• Citygroup
  • $71,830.00 -127,920.00/year*
  • New York , NY
  • Advertising/Marketing/Public Relations
  • Full-Time
  • 411 Grand St


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Description


About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi s Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the public s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Responsibilities:

We are looking for model risk manager and validator for validating Risk models, which includes Credit Risk, Structured Risk, Operational Risk, Liquidity Risk, Insurance and Pension models for assessing the adequacy of risk capital and estimated losses for regulatory or business requirements.

Our rigorous validations include the technical assessment of adequacy of the modeling data and assumptions, conceptual soundness and mathematical formulation, and model performance, as well as the assessment of using the model for regulatory and business applications. Responsibilities of this position include performing validation tests, discussing findings with internal and external stakeholders, writing validation reports, and managing model risk.


Qualifications


  • Minimum of Master s degree in a quantitative field (physics, mathematics, statistics, finance, economics, computer science, etc.) with 3+ years of relevant experience

  • Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second Master s degree, CPA or CFA

  • Sound knowledge of Calculus, Numerical Analysis, Statistics, and Linear Algebra.

  • Strong communication and writing skills.

  • Knowledge of financial products, risk management, Basel/CCAR regulatory requirements.

  • Ability to work independently as well as collaborate with colleagues

  • Solid writing skills. Publications in peer-reviewed journals are considered as good evidence.

  • Programming skills: SAS, SQL, R, Python, C/C++, Matlab, Java, Oracle.

  • Curiosity, diligence, and a healthy skepticism about received wisdom are all desirable.

  • Team work and commitment a must.




  • * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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