Model Validation 2nd LOD Lead Analyst - Vice President

Responsibilities

• Oversee a portfolio of model types / product types for a specific business area
• Perform model validations, annual model reviews, ongoing monitoring reviews (on Low, Medium and High Model Risk Rating (MRR) models), model limitation remediation reviews, Supervisory and Peer Reviews across the specific portfolio.
• Ensure accuracy of validations performed by Validators covering the VL’s specific portfolio
• Provide effective challenge to the model development process on Low / Medium / High MRR models in accordance with the Citi Model Risk Management Policy
• Communicate results to diverse audiences
• Conduct analysis and package it into detailed technical documentation reports for validation purposes sufficient to meet regulatory guidelines and exceed industry standards
• Identify modeling opportunities that yield measurable business results
• Manage stakeholder interaction with model developers and business owners during the model life-cycle
• Present model validation findings to senior management and supervisory authorities
• Act as a change catalyst by identifying and helping others see where new ideas could benefit the organization
• Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team
• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness
• Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements
• Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
• Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals
• Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda
• Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities
• Empathetically listens and understands others' positions before acting on issues; works to amplify voices that are minimized in the workplace

Qualifications

• 6-10 years of experience
• Proficient in Microsoft Office with an emphasis on MS Excel
• Clear and concise written and verbal communication skills
• Self-motivated and detail oriented
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time
• Practical experience using SAS or other mathematical coding software to build and test models
• Comfortable interfacing with business clients and handling very large data sets
• Experience in a quantitative role in risk management at a financial institution with experience in either model development or validation
• Good knowledge and understanding of a variety of model development and validation testing techniques covering relevant portfolio of models
• Programming skills in languages like Python, MATLAB, C/C++, C#, VBA or other coding language as needed
• Extensive knowledge of financial markets and products
• Familiarity with regulatory requirements related to various model types and risk management
• Strong technical skills such as solid knowledge of time series analysis, statistics and econometrics
• Extensive experience in data analysis and interpretation and technical writing
• Excellent analytical and problem-solving skills
• Strong communication and interpersonal skills
• Able to manage complex and variable issues with substantial potential impact
• Strong team management skills
• Able to balance potentially conflicting needs and make informed decisions
• Project management skills, with the ability to manage multiple tasks and deadlines
• Proficient in data analysis and interpretation
• Able to identify inconsistencies in data or results and define business issues
• Able to formulate recommendations on policies, procedures, or practices