Model Validation Senior Analyst

Citigroup Inc.; Warszawa; Hybrid; PLN 165,000 - 281,000; Full time

Benefits offered by this job

Pension plan

Private medical care

Life insurance

Employee assistance

Sport card

Volunteer day

Cafeteria benefits

Annual incentive

Discount programs

Job summary

Citigroup Inc. in Poland seeks a Model Validation specialist to validate models for wholesale credit and climate risk for wholesale obligors. You will perform rigorous validations, annual reviews, and ongoing monitoring to mitigate risk across key bank processes.

The role requires 2+ years of relevant experience, strong quantitative skills, and programming in Python, R, MATLAB, or VBA. Hybrid work up to 2 days at home with a competitive base salary and comprehensive benefits.

Qualifications

• 2+ years of relevant experience in model validation, risk analytics, or quantitative finance.
• Strong quantitative foundations in statistics, probability, time series and data analysis.
• Experience with wholesale credit risk models (e.g. risk rating or climate risk models).
• Programming skills in Python, R, MATLAB, or VBA.
• Bachelor's degree or higher in statistics, finance, computer science, or a related field. Master’s/PhD preferred.

Responsibilities

• Perform in-depth model validations, annual reviews, and ongoing performance monitoring.
• Provide effective challenge to model development and drive follow-up actions.
• Conduct independent analyses to evaluate model designs and supporting analyses.
• Assess ongoing performance monitoring and annual review of wholesale models.
• Write clear validation reports for senior management and related materials.

Skills

Statistics

Probability

Time series

Data analysis

Linear algebra

Education

Bachelor's degree

Master's or PhD

Tools

Python

R

MATLAB

VBA

Job description

The Model Validation role involves the validation of models for measuring and analyzing wholesale credit risk and climate risk for wholesale obligors.

They conduct analyses using wholesale credit risk and climate risk data, and use model performance metrics to monitor the risk of the models.

This role is vital to the company as it serves to mitigate the risk in the development, implementation and use of models used in key bank processes, including risk management.

What you will do:

• Perform in-depth and rigorous model validations, annual model reviews, ongoing performance monitoring and model limitation remediation reviews.

• Provide effective challenge to the model development process and instigate appropriately prioritized follow-up action as and when required.

• Conduct rigorous independent analysis and tests to evaluate model designs and supporting analysis provided by wholesale credit risk model development teams.

• Systematically assess the ongoing performance monitoring and annual review of wholesale credit risk models (e.g. wholesale risk rating models, climate risk models, etc.).

• Contribute to regulatory and internal audit-related matters as and when required.

• Write clear, concise, and logically structured validation reports and other materials for senior management.

• Support the process of designing, developing, delivering, and maintaining best-in-class model validation process standards, guidance, practices, templates, and other documentation.

• Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.

• Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.

• Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.

• Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities.

• Proactively identifies opportunities to streamline work and conduct automation using AI tool; creates process improvements that enhance efficiency for self and the team.

• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.

• Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements.

• Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.

• Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult.

• Engages key stakeholders early and actively looks for opportunities to improve collaboration in achieving common goals.

What we will need from you:

• 2+ years of relevant experience.

• Experience in Model Validation, Model Development, Risk Management, Analytics, or Quantitative Finance is preferred.

• Excellent quantitative skills, including in statistics, probability, time series and data analysis, real analysis, and linear algebra.

• Programming skills in languages such as Python, R, MATLAB, or VBA.

• Strong computer science, accounting, statistic, or climate risk background is preferred.

• Experience with wholesale credit risk models (e.g. wholesale risk rating models, climate risk models) is preferred.

• CPA, FRM, or CFA is preferred.

• Has attention to detail and ability to research models in a systematic and rigorous fashion.

• Has an ability to work independently as well as an ability to collaborate with other team members, model sponsors, model developers, or business.

• Excellent written and verbal communication skills; ability to communicate technical matters, both to a technical and a non-technical senior audience.

• Excellent analytic, creative thinking, and problem-solving skills.

• Ability to prioritize, work under pressure, and deliver high-quality validation reports under tight deadlines.

• Bachelor's/University degree or above in subjects such as statistics, accounting, computer science, finance, engineering, mathematics, physics, etc. Master’s or PhD degree is preferred.

• Knowledge of financial markets and products.

By joining Citi Solutions Center Poland, you will not only be part of a business casual workplace with a hybrid working model (currently up to 2 days working at home per week), but also (potentially, subject to final offer) receive a competitive base salary and enjoy a whole host of additional benefits which can include:

• Employer paid Defined Contribution Pension Plan contribution of 6% of employee’s pensionable earnings (PPE Program)

• Employer paid Private Medical Care Package for employees and Private Medical Care Packages for certain family members available at preferential rates

• Employer paid Life Insurance Program for employees and Life Insurance for certain family members available at preferential rates

• Employee Assistance Program financed by Employer Paid Parental Leave Program (maternity and paternity leave; statutory and 2 weeks additional paid paternity leave

• Sport Card for employees subsidised via Social Benefits Fund and Sport Cards for certain family members available at preferential rates

• Additional benefits from Company’s Social Benefit Fund, in particular: Holidays Allowance, support for sport and cultural activities, team building events.

• Additional day off for volunteering

• Cafeteria/ flex benefit – a company benefits system which enables employees to select and purchase benefits offered by a provider and available for employees on the platform.

• Opportunity to receive an annual discretionary incentive award

• Special offers and discounts for employees

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Copy and paste the URL below into a new tab on your web browser to view the Remuneration Regulations extract: https://tbcdn.talentbrew.com/company/287/cms/v3/docs/policies/RemunerationRegulations-KeyProvisions-CitibankEurope_plc_05012025_A.pdf

If you have any questions or would like to discuss this opportunity further, please don't hesitate to reach out to Karola Sulińska at [e-mail].

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Job Family Group:

Job Family:

Time Type:

Primary Location Full Time Salary Range:

zł165,020.00 - zł280,980.00

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.

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