Qualitative Models Validation Senior Analyst

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Qualitative Models Validation Senior Analyst-19027386
 About Citi


Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.


Citi’s Mission and Value Proposition  explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.


Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

This position is within Qualitative Model Validation team, which is part of the Model Risk Management (MRM) group within the Risk organization.  The Qualitative Model Validation team is a newly established function, which is responsible for reviewing and assessing qualitative models as part of Citi’s Model Risk Management framework. The main objectives are to ensure that qualitative models are used appropriately by the business and that model users are aware of the models’ limitations and weaknesses that should be mitigated by compensating controls.  A Qualitative Model is based upon key assumptions which are primarily qualitative, e.g., based on expert judgment or other qualitative evidence. 

 Key Activities include: 
  • Performing independent validation of qualitative models across the firm, in line with the Citi Model Risk Management Policy and procedures. This includes:
    • Critically reviewing the appropriateness of a Qualitative Model versus alternative quantitative approach with respect to the modeling objective and the available model development data

    • Producing high value models validation reports, including highlighting risks and limitations of the model.
    • Evaluating testing approach and results for individual models in accordance with MRM guidance
    • Assessing the ongoing performance monitoring of the models
    • Contributing to regulatory and internal audit related responses
  • Collaborating with other teams within Risk and the Business regarding qualitative models to facilitate compliance with our policies, procedures, and guidance.   
  • Assisting with preparing the reports and other meeting materials to MRM senior management.
  • Supporting the process of designing, developing, delivering and maintaining best-in-class qualitative model validation process standards, guidance, practices, templates, and other documentation

  • Minimum Bachelor’ degree in Finance or Economics, or quantitative discipline (statistics, quantitative finance, econometrics). Masters’ degree is preferable.
  • Ideally 3 years of experience / knowledge of Banking, Treasury, Finance / Risk management preferred, however talented candidates with fewer years of experience will be considered
  • Demonstrate excellent partnership and teamwork skills
  • Ability to clearly and concisely formulate findings in a written form and good verbal communication skills
  • Good analytic, creative thinking and problem solving abilities
  • Adept and meticulous at analysis and documentation
  • Ability to multi-task, work well under pressure and committed to deliver under tight deadlines
  • Knowledge of financial markets and products
  • Qualitative or quantitative model risk management experience is a plus
  • Experienced user of Microsoft Office Suite, especially Excel, PowerPoint and Word. Knowledge of SAS or R language would be a plus.
  • Solid knowledge of time series analysis, statistics and econometrics would be highly advantageous
  EEO Statement: Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity  Pay Transparency: Citi won’t discriminate against anyone for discussing pay, but those with access to pay data in their work can’t disclose it unless responding to complaints/investigations or legal requirements.

28 July 2019
Location: United States Texas Irving
Work type:
Full time
Banking and Financial Services
PLEASE! No enquiries from Recruitment Agencies or Headhunters.

Only direct applications will be considered.

This career opportunity is no longer open.
Please search for current vacancies here.

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