Mr M - Balance And Loss Forecasting Analyst Job at Citi (Mumbai)

Job Description

The Risk Analytics, Modeling and Validation role involves the development, enhancement, and validation of methods for measuring and analyzing all types of risks, including market, credit, and operational. In areas related to credit risk, individuals in this role develop, enhance, and validate models for measuring obligor credit risk, or early warning tools that monitor the credit risk of corporate or consumer customers, besides being involved in Loss Given Default studies. They also develop and maintain key risk parameters like default and rating migration data, usage given default data and transition matrices. This role is vital to the company as it provides a scientific and systematic approach to assessing and mitigating risks, thereby ensuring the company's financial stability, protecting its assets, and supporting its overall business strategy.

Job Responsibility

Oversee a portfolio (e.g., Commodities business models) of model types / product types for a specific business area Perform model validations, annual model reviews, ongoing monitoring reviews (on Low, Medium and High Model Risk Rating (MRR) models), model limitation remediation reviews, Supervisory and Peer Reviews across the specific portfolio
Ensure accuracy of validations performed by Validators covering the VL's specific portfolio Provide effective challenge to the model development process on Low / Medium / High MRR models in accordance with the Citi Model Risk Management Policy
Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency
Communicates results to diverse audiences
Conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards
Identifies modeling opportunities that yield measurable business results
Manages stakeholder interaction with model developers and business owners during the model life-cycle
Presents model validation findings to senior management and supervisory authorities
Is an enthusiastic and early adopter of change
takes ownership for helping others see a better future and stay positive during uncertainty
Demonstrates and inspires curiosity in seeking new ways to overcome challenges
actively applies learning from failures
Challenges self and others to seek out and communicate alternative views even when unpopular
welcomes diverse ideas to improve outcomes
Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization
Proactively seeks to understand and act in alignment with organizational decisions
helps others prioritize team and enterprise success over their own personal agenda
Focuses on highest-priority work aligned to business goals
helps others effectively manage competing priorities
Proactively identifies opportunities to streamline work
creates process improvements that enhance efficiency for self and the team
Takes personal accountability for escalating, identifying, and managing potential risk
implements controls that enhance the client experience and operational effectiveness
Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements
Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals
Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals
Proactively seeks out opportunities to volunteer in Citi programs that support the community
advocates for solutions that meet the needs of Citi's clients and the community
Enthusiastically promotes the unique needs and preferences of colleagues
makes active commitment to help colleagues achieve balance, well-being, and development
Leverages varied networks to recruit diverse talent
advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities
Empathetically listens and understands others' positions before acting on issues
works to amplify voices that are minimized in the workplace
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency

Requirements

6-10 years of experience
Proficient in Microsoft Office with an emphasis on MS Excel
Clear and concise written and verbal communication skills
Self-motivated and detail oriented
Demonstrated project management and organizational skills and capability to handle multiple projects at one time
Practical experience using SAS or other mathematical coding software to build and test models
Comfortable interfacing with business clients and handling very large data sets
Experience in a quantitative role in risk management at a financial institution with experience in either model development or validation
Good knowledge and understanding of a variety of model development and validation testing techniques covering relevant portfolio of models
Programming skills in languages like Python, MATLAB, C/C++/C#, VBA or other coding language as need
Extensive knowledge of financial markets and products
Familiarity with regulatory requirements related to various model types and risk management
Programming skills in languages like Python, MATLAB, C/C++/C#, VBA or other coding language as need
Strong technical skills such as solid knowledge of time series analysis, statistics and econometrics
Extensive experience in data analysis and interpretation and technical writing
Excellent analytical and problem-solving skills
Strong communication and interpersonal skills
Ability to manage complex and variable issues with substantial potential impact
Proficient in data analysis and interpretation
Strong team management skills
Ability to balance potentially conflicting needs and make informed decisions
Project management skills, with the ability to manage multiple tasks and deadlines
Proficiency in data analysis and interpretation
Ability to identify inconsistencies in data or results and define business issues
Ability to formulate recommendations on policies, procedures, or practices
Bachelor's/University degree, Master's degree preferred

What we offer

access to telehealth options
health advocates
confidential counseling
expanded Paid Parental Leave Policy
access to an array of learning and development resources
generous paid time off packages

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Mr M - Balance And Loss Forecasting Analyst

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