Risk Model Validator, Officer (Hybrid)

Citigroup Inc.; Gurugram District; Hybrid; INR 900,000 - 1,500,000; Full time

Job summary

Citi in Gurgaon, India is seeking a skilled Model Validator to perform validations, reviews, and ongoing monitoring for Low and Medium Model Risk Rating models. You will challenge development teams per risk policy and ensure models stay fit for purpose across the lifecycle.

The role requires 2–5 years in quantitative analysis or risk management, strong communication, and solid statistical knowledge. It offers a hybrid work arrangement with in-office and remote days to support work-life balance.

Qualifications

• 2 to 5 years of relevant experience in quantitative analysis, risk management, or model development.
• Strong written and verbal communication skills, with the ability to present findings clearly and concisely.
• Solid analytical, creative thinking, and problem-solving abilities.
• Meticulous attention to detail when analyzing and documenting results.
• Ability to manage multiple priorities and deliver results under tight deadlines.
• Working knowledge of time series analysis, statistics, and econometrics.
• Bachelor's or university degree, or equivalent experience.

Responsibilities

• Perform model validations, annual model reviews, and ongoing monitoring reviews for Low and Medium Model Risk Rating models within an assigned model or product type.
• Conduct model limitation remediation reviews to ensure validated models continue to meet performance standards.
• Provide effective challenge to model development teams in line with Citi's Model Risk Management Policy.
• Monitor the ongoing performance of validated models to confirm they remain fit for purpose.
• Contribute analysis and documentation to support regulatory and internal audit responses.
• Prepare reports and meeting materials for senior model risk management stakeholders.
• Help design and maintain validation standards, templates, and documentation practices.
• Identify and escalation control issues with transparency to safeguard Citi, its clients, and its assets.

Skills

Quantitative analysis

Risk management

Model validation

Analytical thinking

Communication skills

Time series analysis

Statistics

Econometrics

Prioritization

Education

Bachelor's degree or equivalent

Tools

Python

MATLAB

C

C++

C#

VBA

Job description

Responsibilities

• Perform model validations, annual model reviews, and ongoing monitoring reviews for Low and Medium Model Risk Rating models within an assigned model or product type.
• Conduct model limitation remediation reviews to ensure validated models continue to meet performance standards.
• Provide effective challenge to model development teams in line with Citi's Model Risk Management Policy.
• Monitor the ongoing performance of validated models to confirm they remain fit for purpose.
• Contribute analysis and documentation to support regulatory and internal audit responses.
• Prepare reports and meeting materials for senior model risk management stakeholders.
• Help design and maintain validation standards, templates, and documentation practices.
• Identify and escalation control issues with transparency to safeguard Citi, its clients, and its assets.

Required Qualifications & Skills

• 2 to 5 years of relevant experience in quantitative analysis, risk management, or model development.
• Strong written and verbal communication skills, with the ability to present findings clearly and concisely.
• Solid analytical, creative thinking, and problem-solving abilities.
• Meticulous attention to detail when analyzing and documenting results.
• Ability to manage multiple priorities and deliver results under tight deadlines.
• Working knowledge of time series analysis, statistics, and econometrics.
• Bachelor's or university degree, or equivalent experience.

Beneficial Skills & Qualifications

• Background in Quantitative Finance, Risk Management, Analytics, Model Development, or Model Validation.
• Programming experience in Python, MATLAB, C, C++, C#, or VBA.
• Experience developing or validating risk measurement methods and models.
• Exposure to credit risk analysis, particularly early warning tool development.

What We Offer

Join a global model risk function where your analysis directly shapes how Citi measures and manages risk across the business.

• Work in a hybrid model with 3 days in the office and 2 days working remotely each week.
• Gain exposure to a wide range of model types and risk categories across a global institution.
• Build technical and analytical expertise through structured learning and development opportunities.
• Collaborate with experienced validation leads and model risk professionals on high-impact reviews.
• Access resources supporting financial wellbeing and work-life balance.

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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