Model Validation 2nd LOD Sr. Lead Analyst

Citi; New York (NY); Hybrid; USD 211,000 - 248,000; Full time

Benefits offered by this job

Medical, dental & vision coverage

401(k)

Life, accident, and disability保险

Wellness programs

Job summary

Citi is seeking a senior-level Model Validation 2nd LOD Sr. Lead Analyst for the Long Island City, NY location. You will validate credit risk models across wholesale portfolios and ensure alignment with Basel/CCAR/IFRS9/ICAAP requirements, driving remediation and stakeholder coordination.

The role demands deep statistical expertise, programming in SAS/R/Python, and strong communication to address regulatory exams and governance processes.

Qualifications

• Bachelor’s degree in Statistics, Mathematics, Finance, Economics, or related field; 10 years of relevant experience.
• Experience validating credit risk models within Wholesale Portfolios Basel Parameter models, CCAR, CECL/IFRS9, and ICAAP.
• Apply regulatory requirements (CCAR, Basel, ICAAP, IFRS9, CECL) in model validation and governance.

Responsibilities

• Conduct validations of credit risk models across wholesale portfolios (e.g., CCAR, Basel parameter models, ICAAP).
• Assess modeling assumptions and conduct validation testing per regulatory requirements.
• Propose remediation plans and coordinate timelines with stakeholders; support internal/external exams.

Skills

Statistical modeling

Regulatory guidance

Model risk management

Communication

Programming

Education

Bachelor’s degree in statistics, mathematics, finance, or economics

Tools

SAS

R

Python

MATLAB

C++

Job description

Citibank, N.A. seeks a Model Validation 2nd LOD Sr. Lead Analyst for its Long Island City, NY location.

DUTIES:

Conduct validations of credit risk models used across wholesale banking portfolios, including models for commercial real estate CCAR, AFS/HTM direct obligations stress testing, RWA estimation, Wholesale Basel parameter calculations, EBA stress testing, ICAAP, and climate stress testing. Assess and test modeling assumptions to ensure that inherent model assumptions are aligned with model methodology theory and their design objectives and are fit for their intended purpose and use. Conduct validation testing and guidance that align with regulatory requirements outlined in Basel/CCAR/CECL/IFRS9/ICAAP/EBA and other regulations including Citi internal Model Risk Management policy. Assess the overall model risk and determine the Model Risk Rating. Conduct thorough reviews of validation documentation, including Model Validation Reports, Ongoing Monitoring Conclusion Document, and Annual Model Review. Review and assess the validation outcomes in accordance with Model Risk Management Policies and Procedures. Propose remediation plans for model limitations identified during the validation process and document remediation timelines in coordination with stakeholders. Review and assess evidence and accept or challenge proposals to close action items for model risk mitigation. Prepare and address internal and external federal exams on model validations.

A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite in accordance with Citi policies and protocols.

REQUIREMENTS:

Bachelor’s degree, or foreign equivalent, in Statistics, Mathematics, Finance, Economics, or a related field, and ten (10) years of experience in the job offered or in a related quantitative occupation. Ten (10) years of experience must include: Conducting credit risk model validation within Wholesale Portfolios Basel Parameter models, CCAR, CECL/IFRS9, and Internal Capital Adequacy Assessment Process (ICAAP) models; Applying the regulatory requirements outlined in CCAR, Basel rules, EBA stress testing, ICAAP, IFRS 9, and CECL when performing model validation and governance assignments; Performing statistical modeling techniques and quantitative analysis within risk management principles; Addressing reviews and challenges on the effectiveness of model validations from internal auditing and external regulatory exams; Utilizing advanced programming languages, statistical tools, and software, including SAS, R, Python, MATLAB, and C++; Programming numerical, closed-form-based models, analytical calculations, and simulations, and implementing quantitative tests to verify model behavior; and Communicating complex validation findings effectively through written and verbal communication. In the alternative, Employer will accept a Master’s degree, or foreign equivalent, and eight (8) years of experience. Employer will accept a PhD and four (4) years of experience. Employer will accept pre- or post- PhD degree experience. 40 hrs./wk. EO Employer.

Wage Range:

$211,413.00 to $247,900.00

Job Family Group:

Risk Management

Job Family:

Model Validation

Time Type:

Full time

Primary Location:

Long Island City New York United States

Primary Location Full Time Salary Range:

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.

Employee Benefits:

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs

Paid Time Off:

• planned time off (vacation)
• unplanned time off (sick leave)
• paid holidays

For additional information regarding Citi employee benefits, please visit citibenefits.com.

Available offerings may vary by jurisdiction, job level, and date of hire.

Most Relevant Skills:

Wholesale Lending Operations Management.

Automated Processing and AI:

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

Illinois residents – AI Notice and Right

Equal Employment 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.