Model Validation 2nd LOD Sr. Lead Analyst

Citibank (Switzerland) AG; Northern, New York (KY, NY); Hybrid; Confidential; Full time

Job summary

Citibank, N.A. in Long Island City, NY seeks a Model Validation 2nd LOD Sr. Lead Analyst to validate credit risk models across wholesale portfolios, including CCAR and ICAAP tests.

You will review validation documents, propose remediation, and prepare for internal and external exams, with a hybrid telework option within a commutable distance.

Qualifications

• Ten years of experience in credit risk model validation.
• Experience validating Basel CCAR/IFRS9/CECL/ICAAP models.
• Proficiency in statistical modeling and quantitative analysis within risk management.
• Ability to address reviews and respond to exams by regulators and auditors.
• Strong programming skills in SAS, R, Python, MATLAB, and C++.

Responsibilities

• Validate credit risk models across wholesale portfolios (CCAR, Basel, ICAAP).
• Assess modeling assumptions and document validation results.
• Prepare remediation plans and timelines with stakeholders.
• Review evidence and respond to internal/external exams on model risk.
• Present complex findings clearly in writing and verbally.

Skills

Credit risk modeling

Validation testing

Regulatory compliance

Statistical modeling

Quantitative analysis

Communication of findings

SAS

R

Python

MATLAB

C++

Education

Bachelor's degree in Statistics/Mathematics/Finance/Economics

Master's degree in related field

PhD in related field

Tools

SAS

R

Python

MATLAB

C++

Job description

## Model Validation 2nd LOD Sr. Lead AnalystApply: Hybrid: Long Island City New York United States: Full time: Posted Today: End Date: November 9, 2026 (30+ days left to apply): 26990530THIS NOTICE IS BEING POSTED IN CONNECTION WITH THE FILING OF AN APPLICATION FOR PERMANENT ALIEN LABOR CERTIFICATION. ANY PERSON MAY PROVIDE DOCUMENTARY EVIDENCE BEARING ON THE APPLICATION TO THE CERTIFYING OFFICER OF THE U.S. DEPARTMENT OF LABOR AT THE FOLLOWING ADDRESS:United States Department of LaborEmployment and Training AdministrationOffice of Foreign Labor Certification200 Constitution Avenue NW, Room N- 5311Washington, DC 20210NOTICE OF FILINGCitibank, 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. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #26990530. EO Employer.Wage Range: $211,413.00 to $247,900.00