Senior Qualitative Model Validator

Job Description

Join our Qualitative Model Validation team! If you have a problem solving mindset, enjoy challenging status quo and want to develop in financial forecasting, stress testing, and analyzing different risk categories this role might be for you! Qualitative Model Validation team is an expert function within Model Risk Management (MRM) organization that consists of finance, statistics, and risk professionals responsible for review and assessment of Qualitative Models. Senior Model Validator confirms that models are used appropriately by the business and that model weaknesses are successfully captured and mitigated by Model Owner. This is accomplished by review of model data, assumptions, and outputs, challenging them, and evidencing results in a review final report.Qualitative Models rely on qualitative estimation approach such as expert judgment or forecast workshop rather than on quantitative techniques such as regression techniques and machine learning algorithms. Qualitative Models are widely used in areas such as stress testing and financial planning. We are working in a dynamically developing international team reviewing a large variety of models covering numerous areas and banking products. Key activities include:
• Performing independent validation of qualitative models across the firm, in line with the Citi Model Risk Management Policy and procedures. This includes:
  • Reviewing appropriateness of a qualitative Model versus alternative quantitative approaches
  • Analyzing the model design, and assumptions and challenging them to identify best solution
  • Challenging judgmental inputs used in forecasting and benchmarking with trends and industry standards
  • Assessing development approach and testing results for individual models provided by Model Owner
  • Evaluating model performance on ongoing basis
  • Writing high quality validation reports, highlighting risks and limitations of the model
  • Working with Model Owner to resolve model issues
• Collaborating with other teams within Risk and the Business regarding qualitative models to ensure compliance with our policies, procedures, and guidance
• Supporting the process of designing, developing, delivering and maintaining best-in-class qualitative model validation process standards, guidance, practices, templates and other documentation
Qualifications:
• Minimum Bachelor degree in Finance or Economics, or other quantitative discipline. Masters degree is preferable
• 2 years of relevant experience in model development or validation/ knowledge of Banking, Treasury, Finance or Risk management
• Understanding of qualitative/ expert-based model development methodology
• Knowledge of time series analysis, statistics and econometrics
• Ability to formulate findings clearly and concisely in a written form and good verbal communication skills
• Good analytic, creative thinking and problem solving abilities
• Demonstrate excellent partnership and teamwork skills
• Adept and meticulous at analysis of data and documentation
• Ability to multi-task, work well under pressure and committed to deliver under tight deadlines
• Experienced user of Microsoft Office Suite, especially Excel, PowerPoint and Word
• PRM or FRM certification would be a plus
• Knowledge of Python or R language would be a plus
What we offer:
• Work in a challenging area of the financial industry with one of the worlds leading companies with exposure to variety of products, processes and controls
• Position with multiple development opportunities including internal promotion
• Opportunity to develop in multiple areas such as financial forecasting, stress testing, and modeling different risks
• Cooperation with a high quality, international, multicultural and global team
• Work in a friendly and diversified environment, appreciating differences in style and perspective and using them to add value to decisions leading to organizational success
• Management supporting balanced and agile work (flexible working hours, home office)
• Attractive benefits package (Benefit System, medical care, pension plan etc.)
• A chance to make a difference with various affinity networks and charity initiatives
If you need more information, please contact with Michal Kolodziejczyk ( hidden_email ), Piotr Buzala ( hidden_email ) or Magdalena Rozkowicz ( hidden_email ).-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Risk Analytics, Modeling, and Validation------------------------------------------------------Time Type:Full time------------------------------------------------------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,

Keyskills :
stress testingmodel designmodel developmenttime series analysis