Role at a glance
- Job function
-
Banking, Payments & Insurance Other
- Salary
- Not Disclosed
- Location
- Mumbai Maharashtra India
- Work arrangement
- Hybrid
- Employment
- Full-time
- Experience
- You bring 4-7 years of relevant experience in risk, analytics, or a related quantitative field.
- Education
- You hold a Master's degree or equivalent experience in a quantitative discipline.
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Role Summary
The Risk Model Validation Officer independently assesses and challenges credit, market, and operational risk models. The role performs validations, annual reviews, and ongoing monitoring for assigned models, working with a Validation Lead to evaluate performance and governance.
What You'll Do
- Validate and review low- and medium-risk-rated models, and conduct ongoing monitoring in the assigned product area.
- Challenge model development approaches and assumptions against model risk management standards.
- Track remediation of model limitations and verify corrective actions; assess ongoing model performance.
- Prepare validation reports and materials for senior stakeholders, and contribute analysis and documentation for regulatory exams and...
- Help develop validation standards, templates, and best-practice documentation.
- Identify and escalate control issues.
Generated from the employer's posting. Verify important details before applying.
View full postingQualifications
Requires 4-7 years of relevant experience in risk, analytics, or a related quantitative field; a Master's degree or equivalent experience in a quantitative discipline; clear written and verbal communication; strong analytical and creative problem-solving skills; precise documentation; ability to manage priorities and deadlines; and Python or a similar programming language for model analysis and testing.
Required
- preferred
- Experience developing or validating risk measurement models.
- Experience with credit risk analysis or early warning tools monitoring corporate or consumer risk.
- Knowledge of time series analysis, statistics, and econometrics applied to real-world data problems.
- Experience interpreting data to identify inconsistencies and define business issues.
Original job description
Content provided by the employer
Original job description
Content provided by the employer
As a Risk Model Validation Officer, you will independently assess and challenge credit, market, and operational risk models to strengthen Citi's risk management framework. You will perform model validations, annual reviews, and ongoing monitoring for assigned model and product types, working closely with a Validation Lead to ensure models meet rigorous performance and governance standards. This role gives you direct influence over how Citi measures and manages financial risk across the organization.
Responsibilities
- Perform model validations, annual model reviews, and ongoing monitoring reviews for low and medium risk-rated models within your assigned product area.
- Challenge model development approaches and assumptions to confirm models meet Citi's model risk management standards.
- Track model limitation remediation progress and verify that corrective actions are properly implemented.
- Evaluate the ongoing performance of validated models to confirm they continue to perform as intended.
- Contribute analysis and documentation to support regulatory exams and internal audit reviews.
- Prepare validation reports and materials for review by senior model risk management stakeholders.
- Help shape validation standards, templates, and best-practice documentation used across the model validation function.
- Identify and escalate control issues with transparency to safeguard Citi's assets, clients, and reputation.
Required Qualifications & Skills
- You bring 4-7 years of relevant experience in risk, analytics, or a related quantitative field.
- You communicate findings clearly in written reports and verbal discussions.
- You apply strong analytical and creative problem-solving skills to complex risk questions.
- You document analysis and results with precision and attention to detail.
- You manage multiple priorities and deliver accurate results under tight deadlines.
- You use Python or similar programming languages to support model analysis and testing.
- You hold a Master's degree or equivalent experience in a quantitative discipline.
Beneficial Skills & Qualifications
- You have experience developing or validating risk measurement models.
- You have worked on credit risk analysis or early warning tools that monitor corporate or consumer risk.
- You apply knowledge of time series analysis, statistics, and econometrics to real-world data problems.
- You have interpreted data to identify inconsistencies and define clear business issues.
What We Offer
Join a model validation function that shapes how one of the world's largest financial institutions identifies and manages risk. In this role, your analysis directly informs governance decisions that protect Citi and its clients.
- Work in a hybrid arrangement with 3 days in the office and 2 days working remotely.
- Build deep technical expertise in model validation across credit, market, and operational risk.
- Collaborate with risk teams across a global organization, expanding your professional network.
- Access ongoing learning and development opportunities to grow your analytics and risk management career.
- Benefit from financial wellbeing programs and resources that support your long-term goals.
Apply today to help safeguard Citi's financial stability through rigorous, independent model validation.
#LI-VR2
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Model Validation------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Data Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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About the company
Citi
Large Enterprise
Citi is a global financial services corporation that offers a wide range of financial products and services, including consumer banking, credit, investment banking, and wealth management. With a presence in nearly 100 countries, Citi serves millions of customers, from individuals and small businesses to large corporations and governments. The company is dedicated to innovation and sustainability, actively working to support economic growth while addressing environmental and social challenges. Citi’s commitment to providing exceptional service and fostering diverse talent makes it a prominent choice for students aspiring to build a career in finance and banking.