Model Validation Senior Analyst

Model Validation Senior Analyst

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Join Global Functions Model Validation team!

Our team is part of the Model Risk Management (MRM) group within the Risk organization. The Global Functions Model Validation team is responsible for reviewing and assessing models in the Global Functions area as part of Citi’s Model Risk Management framework. The main objectives are to ensure that 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.

Global Functions cover Liquidity, Treasury, Operational Risk, Banking, Legal, Securitization, Pension, Insurance, Human Resource and others. Models are utilized for Stress testing, Capital Estimation, Portfolio Management, Business Planning and others.

• Perform independent validation of models in the Global Functions in line with the Citi Model Risk Management Policy and procedures. This includes:
  • Critically reviewing the appropriateness of a model approach versus alternative model approach with respect to the modeling objective and the available model development data.
  • Producing high quality validation reports, 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’s degree in Finance or Economics, or a quantitative discipline (statistics, quantitative finance, econometrics). Master’s degree is preferable.
• Ideally 3 years of experience / knowledge of Banking, Treasury, Finance / Risk management. Talented candidates with fewer years of experience will also be considered.
• Excellent partnership and teamwork skills.
• Programming skills in Python, MATLAB, C/C++/C#, VBA, R and SAS.
• Ability to clearly and concisely formulate findings in 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.
• Model validation experience is a plus.
• Experienced user of Microsoft Office Suite, especially Excel, PowerPoint and Word.
• Solid knowledge of statistics, econometric, AI/Machine Learning and Finance would be highly advantageous.

By joining Citi Solutions Center Poland, you will not only be part of a business casual workplace with a hybrid working model (currently up to 2 days working at home per week), but also (potentially, subject to final offer) receive a competitive base salary and enjoy a whole host of additional benefits which can include:

• Employer paid Defined Contribution Pension Plan contribution of 6% of employee’s pensionable earnings (PPE Program).
• Employer paid Private Medical Care Package for employees and certain family members available at preferential rates.
• Employer paid Life Insurance Program for employees and certain family members available at preferential rates.
• Employee Assistance Program financed by Employer Paid Parental Leave Program (maternity and paternity leave; statutory and 2 weeks additional paid paternity leave).
• Sport Card for employees subsidised via Social Benefits Fund and Sport Cards for certain family members available at preferential rates.
• Addi…