Risk Model Validation, Officer (Hybrid)

Citi; Mumbai; Hybrid; INR 1,200,000 - 2,400,000; Full time

Benefits offered by this job

Hybrid work arrangement

Global collaboration opportunities

Learning & development opportunities

Financial wellbeing programs

Job summary

Citi in Mumbai seeks a Risk Model Validation Officer to independently assess and challenge credit, market, and operational risk models, performing validations, annual reviews, and continuous monitoring under a Validation Lead.

The role emphasizes governance, rigorous analysis, and collaboration with global risk teams in a hybrid work setting to advance Citi's risk management framework.

Qualifications

• 4–7 years of relevant experience in risk analytics or related quantitative field.

Responsibilities

• Perform model validations, annual reviews, and ongoing monitoring for assigned models.
• Challenge model development approaches and assumptions to meet risk management standards.
• Track remediation progress and verify corrective actions are implemented.
• Evaluate ongoing performance of validated models.
• Prepare validation reports for senior stakeholders.
• Help shape validation standards, templates, and best-practice documentation.

Skills

Analytical thinking

Clear communication

Problem solving

Attention to detail

Time management

Model risk understanding

Education

Master's degree in quantitative discipline

Tools

Python

Job description

As a Risk Model Validation Officer, you will independently assess and challenge credit, market, and operational risk models to strengthen Citi's risk management framework. You will perform model validations, annual reviews, and ongoing monitoring for assigned model and product types, working closely with a Validation Lead to ensure models meet rigorous performance and governance standards. This role gives you direct influence over how Citi measures and manages financial risk across the organization.

Responsibilities

• Perform model validations, annual model reviews, and ongoing monitoring reviews for low and medium risk-rated models within your assigned product area.
• Challenge model development approaches and assumptions to confirm models meet Citi's model risk management standards.
• Track model limitation remediation progress and verify that corrective actions are properly implemented.
• Evaluate the ongoing performance of validated models to confirm they continue to perform as intended.
• Contribute analysis and documentation to support regulatory exams and internal audit reviews.
• Prepare validation reports and materials for review by senior model risk management stakeholders.
• Help shape validation standards, templates, and best-practice documentation used across the model validation function.
• Identify and escal ...

Required Qualifications & Skills

• You bring 4-7 years of relevant experience in risk, analytics, or a related quantitative field.
• You communicate findings clearly in written reports and verbal discussions.
• You apply strong analytical and creative problem-solving skills to complex risk questions.
• You document analysis and results with precision and attention to detail.
• You manage multiple priorities and deliver accurate results under tight deadlines.
• You use Python or similar programming languages to support model analysis and testing.
• You hold a Master's degree or equivalent experience in a quantitative discipline.

Beneficial Skills & Qualifications

• You have experience developing or validating risk measurement models.
• You have worked on credit risk analysis or early warning tools that monitor corporate or consumer risk.
• You apply knowledge of time series analysis, statistics, and econometrics to real-world data problems.
• You have interpreted data to identify inconsistencies and define clear business issues.

What We Offer

Join a model validation function that shapes how one of the world's largest financial institutions identifies and manages risk. In this role, your analysis directly informs governance decisions that protect Citi and its clients.

• Work in a hybrid arrangement with 3 days in the office and 2 days working remotely.
• Build deep technical expertise in model validation across credit, market, and operational risk.
• Collaborate with risk teams across a global organization, expanding your professional network.
• Access ongoing learning and development opportunities to grow your analytics and risk management career.
• Benefit from financial wellbeing programs and resources that support your long-term goals.

Job Family Group

Risk Management

Job Family

Model Validation

Time Type

Full time

Most Relevant Skills

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

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