Portfolio Credit Risk Management Lead Analyst

Citibank (Switzerland) AG; Warszawa; Hybrid; Confidential; Full time

Benefits offered by this job

Hybrid work model

Private medical care package

Pension plan

Job summary

Citibank (Switzerland) AG in Warsaw seeks an experienced professional to support the Model Sponsor function within the PMG Risk Ratings team. You will manage governance obligations, perform risk analysis, and coordinate with Model Sponsors, Developers and MRM across the model lifecycle.

The role requires strong credit risk knowledge, quantitative skills, and excellent communication. A hybrid work model is offered with relocation to Poland as needed.

Qualifications

• 5+ years of experience in the financial industry with exposure to credit risk, model risk management, or wholesale banking functions.
• 3+ years in model risk review and challenge, development or sponsorship for wholesale PD models.
• Familiarity with Citi’s MRM framework or equivalent governance.
• Proficiency in Python, SQL, Tableau for data analysis and model testing.

Responsibilities

• Serve as the Model Sponsor Delegate across the Risk Rating model portfolio.
• Support governance analytics, benchmarking and root cause analysis.
• Prepare governance documentation and presentations for Senior Management.

Skills

Communication skills

Project management

Analytical thinking

Stakeholder management

Model governance

Education

Bachelor's degree

Master's degree preferred

CFA/FRM designation a plus

Tools

Python

SQL

Tableau

Excel

PowerPoint

Word

Job description

The Portfolio Management Group (PMG) is an independent risk management function within Citi's Banking and International Risk (BIR) division. Our group is responsible for establishing and monitoring wholesale risk ratings, credit limits, reserve forecasting, and stress testing.Within PMG, the Risk Rating team defines and oversees our wholesale risk rating methodologies and the underlying models. A key part of their role is to facilitate the review and challenge of the model lifecycle across the first and second lines of defense, ensuring alignment with our credit expertise and regulatory expectations.We are looking for an individual to support the Model Sponsor function within the PMG Risk Ratings team, acting as a Model Sponsor Delegate for a designated portfolio of risk rating models. In this position, you will serve as the primary operational point of contact between Model Sponsors, Model Developers, Model Risk Management (MRM), portfolio subject matter experts, and other stakeholders. You'll be involved throughout every phase of a model's lifecycle - from initial identification and development, through validation, to ongoing monitoring and retirement.To succeed in this role, you'll need to develop a thorough understanding of Citi's MRM framework and the specific risk rating methodologies underpinning the BIR PMG model portfolio. The position requires a blend of credit risk expertise, analytical and statistical capabilities, and strong organizational and communication skills to effectively manage a variety of recurring and ad-hoc model governance obligations on behalf of the Model Sponsors.**What You'll Do- Key Responsibilities:**Model Sponsor Delegate Activities & MRM Lifecycle Support* Serve as the first-layer reviewer across all model lifecycle stages for the portfolio of Risk Rating models, including:+ Review and summarize findings from Model Development Documentation (MDD), assess model performance outcomes, reasonableness of model assumptions and limitations reflected in the ongoing performance assessments and model change documentation+ Support timely remediation of model limitations by conducting root cause analysis, engage in design and documentation of overlay methodologies along with their implementation+ Ensure Model Sponsor adherence to the model control and governance frameworks, such as semi-annual model inventory reviews, new model identification attestations, managing policy dispensations as well as model decommissioning+ Frame recommendations for Model Sponsor action and sign-off decisions, promptly responding to mandated model deadlines and preventing Policy breaches**Analysis & Independent Review*** Support centralized model governance analytics, including benchmarking and root cause analysis, formulating independent views on risk rating models performance* Conduct model and portfolio-level risk analysis on rating distributions, use of qualitative adjustments and its taxonomy, along with downstream impacts of rating changes on stress testing, reserves etc.* Review annual and multi-year model enhancement plans, providing assessments to aid Model Sponsors and Senior Management decisions**Stakeholder Management & Communication*** Closely partner with Model Sponsors, Model Developers, Model Risk Management and Model Users across 1st and 2nd lines of business in addressing the governance activities concerning Wholesale Risk Rating models and methodologies* Liaise with Model Developers and Product / Technology Development teams to ensure proper implementation of model methodology - including inputs, outputs, qualitative components, and model adjustments along with UAT activities* Collaborate with various internal stakeholders and regulators to address model related inquiries, reviews and audits**What We'll Need From You- Qualifications:*** 5+ years of experience in the financial industry, with predominant exposure to credit risk, model risk management, or wholesale banking functions.* Must have 3+ years of direct experience in model risk review and challenge, model development or sponsorship function, with hands-on involvement in wholesale internal risk rating or PD models, preferably within a regulated financial institution or rating agency.* Comprehensive understanding of quantitative and qualitative wholesale credit risk methodologies and regulatory requirements used in risk modeling. Familiarity with Citi's MRM framework or equivalent model risk governance frameworks (e.g., SR 26-2 / OCC 2026-04 guidance) is highly desirable.* Proficiency in Python, SQL, Tableau for data analysis, model performance testing, recurring and ad hoc analytics.* Proficient in Microsoft Office, particularly Excel (data analysis, metrics tracking), PowerPoint (governance presentations), and Word (technical documentation).* Good understanding of wholesale credit portfolios and products, including financial instruments, market dynamics, and credit risk drivers across industry sectors.* Demonstrated ability to manage multiple concurrent model governance obligations with competing deadlines, maintaining accuracy and completeness, along with project management skillset.* Strong oral and written communication skills, with a proven ability to synthesize complex model risk concepts and translate them into clear, user-friendly language for Senior Management and governance forums.* Ability to prepare high-quality governance documentation and presentations that meet internal standards and withstand regulatory scrutiny.* Strong interpersonal skills with a proven ability to build and maintain effective working relationships with cross-functional partners across risk analytics, technology, model development, and reporting.* Bachelor's/University degree required, Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field preferred. CFA, FRM designation is a plus.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.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:#LI-KS7