Regulatory Risk Model Development - RMS - Senior Vice President

Citibank (Switzerland) AG; Hinoba-an; On-site; Confidential; Full time

Job summary

Citi, a global financial services firm, seeks a senior Risk Model Development Manager to lead a team responsible for developing and validating risk models across market, credit, and operational risk. You will manage data science projects, deploy advanced modeling techniques, and ensure compliance with internal and external guidelines.

The role requires oversight of model development, validation, and governance, with collaboration across risk, audit, and regulatory teams.

Qualifications

• 13+ years experience.
• Sound knowledge of statistical modeling concepts and industry best practices; experience with econometric and statistical modeling or application risk scoring.
• Excellent quantitative and analytic skills; ability to derive patterns, trends and insights, and perform risk/reward trade-off analysis.
• Experience with analytical or data manipulation tools (e.g. SAS, SQL, R, C Programming in UNIX)
• Proficient with MS Office suite.
• Ability to deliver compelling presentations and influence executive audiences.
• Excellent communicator; ability to engage and inspire team forward.
• Ability to drive innovation via thought leadership while maintaining end-to-end view.
• Effective cross-functional project, resource, and stakeholder management; effectively engage with internal audit and external regulators.
• Experience working in Big data environments; Intellectual curiosity to stay abreast of technological advances.

Responsibilities

• Develops, enhances, and validates risk measurement and analysis methods across risk types.
• Develops models, validation, and deployment efforts.
• Advances Risk Management methodology and integrates models into business decisions.
• Manages annual quantitative and qualitative assessments and submissions.
• Works with large datasets and complex algorithms to solve data science challenges.
• Leverages big data to develop deployable solutions.
• Ensures timely model performance tracking and process automation where possible.
• Ensures compliance of development/validation with guidelines.
• Interacts with senior management to explain model usage for critical decisions.
• Provides leadership for junior modelers.

Skills

Analytical Thinking

Credible Challenge

Data Analysis

Governance

Policy

Procedure

Risk Management Lifecycle

Education

Bachelor’s/University degree

Masters degree

Tools

SAS

SQL

R

C programming in UNIX

Job description

The Model/Anlys/Valid Group Mgr is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity. Generally accountable for delivery of a full range of services to one or more businesses/ geographic regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication may be necessary. Accountable for the end results of an area. Exercises control over resources, policy formulation and planning. Primarily affects a sub-function. Involved in short- to medium-term planning of actions and resources for own area. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.

Responsibilities

Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational. Also, may develop, validate and strategize uses of scoring models and scoring model related policies. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. Develop models and oversee model development, validation, and deployment efforts. Advances Risk Management methodology and integrate models into business decisions and planning. Manage successful annual quantitative and qualitative assessments and submissions. Works with large datasets and complex algorithms to solve data science challenges. Leverages big data to develop innovative deployable solutions. Help introduce best-in-class, cutting edge Model techniques to drive profitability through innovation. Ensures timely model performance tracking, and assist in process automation to drastically improve process/operation efficiencies (where possible) that will enable the business to make rapid decisions against market condition changes Ensures the compliance of development and validation of models with respect to internal and external guidelines. Supports the development of training curriculum and standards Partners with Risk and Decision Management organizations to understand the source of new data and continue to improve the process of defining, extracting and utilizing the new data Interacts with senior levels of management to facilitate understanding of usage of risk models and inform critical decisions. Provide leadership and guidance for junior modelers. Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications

• 13+ years experience
• Sound knowledge of statistical modeling concepts and industry best practices; experience with econometric and statistical modeling or application risk scoring.
• Excellent quantitative and analytic skills; ability to derive patterns, trends and insights, and perform risk/reward trade-off analysis.
• Experience with analytical or data manipulation tools (e.g. SAS, SQL, R, C Programming in UNIX)
• Proficient with MS Office suite.
• Ability to deliver compelling presentations and influence executive audiences.
• Excellent communicator; ability to engage and inspire team forward.
• Ability to drive innovation via thought leadership while maintaining end-to-end view.
• Effective cross-functional project, resource, and stakeholder management; effectively engage with internal audit and external regulators.
• Experience working in Big data environments; Intellectual curiosity to stay abreast of technological advances.

Education

Bachelor’s/University degree or equivalent experience, potentially Masters degree

Job Family Group

Risk Management

Job Family

Model Development and Analytics

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.

Equal Opportunity Statement

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.