Model Validation 2nd LOD Lead Analyst, Citi

Citi

Location:
United States, Tampa

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

This position involves validating credit risk models, managing model risk, performing data analysis and statistical tests, and presenting findings to stakeholders and regulatory agencies. Candidates must have strong quantitative analysis skills and experience in model validation within the financial services industry.

Job Responsibility:

Validate credit risk models using statistical/mathematical tools and economic/finance theories
Manage model risk across the model life-cycle including model validation, ongoing performance evaluation, and annual model reviews
Provide effective challenge to model assumptions, mathematical formulation, and implementation
Test model assumptions and assess model performance
Assess adequacy and relevancy related to modeling data
Assess and evaluate impact of macroeconomic scenarios on bank’s credit portfolio
Design and execute quantitative and statistical testing on model framework and performance
Perform data analysis and quantitative/statistical tests using statistical tools
Document model validation outcomes, monitor model performance, and execute independent challenges and assessments in accordance with Model Risk Management Policies and Procedures
Conduct analysis and package its process and finding into detailed technical documentation report for validation purposes, meeting regulatory guidelines and exceeding industry standards
Manage stakeholder interaction with model developers and business owners during the model life-cycle
Represent the bank in interactions with regulatory agencies, as required
Present model validation findings to senior management and supervisory authorities
Assess and quantify risk associated with the model due to model limitations, and inform stakeholders of the risk profile and advise on development of compensating controls
Contribute to strategic, cross-functional initiatives within the model risk organization
Provide guidance to junior validators as necessary

Requirements:

Master’s degree in Statistics, Mathematics, Applied Mathematics, Computer Science, Electronics Engineering, or related quantitative field
2 years of experience as a Model/Analysis/Validation Senior Analyst, Model Developer, Risk Analyst, or related position involving model development, validation and performance control in support of risk management for a global financial services industry
Validating mathematical and/or statistical models used for stress testing, regulatory reporting and other risk management purposes, including Derivatives Pricing, Monte Carlo Simulation, Ordinary Least Square Regression, Time Series Analysis, Logistic Regression, or Classification, and evaluating conceptual soundness of the model and mathematical formulation
Assessment of adequacy and relevancy related to modeling data, and assessing model performance under different specifications and scenarios, and testing sensitivity of credit risk models to macroeconomic risk drivers
Using advanced statistical and mathematical knowledge for model assumption testing and model performance assessment under different specifications and scenarios
Using model development process and testing techniques for evaluation of related documentation
Economic research for macroeconomic scenarios analysis and testing of model sensitivity to projected economic and market movements
Performing data analysis and executing quantitative/statistical tests using SAS/R, including Statistical Diagnostic Test, Sensitivity Analysis, Scenario Analysis, Stress Testing, Benchmarking, Backtesting, and Impact Analysis
Conducting portfolio loss simulations and tests on the model convergence and performance using C++ and/or Python
Assessing models in accordance with regulatory requirements on banking system, including capital requirement (Basel), Loan Loss Reserve/Impairment estimation (CECL/IFRS9), and regulatory stress testing (Dodd-Frank Act Stress Tests (DFAST), Comprehensive Capital Analysis and Review (CCAR), and Internal Capital Adequacy Assessment Process (ICAAP))

What we offer:

Medical, dental and 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:
September 11, 2025

Expiration:
October 28, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Model Validation 2nd LOD Lead Analyst

Citi

Location:United States, Tampa

Category:Finance

Contract Type:Employment contract