Senior VP — Wealth Stress & Loss Analytics (Hybrid)

Citi; New York (NY); Hybrid; USD 53,000 - 85,000; Full time

Job summary

Citi in Mumbai seeks a Vice President to lead Wealth Stress Loss Quantification Analytics, overseeing model development, validation, and governance across Asia/Europe. You will manage end-to-end processes and mentor a small team in a fast-paced environment.

The role demands 10+ years in scoring and loss forecasting, with strong communication skills to influence senior stakeholders and coordinate with global offices. Travel across the region may be required.

Qualifications

• At least 10+ years’ experience in scoring / risk segmentation / loss forecasting model management.

Responsibilities

• Responsible for Wealth and Consumer Retail Credit Loss Forecasting and Decision Models Oversight and Governance in Asia and European countries.
• With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model development, validation, usage and on-going performance assessment;
• Participate in model development calls between sponsor and modeler, exercise effective challenge for assumptions, risk drivers, methodologies and results to ensure models satisfy the functional requirements;
• Provide guidance and technical advice to countries on model related methodological issues and strategic use to achieve the business control and profitability goals.
• Functionally manage/mentor a team of 3-5 junior analysts.
• Capable of presenting complex modeling concepts to non-technical audiences.
• Ensure respective countries have appropriate Champion/Challenger/Benchmark loss forecasting models / methodologies in place. Work with multiple stakeholders to ensure annual model development / enhancement plan to address model issues identified.
• Coordinating, and reviewing before submission to Model Risk Management (MRM), all model documentations including Validation, Re-validation, Annual Model Review, Ongoing Performance Assessment, overlay documentation, closure of model limitations.
• Ensure all models inputs (e.g. macroeconomic forecasts) are provided in a timely manner to facilitate periodic model run as per regulatory timeline. Coordinating with Global Model Production Team to schedule periodic model run and obtain model results to support countries CCAR/CECL/ICAAP Credit Loss Forecasting submission.
• Participate in logistics and model usage support to Global on CCAR/CECL/ Annual Loss Forecasting submission. Achieve effective challenge to model run results to fulfill the regulatory stress testing and business credit planning objectives.
• Effectively support setting up of standards, designing workflows, ensuring control and compliance of regulatory submission, such as CCAR, ICAAP, CECL, IFRS9, etc.
• Perform model governance self-assessment, identify exceptions / findings to communicate to Senior Manager, and set up corrective action plan as appropriate.
• Review recommendations on possible revisions and proposed changes in Model Risk Management and CCAR/CECL policies and procedures, conduct gap analysis, implement the changes and ensure compliance at all levels.
• Preparing/reviewing meeting minutes of model development discussions, model results review, policy-related calls, for audit trail purposes.

Skills

Analytical Thinking

Credible Challenge

Data Analysis

Governance

Policy

Procedure

Regulation

Risk Management Lifecycle

Education

University degree in Economics or Statistics

Tools

Excel

PowerPoint

SAS

Answer Tree

Job description

Citi in Mumbai seeks a Vice President to lead Wealth Stress Loss Quantification Analytics, overseeing model development, validation, and governance across Asia/Europe. You will manage end-to-end processes and mentor a small team in a fast-paced environment.

The role demands 10+ years in scoring and loss forecasting, with strong communication skills to influence senior stakeholders and coordinate with global offices. Travel across the region may be required.