Risk Model Validation, Officer (Hybrid)

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

Job summary

Citi is seeking a Risk Model Validation Officer to independently assess and challenge credit, market, and operational risk models. You will perform validations, annual reviews, and ongoing monitoring, collaborating with a Validation Lead to ensure governance standards are met.

This role offers a hybrid work setup with three days in-office and two days remote. Ideal candidates have 4–7 years in risk analytics, strong communication, and proficiency in Python.

Qualifications

• 4-7 years of relevant experience in risk, analytics, or a related quantitative field.
• Strong written communication skills in reports and verbal discussions.
• Strong analytical and creative problem-solving skills to complex risk questions.
• Document analysis and results with precision and attention to detail.
• Manage multiple priorities and deliver accurate results under tight deadlines.
• Use Python or similar programming languages to support model analysis and testing.
• Hold a Master's degree or equivalent experience in a quantitative discipline.

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 elevate control issues with transparency to safeguard Citi's assets, clients, and reputation.

Skills

Analytical thinking

Credible challenge

Data analysis

Governance

Regulation

Risk management lifecycle

Education

Master's degree in a 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 elevate control issues with transparency to safeguard Citi's assets, clients, and reputation.

Required Qualifications & Skills

• 4-7 years of relevant experience in risk, analytics, or a related quantitative field.
• Strong written communication skills in reports and verbal discussions.
• Strong analytical and creative problem-solving skills to complex risk questions.
• Document analysis and results with precision and attention to detail.
• Manage multiple priorities and deliver accurate results under tight deadlines.
• Use Python or similar programming languages to support model analysis and testing.
• Hold a Master's degree or equivalent experience in a quantitative discipline.

Beneficial Skills & Qualifications

• Experience developing or validating risk measurement models.
• Experience on credit risk analysis or early warning tools that monitor corporate or consumer risk.
• Knowledge of time series analysis, statistics, and econometrics to real-world data problems.
• Interpret 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.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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.

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