Model Validation 2nd LOD Lead Analyst - C13 - MUMBAI

The Risk Analytics, Modeling and Validation role involves the development, enhancement, and validation of methods for measuring and analyzing all types of risks, including markets, treasury, credit, and operational. In areas related to financial and regulatory risks, individuals in this role validate financial models in Recovery and Resolution Planning for measuring Liquidity, Capital, PPNR, Credit and Operational losses. This role is vital to the company as it provides a scientific and systematic approach to assessing, identifying and mitigating risks, thereby ensuring the company's compliance to model risk regulatory guidance and supporting its overall business strategy.

Responsibilities: 

• The role is Model Validation Lead (VL), initially an individual contributor.
• Oversee a portfolio (e.g., Recovery and Resolution Planning) 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
• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards.
• Manages stakeholder interaction with model developers and business owners during the model life-cycle.
• Presents model validation findings to senior management and supervisory authorities.

Qualifications: 

• 6-10 years of experience
• Good knowledge and experience in quantitative or qualitative role of a variety of model development and validation testing techniques covering financial/business planning or risk management at a major financial institution
• Extensive knowledge of financial markets and products.
• Clear and concise written and verbal communication skills.
• Extensive experience in data analysis, interpretation of findings, and technical writing.
• Self-motivated and detail oriented.
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time.
• Comfortable interfacing with business clients
• Ability to formulate recommendations on policies, procedures, or practices.

Education: 

Master's degree mandatory

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