Senior Vice President - Internal Audit, Citi

Citi

Location:
India, Mumbai

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

The Senior Vice President - Internal Audit | Model Risk incumbent will be responsible for leading and executing audit engagements related to model risk management across various business lines and functions within Citibank. This role requires a deep understanding of quantitative models, model development lifecycles, validation methodologies, governance frameworks, and relevant regulatory requirements. The successful candidate will provide independent assurance on model risk controls to ensure that model risks are appropriately identified, assessed, and managed, contributing significantly to the bank's overall risk posture.

Job Responsibility:

Plan, lead, and execute complex internal audits focused on model risk related controls across diverse model types
identify and assess key risks and controls related to the end-to-end model lifecycle, including data quality, model methodology, conceptual soundness, model output accuracy, and usage
evaluate adherence to internal policies, industry best practices, and regulatory requirements
design and perform testing of controls within the model risk management framework, identifying control weaknesses, process inefficiencies, and areas for improvement
manage stakeholders up to Managing Director level
prepare comprehensive, high-quality audit reports and other deliverables
monitor the timely and effective remediation of audit issues and recommendations
provide subject matter expertise and guidance to the internal audit team on model risk-related topics
stay abreast of emerging trends, regulatory changes, and industry developments in model risk, quantitative finance, and internal audit practices
guide and mentor junior audit staff, fostering their development in model risk and audit methodologies.

Requirements:

Minimum 12+ years of experience in internal audit, model risk management, model validation, quantitative risk management, or a similar analytical role within the financial services industry
proven experience with a strong understanding of various types of financial models and their applications (e.g., pricing, risk capital, ALM, stress testing, CCAR/DFAST, machine learning models)
experience working in a complex, global financial institution is a significant plus
experience leading and building teams
experience managing stakeholders up to Managing Director level
certifications (Preferred): Professional certifications such as CFA, FRM (Financial Risk Manager), PRM (Professional Risk Manager), CIA (Certified Internal Auditor), or CPA
strong foundational knowledge of quantitative methods, statistical modelling, probability theory, and numerical techniques
proficiency in statistical software packages (e.g., SAS, R, Python, MATLAB) and data analysis tools
familiarity with database querying languages (e.g., SQL)
understanding of model governance frameworks, model development lifecycle, and validation best practices
knowledge of various modelling techniques (e.g., regression, time series, machine learning algorithms)
solid understanding of internal audit methodologies, risk-based auditing, and control frameworks (e.g., COSO)
ability to critically analyse complex quantitative issues and identify underlying risks
excellent written and verbal communication skills, with the ability to articulate complex quantitative concepts and audit findings to both technical and non-technical audiences
strong interpersonal skills and the ability to build effective relationships with stakeholders at all levels
demonstrated ability to work independently, manage multiple priorities, and deliver high-quality results in a fast-paced environment
proven leadership skills, including the ability to influence and guide team members
high degree of integrity, professionalism, and ethical conduct.

Nice to have:

certifications such as CFA
FRM
PRM
CIA
CPA

What we offer:

expanded Paid Parental Leave Policy
programs to help employees balance work and life, including generous paid time off packages
resources to manage financial well-being and plan for the future.

Additional Information:

Job Posted:
August 13, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Senior Vice President - Internal Audit