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Citibank, N.A. seeks a Model/Analysis/Validation Officer for
Location:
Queens, NY
Description:
Citibank, N.A. seeks a Model/Analysis/Validation Officer for its Long Island City, New York location. Duties: Review the model documentation and other materials submitted for validation. Complete the model validation report and other processes prescribed by the policy and procedure. Communicate the validation outcome to management and stakeholders. Manage model risk across model life cycle including full validation, ongoing performance monitoring and annual model review. Assist in managing stakeholder interaction with model developers and business owners during model life cycle. Interact with business owners to understand business requirements. Interact with model developers to facilitate the model validation process. Inform stakeholders to ensure compliance with policy and procedure. Assist in bank interactions with regulatory agencies. Ensure clear documentation of the validation findings. Ensure information integrity and sufficiency of model validation inventory. Assist in addressing questions from regulatory agencies. Assist in maintaining a consolidated model inventory. Ensure limitations are clearly described, meaningful and up to date. Ensure limitations are analyzed and materiality quantified. Ensure necessary compensating controls in place. Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls. Ensure inventory information is consistent with validation documents and up to date. Ensure inventory information conforms the standards from policy and procedure. Manage the required activities due to inventory updates. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols. Requirements: Requires a Master’s Degree or foreign equivalent, in Mathematics, Finance, Engineering, or related quantitative field and 4 years of experience as a Quantitative Analyst, Model/Analysis/Validation Analyst or related position involving model analysis and validation for a global financial services institution. Alternatively, employer will accept a Ph.D. in the stated fields and 2 years of the specified experience. Full term of experience must include: Knowledge of financial instruments including, forwards, futures, interest rate swaps, vanilla options and swaptions, and exotic derivatives; Knowledge of simulation and pricing methodologies including Monte Carlo methods; Knowledge of risk estimation and regulatory requirements including Basel 3, & SR 11-7; Stochastic calculus, numerical methods and statistics to quantitatively review model outcomes and identify model limitations; Programming skills in python and C++; Calculus and linear algebra; and Communicating modeling results to external and internal stakeholders. Applicants submit resumes at https://jobs.citi.com/ or by email to Citigroup Recruiting Dept. at XXXX@citi.com. Please reference Job ID #23710856. EO Employer. Wage Range: $155,000 to $180,000 Job Family Group: Risk Management Job Family: Risk Analytics, Modeling, and Validation ------------------------------------------------- Job Family Group: ------------------------------------------------- Job Family: ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Primary Location: Long Island City New York United States ------------------------------------------------------ Primary Location Salary Range: ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View the "EEO is the Law" poster. View the EEO is the Law Supplement. View the EEO Policy Statement. View the Pay Transparency Posting
Company:
Citi
Posted:
January 1 on WhatJobs
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Citibank, N.A. seeks a Model/Analysis/Validation Officer for is a Jobs Bank N A Seeks a Model Ana Job at Citi located in Queens NY. Find other listings like Citibank, N.A. seeks a Model/Analysis/Validation Officer for by searching Oodle for Jobs Bank N A Seeks a Model Ana Jobs.
Citibank, N.A. seeks a Model/Analysis/Validation Officer for is a Jobs Bank N A Seeks a Model Ana Job at Citi located in Queens NY. Find other listings like Citibank, N.A. seeks a Model/Analysis/Validation Officer for by searching Oodle for Jobs Bank N A Seeks a Model Ana Jobs.