Regulatory Model Development, Citi

Regulatory Model Development

Citi

Location:
India, Bengaluru ▼
Mumbai

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

This position, within Global Consumer Banking Risk Management at Citi, focuses on developing CCAR/DFAST stress loss models for unsecured portfolios such as Credit Card and Personal Loan. It involves advanced quantitative analytics, regulatory model development, and close collaboration with cross-functional teams.

Job Responsibility:

Develop CCAR/DFAST stress loss models for unsecured portfolios
Obtain and conduct QA/QC on data required for model development
Perform tests including sensitivity and back-testing
Validate/recalibrate models annually
Deliver comprehensive model documentation
Work closely with cross functional teams
Prepare responses/presentations for regulatory agencies on regulatory models built.

Requirements:

Advanced Degree in Statistics, Applied Mathematics, Operations Research, Economics, Quantitative Finance
Strong programming skills in SAS, R, Matlab
Quantitative analytics skills including regression, time series, decision tree, linear/nonlinear optimization
8+ years analytic experience
Experience in performing quantitative analysis, statistical modeling, loss forecasting, loan loss reserve modeling, econometric modeling
Experience in end-to-end modeling process
At least 4 years’ experience in credit scorecard or loss forecasting model development
Experience in working for developed markets (US/international)
Ability to manage work in cross functional teams
Effective communication skills to technical and non-technical audiences
Good understanding of regulatory requirements
Ability to manage projects independently
Mentor/manage junior modelers.

Nice to have:

MBA with interest in quantitative risk management
Good communication skills to communicate technical information verbally and in writing
Ability to manage work in cross functional teams
Mentor junior modelers.

Additional Information:

Job Posted:
August 22, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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