Risk Model Validator, Officer (Hybrid)

Citigroup Inc.; Haryana; Hybrid; INR 900,000 - 1,700,000; Full time

Benefits offered by this job

Hybrid work model

Learning & development

Financial wellbeing

Diversity & inclusion

Job summary

Citi in India is seeking a Risk Model Validator to independently challenge and validate models used to measure market, credit, and operational risk within Model Risk Management.

You will collaborate with a Validation Lead to deliver evidence-based assessments, document findings, and support regulatory and internal audit responses across multiple model types in a hybrid work arrangement.

Join a global function that shapes Citi's risk framework and development opportunities.

Qualifications

• 2 to 5 years of experience in quantitative analysis, risk management, or model development.
• Strong written and verbal communication skills with clear findings.
• Attention to detail and ability to manage multiple priorities under deadlines.

Responsibilities

• Perform model validations, annual reviews, and ongoing monitoring for Low/Medium Model Risk Rating models.
• Conduct remediation reviews to ensure models meet performance standards.
• Provide effective challenge to model development teams per policy.
• Monitor validated models to confirm fitness for purpose.
• Contribute analysis and documentation to regulatory and internal audits.
• Prepare reports and materials for senior stakeholders.

Skills

Quantitative analysis

Risk management

Time series

Statistics

Econometrics

Communication

Education

Bachelor's degree

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.

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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