Risk Model Validator, Officer (Hybrid)

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

Benefits offered by this job

Hybrid work model (3 days in-office /

Job summary

Citi is hiring a Risk Model Validator in India (Haryana) to independently assess and challenge models used to measure market, credit, and operational risk. The role collaborates with a Validation Lead to deliver rigorous, evidence-based reviews that strengthen Citi's risk framework.

You will validate obligor credit risk models, early warning tools, and Loss Given Default studies while maintaining documentation and governance across the function. The position offers a hybrid work pattern.

Qualifications

• 2 to 5 years of quantitative analysis, risk management, or model development.
• Strong written and verbal communication to present findings clearly.
• Analytical thinking with meticulous attention to detail.
• Ability to manage multiple priorities under tight deadlines.
• Experience with time series, statistics, and econometrics.
• Bachelor’s degree or equivalent experience in a quantitative field.

Responsibilities

• Perform validations and annual reviews for Low/Medium Model Risk Rating models.
• Conduct model limitation remediation to ensure performance standards.
• Challenge model development teams and document findings clearly.
• Monitor validated models to ensure ongoing fitness for purpose.
• Prepare reports for senior model risk management stakeholders.
• Assist in design of validation standards and documentation practices.
• Identify control issues and support regulatory responses.

Skills

Model Validation

Risk Analysis

Time Series

Econometrics

Python

MATLAB

C/C++

Communication

Education

Bachelor's degree in a quantitative field

Tools

Python

MATLAB

C/C++

VBA

Job description

As a Risk Model Validator, you will independently assess and challenge the models Citi relies on to measure market, credit, and operational risk. This role sits within Model Risk Management (MRM), where you will validate obligor credit risk models, early warning tools, and Loss Given Default studies that protect Citi's financial stability. You will work closely with a Validation Lead to deliver rigorous, evidence-based reviews that strengthen the integrity of Citi's risk management framework.
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 elevate 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. 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.