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 Program

Job summary

Citi Solutions Center Poland is seeking a professional to join the Global Functions Model Validation team. You will validate models, review approaches, and produce reports that highlight risks and limitations, while collaborating with Risk and Business units.

The role requires a degree in finance/economics or quantitative fields, programming skills, and strong communication. The position offers a hybrid schedule and a comprehensive benefits package.

Qualifications

• Minimum Bachelor’s degree in Finance or Economics, or quantitative discipline.
• 3 years of experience in Banking, Treasury or Risk management preferred.
• Excellent partnership and teamwork skills.
• Programming skills in Python, MATLAB, C/C++/C#, VBA, R and SAS.
• Strong written and verbal communication; able to document findings clearly.

Responsibilities

• Perform independent validation of models in Global Functions per policy.
• Review model approach vs alternatives and assess data adequacy.
• Produce high-quality validation reports highlighting risks and limitations.
• Collaborate with Risk and Business teams to ensure policy compliance.
• Support management with reports and materials for MRM senior staff.

Skills

Analytical Thinking

Programming (Python)

Communication

Education

Bachelor’s degree in Finance or Economics or quantitative field

Tools

Python

MATLAB

C/C++

R

SAS

Job description

Join Global Functions Model Validation team!

Our Team is part of the Model Risk Management (MRM) group within the Risk organization.

The Global Functions Model Validation team is responsible for reviewing and assessing models in the Global Functions area as part of Citi’s Model Risk Management framework. The main objectives are to ensure that models are used appropriately by the business and that model users are aware of the models’ limitations and weaknesses that should be mitigated by compensating controls. Global Functions cover Liquidity, Treasury, Operational Risk, Banking, Legal, Securitization, Pension, Insurance, Human Resource and others. Models are utilized for Stress testing, Capital Estimation, Portfolio Management, Business Planning and others.

What you will do:

• Performing independent validation of models in the Global Functions, in line with the Citi Model Risk Management Policy and procedures. This includes:
  • Critically reviewing the appropriateness of a Model approach versus alternative model approach with respect to the modeling objective and the available model development data
  • Producing high quality validation reports, including highlighting risks and limitations of the model.
  • Evaluating testing approach and results for individual models in accordance with MRM guidance
  • Assessing the ongoing performance monitoring of the models
  • Contributing to regulatory and internal audit related responses
• Collaborating with other teams within Risk and the Business regarding risk models to facilitate compliance with our policies, procedures, and guidance.
• Assisting with preparing the reports and other meeting materials to MRM senior management.
• Supporting the process of designing, developing, delivering and maintaining best-in-class model validation process standards, guidance, practices, templates and other documentation

What we will need from you:

• Minimum Bachelor’ degree in Finance or Economics, or quantitative discipline (statistics, quantitative finance, econometrics). Masters’ degree is preferable.
• Ideally 3 years of experience / knowledge of Banking, Treasury, Finance / Risk management preferred, however talented candidates with fewer years of experience will be considered.
• Demonstrate excellent partnership and teamwork skills.
• Programming skills in languages like Python, MATLAB, C/C++/C#, VBA, R and SAS.
• Ability to clearly and concisely formulate findings in a written form and good verbal communication skills.
• Good analytic, creative thinking and problem solving abilities.
• Adept and meticulous at analysis and documentation.
• Ability to multi-task, work well under pressure and committed to deliver under tight deadlines.
• Knowledge of financial markets and products.
• Model validation experience is a plus.
• Experienced user of Microsoft Office Suite, especially Excel, PowerPoint and Word.
• Solid knowledge of, statistics, econometric, AI/Machine Learning and Finance would be highly advantageous.

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.

Job Family Group:

Risk Management

Job Family:

Model Validation

Time Type:

Full time

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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