Model Validation 2nd LOD, Analyst

Citigroup; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Citi’s Risk Management team in Mumbai, India seeks a Model Validation 2nd LOD Analyst to enhance and validate risk measurement methods. This role involves independent validation of credit risk models, data analysis for Loss Given Default studies, and development of new analytical tools.

You will report to the 2nd Line of Defense, collaborating with stakeholders to improve risk practices. The position emphasizes documentation, project management, and proactive participation in change initiatives,

Qualifications

• Experience in validating risk models and early warning tools.
• Familiarity with Loss Given Default studies is a plus.
• Ability to interpret data and document methods clearly.

Responsibilities

• Enhance and validate methods for measuring market, credit, and operational risks.
• Validate models for measuring obligor credit risk and early warning tools.
• Participate in Loss Given Default studies and contribute to model development.
• Validate scoring models and related policies; maintain key risk parameters.
• Document all methods, models, and validation processes clearly.

Skills

Model Validation

Risk Analytics

Credit Risk

Data Analysis

Tools

Python

SAS

Job description

Citi's Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front-line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

We're currently looking for a high caliber professional to join our team as Model Validation 2nd LOD, Analyst (Internal Job Title): Model Validation 2nd LOD, Analyst (C10) based in Mumbai, India.

Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decisions and manage your financial well-being to help plan for your future. For instance:

Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That's why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

We empower our employees to manage their financial well-being and help them plan for the future.

Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

This role focuses on enhancing and validating methods for measuring and analyzing market, credit, and operational risks. Key responsibilities include validating credit risk models and early warning tools, conducting data analysis for Loss Given Default studies, and strategically using scoring models. The position involves independently maintaining critical risk parameters, identifying and formulating policies, interpreting data to make recommendations, and clearly documenting all processes. The individual will also manage projects, contribute to new analytical tool development, and present findings and recommendations to stakeholders.

In this role, you're expected to:

• Enhance and validate methods for measuring and analyzing market, credit, and operational risks.
• Validate models for measuring obligor credit risk and early warning tools for corporate or consumer credit risk.
• Participate in Loss Given Default studies, conducting data analysis and contributing to model development.
• Validate, and strategically use scoring models and related policies.
• Maintain key risk parameters, including default and rating migration data, usage given default data, and transition matrices.
• Identify policy gaps and formulate policies.
• Interpret data and make recommendations based on analysis and specialty area knowledge.
• Document all methods, models, and validation processes clearly and concisely.
• Independently manage smaller projects or components of larger projects.
• Contribute to the development of new analytical tools and techniques.
• Present findings and recommendations to stakeholders.
• 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 applied 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