Strategic Risk Modeling Specialist

2 days ago


Mississauga, Ontario, Canada Citibank Full time

About Citi

Citi, a leading global bank, seeks a highly skilled Strategic Risk Modeling Specialist to join our team in Model Risk Management. With a strong focus on delivering high-quality risk management solutions, we empower our clients to achieve their financial goals.

Job Description

We are looking for an experienced professional with a background in finance, economics, or a quantitative discipline to perform critical reviews of qualitative models and ensure they align with our company's risk management framework. Your expertise will help us identify potential risks and limitations of these models, enabling us to develop effective mitigating strategies.

Main Responsibilities:

  1. Model Validation: Independently validate qualitative models across the firm, adhering to our model risk management policy and procedures.
  2. Critical Review: Assess the appropriateness of qualitative models versus alternative quantitative approaches, considering the modeling objective and available data.
  3. Reporting: Produce high-value validation reports, highlighting risks and limitations of the model, and evaluating testing approaches and results.
  4. Collaboration: Work closely with other teams within Risk and the Business to ensure compliance with our policies, procedures, and guidance.

Requirements

  • Bachelor's degree in Finance, Economics, or a quantitative discipline (statistics, quantitative finance, econometrics).
  • A minimum of 5 years of experience in Banking, Treasury, Finance, or Risk management, with a strong understanding of time series analysis, statistics, and econometrics.
  • Excellent analytic, creative thinking, and problem-solving abilities.
  • Proficiency in Microsoft Office Suite, especially Excel, PowerPoint, and Word, with knowledge of SAS or R language being a plus.

Estimated Salary: $120,000 - $180,000 per year, depending on location and experience.

Time Type: Full-time position with a competitive benefits package, including health insurance, retirement plans, and paid time off.


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