Regulatory Risk Model Development - RMS - Senior Vice President

Citigroup Inc.; Mumbai; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

Citigroup Inc. is seeking a senior leader in Model Development and Analytics to manage complex risk disciplines across markets, credit, and operations. You will direct a team, oversee budgets, and drive end-to-end model implementations in collaboration with risk and decision management.

The role requires in-depth business insight, strong communication with senior management, and a track record of delivering actionable insights from large data sets.

Qualifications

• 13+ years of experience in risk analytics and management.
• Strong statistical modeling knowledge and best practices.
• Proficiency with SAS, SQL, R; UNIX environment.
• Excellent presentation and executive communication skills.
• Experience with Big Data environments.
• Bachelor’s or Master’s degree in a related field.

Responsibilities

• Develops, enhances, and validates methods of measuring risk across market, credit, and operational risk.
• Oversees model development, validation, and deployment.
• Advances risk management methodology and integrates models into business decisions.
• Generates annual quantitative and qualitative assessments and submissions.
• Works with large datasets and complex algorithms to solve data science challenges.
• Ensures model performance tracking and process automation where possible.
• Ensures compliance with internal and external guidelines.
• Trains and mentors junior modelers.

Skills

Analytical Thinking

Credible Challenge

Data Analysis

Governance

Risk Management Lifecycle

Presentation skills

Stakeholder management

Communication

Education

Bachelor’s degree

Masters degree (advantage)

Tools

SAS

SQL

R

C Programming in UNIX

Job description

The Model/Anlys/Valid Group Mgr is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity. Generally accountable for delivery of a full range of services to one or more businesses/ geographic regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication may be necessary. Accountable for the end results of an area. Exercises control over resources, policy formulation and planning. Primarily affects a sub-function. Involved in short- to medium-term planning of actions and resources for own area.

Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.

Responsibilities:

• Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational. Also, may develop, validate and strategize uses of scoring models and scoring model related policies.
• Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.
• Develop models and oversee model development, validation, and deployment efforts.
• Advances Risk Management methodology and integrate models into business decisions and planning.
• Manage successful annual quantitative and qualitative assessments and submissions.
• Works with large datasets and complex algorithms to solve data science challenges.
• Leverages big data to develop innovative deployable solutions.
• Help introduce best-in-class, cutting edge Model techniques to drive profitability through innovation.
• Ensures timely model performance tracking, and assist in process automation to drastically improve process/operation efficiencies (where possible) that will enable the business to make rapid decisions against market condition changes
• Ensures the compliance of development and validation of models with respect to internal and external guidelines.
• Supports the development of training curriculum and standards
• Partners with Risk and Decision Management organizations to understand the source of new data and continue to improve the process of defining, extracting and utilizing the new data
• Interacts with senior levels of management to facilitate understanding of usage of risk models and inform critical decisions.
• Provide leadership and guidance for junior modelers.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 13+ years experience
• Sound knowledge of statistical modeling concepts and industry best practices; experience with econometric and statistical modeling or application risk scoring.
• Excellent quantitative and analytic skills; ability to derive patterns, trends and insights, and perform risk/reward trade-off analysis.
• Experience with analytical or data manipulation tools (e.g. SAS, SQL, R, C Programming in UNIX) Proficient with MS Office suite.
• Ability to deliver compelling presentations and influence executive audiences.
• Excellent communicator; ability to engage and inspire team forward.
• Ability to drive innovation via thought leadership while maintaining end-to-end view.
• Effective cross-functional project, resource, and stakeholder management; effectively engage with internal audit and external regulators.
• Experience working in Big data environments; Intellectual curiosity to stay abreast of technological advances.

Education:

• Bachelor’s/University degree or equivalent experience, potentially Masters degree

Job Family Group: Risk Management

Job Family: Model Development and Analytics

Time Type: Full time

Most Relevant Skills: Analytical Thinking, Credible Challenge, Data Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

------------------------------------------------------

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.