Risk Model Development Analyst II, Citi

Citi

Location:
India, Mumbai

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The Model/Anlys/Valid Analyst II is a developing professional role. Applies specialty area knowledge in monitoring, assessing, analyzing and/or evaluating processes and data. Identifies policy gaps and formulates policies. Interprets data and makes recommendations. Researches and interprets factual information. Identifies inconsistencies in data or results, defines business issues and formulates recommendations on policies, procedures or practices. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards.

Job Responsibility:

Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational
Leads project in terms of development, programming, integration, testing, and validation of models
Provides analytical support on analysis and benchmarking
Prepares business as usual and ad-hoc reports in accordance with the Risk Management Teams priorities and requirements, running integrity checks on the reports and checking key numbers from other independently created reports
Participates in a project of constant improvement of risk analytics, modeling and validation systems and optimization of reports
Works on constant improvement of reporting system and optimization of Credit MIS Reports
Build Risk Models using traditional and Machine Learning techniques
Develop these models in compliance with the Risk modeling policies and procedures
Leverage a variety of technologies such as SAS, R, Python, H2O, Spark, and more to extract the value out of the data
Deliver on all phases of development, from design through training, testing, validation, and implementation
Work with Technology, Risk policy and Governance teams to deliver decision risk models in the market
Practice your presentation and articulation skills to translate the complexity of your work to all types of audience
Monitor strategies built by the Risk/Strategy team in accordance with the Risk modeling policies and procedures
Talk to policy teams to get their inputs to ensure MRM’s guidelines are met

Requirements:

Demonstrated programming (SAS, SQL, R, etc.)
Knowledge of tools like VBA preferable
Basic knowledge of secured/unsecured banking products and US banking
Good communication skill to communicate technical information verbally and in writing to both technical and non-technical audiences
Proven analytical skills, with the ability to identify root causes and trends and anticipate horizon issues
Proficient in Microsoft Office (Word, Excel, and PowerPoint)
0-2 years experience in model implementation/validation/development preferable
Bachelor’s/University degree or equivalent experience
3+ years’ experience in Risk Modeling or PhD degree in statistics, economics, or equivalent experience
Sound knowledge of statistical modeling concepts and industry best practices
experience with econometric and statistical modeling or risk models
Excellent quantitative and analytic skills
ability to derive patterns, trends, and insights
Experience with analytical or data manipulation tools (e.g. SAS, SQL, R, Python, Spark)
Proficient with MS Office suite
Consistently demonstrates clear and concise written and verbal communication skills
Self-motivated and detail oriented
Experience working in Big data environments
Intellectual curiosity to stay abreast of technological advances

Nice to have:

Curious –challenges status quo, questions what they see and looks for answers when something is not intuitive
Has attention to details – knows when something does not add up and is not right
Has ability to communicate results to diverse audiences

Additional Information:

Job Posted:
July 29, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Risk Model Development Analyst II