for regulatory timeline runs
Support logistics for CCAR/CECL/Annual Loss Forecasting submissions
Provide effective challenge to model run results for regulatory stress testing and business credit objectives
Support setting up standards and workflows for control and compliance in regulatory submissions such as CCAR, ICAAP, CECL, IFRS9
Perform model governance self-assessment and set corrective action plans as needed
Review and implement changes to Model Risk Management and CCAR/CECL policies and procedures
Prepare and review meeting minutes for audit purposes

Requirements:

University degree in Economics or Statistics
At least 2-5 years experience in scoring / risk segmentation / loss forecasting model management, model oversight role with solid consumer risk management / decision models experience for all consumer loan products
Strong common sense and judgment in applying the policies and procedures to specific situations
Ability to work effectively under pressure
Solid work experience in handling analysis and presentation of complex financing portfolios
Strong in process management and control concepts
Proactive and problem solving
Disciplined, self-motivated, independent, mature and willing to work overtime as occasional evening conference calls with Global Office and other Asia and European countries are expected
Good verbal, written and interpersonal communication skills in liaising with global model development team and country risk teams at all levels
Strong computer skills particularly in Excel/PowerPoint/SAS/Answer Tree, etc. and prepare presentation decks
Occasional travel across the region may be required

Additional Information:

Job Posted:
May 15, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Model/Anlys/Valid Analyst II