Model Validation 2nd LOD Sr. Lead Analyst

Citigroup; United States; Sur place; USD 211 000 - 248 000; Plein temps

Avantages offerts par ce poste

Medical, dental & vision coverage

401(k)

Life, accident, and disability ins.

Wellness programs

Paid time off (vacation, sick leave, &

Paid holidays

Résumé du poste

Citigroup seeks an experienced Model Validation professional to validate credit risk models across wholesale portfolios, including CCAR, Basel, ICAAP, and IFRS9/CECL frameworks. The role requires rigorous testing of modeling assumptions and documentation to support regulatory exams.

You will coordinate remediation timelines with stakeholders and ensure alignment with Citi's Model Risk Management policies. Ideal candidates have advanced programming skills (SAS, R, Python, MATLAB, C++) and a

Qualifications

• Bachelor's degree required; 10 years of experience in model validation.
• Experience applying CCAR, Basel, IFRS9, CECL, ICAAP regulations in validation work.
• Strong statistical analysis and quantitative modeling skills.
• Ability to communicate validation findings clearly to stakeholders.

Responsabilités

• Validate credit risk models across wholesale portfolios (Basel, CCAR, ICAAP, IFRS9/CECL).
• Test modeling assumptions for alignment with methodology and objectives.
• Prepare validation docs and respond to regulatory reviews and exams.
• Propose remediation plans and coordinate timelines with stakeholders.

Connaissances

Statistical modeling

Advanced programming

Communication of findings

Formation

Bachelor's degree in Statistics/Math/Finance/Economics or related field

Master's degree

PhD

Outils

SAS

R

Python

MATLAB

C++

Description du poste

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.

BENEFITS & OTHER OFFERINGS

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com.

SALARY & LOCATION

Wage Range: $211,413.00 to $247,900.00. Primary Location: New York, NY, United States. Job Family Group: Risk Management. Job Family: Model Validation. Contract Type: Full time. Working Hours: 40 hrs./wk.

ADDITIONAL INFORMATION

Anticipated Posting Close Date: Dec 14, 2026.