Model Validation 2nd LOD Lead Analyst

Citibank, N.A. seeks a Model Validation 2nd LOD Lead Analyst for its Tampa, Florida location.

• Validate credit risk models using statistical and mathematical tools and economic and finance theories.
• Test model assumptions and assess model performance.
• Assess adequacy and relevance of modeling data.
• Design and execute quantitative and statistical testing on model framework and performance.
• Perform data analysis and quantitative/statistical tests using statistical tools, including large‑scale analysis with Python, Linux, and SQL.
• Manage model risk across the model life cycle, including ongoing performance evaluations, annual model reviews, and monitoring and governance plans.
• Oversee portfolios and manage stakeholder interactions with model developers and business owners throughout the model life cycle.
• Challenge model assumptions, mathematical formulations, model performances, and implementation.
• Quantify risk associated with model limitations, advise on compensating controls, and inform stakeholders of risk profile.
• Review and challenge overlay and model change proposals, assess risk control actions related to limitations, business initiatives, operation plans, and regulatory feedback.
• Conduct analysis and create technical documentation reports for validation purposes, meeting regulatory guidelines and exceeding industry standards.
• Comply with regulatory examinations, including CCAR and DFA Stress testing exercises by the FRB and OCC.
• Present model validation findings to senior management and supervisory authorities.
• Document model validation outcomes and findings, communicating results to diverse audiences.
• Represent the bank in interactions with regulatory agencies as required.
• Contribute to strategic, cross‑functional initiatives within the model risk organization.
• Identify modeling opportunities that yield measurable business results, engage stakeholders early, and seek collaboration opportunities.
• Develop and validate models applied in climate risk areas, assess model sensitivity to macroeconomic and climate risk drivers, and evaluate impacts on bank reserves and planning from climate‑risk shocks.
• Evaluate data relevance and methodology soundness of climate risk models, and assess compliance with regulatory requirements of local agencies such as HKMA, OSFI, MAS, and OJK.
• Assist in preparing packages for regulatory climate exercise examinations.
• Provide guidance and instructions to junior validators for policies and procedures.
• Lead projects as necessary and ensure accuracy of validations performed by validators. Perform supervisory and peer reviews.

• Master’s degree (or foreign equivalent) in Mathematics, Statistics, Engineering (any), or related field AND 3 years of experience in model/analysis/validation roles in a global financial services institution; or Bachelor’s degree with 5 years of progressively responsible experience.
• Experience in data analysis, identifying data inconsistencies, defining business issues.
• Assessment of model development process including data processing, conceptual soundness, and mathematical formulation.
• Statistical testing of model framework, assumptions, and performance.
• Financial risk management and economic research into macro‑economic risk drivers.
• Evaluation of model performance in various macro‑economic scenarios and macro‑economic impacts for capital planning.
• Proficient in statistical tests: diagnostic, sensitivity, stress testing, backtesting, and impact analysis.
• Proficient with statistical software: R, SQL, and large‑scale analysis platforms.
• Experience with simulations and performance tests using Python, Java, and Linux.
• Knowledge of regulatory requirements:
  Basel, CCAR, ICAAP, IFRS9, CECL.
• Technical writing and presenting, including regulatory initiatives such as climate‑risk examinations.
• Project management skills.

Wage Range: $134,300 to $154,300

• Medical, dental, and vision coverage
• 401(k) plan
• Life, accident, and disability insurance
• Wellness programs
• Paid time off: vacation, sick leave, and paid holidays
• Potential incentive and retention awards (discretionary and formulaic)

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.