Job Description

About CitiCiti, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.Citis explains what we do and explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.DescriptionModel Risk Management (MRM) is an independent oversight function. The Mumbai center is one of the five MRM locations across the globe and is responsible for development and maintenance of Model Risk Management Policy and procedures, for evaluation and approval of very high, high and medium high risk models used in global consumer risk management.The position will be part of the Model Risk Management, India (Mumbai) team. His/her primary role is to evaluate conceptual soundness and model performance of loss forecasting, balance forecasting, stress testing, PPNR, Loan Loss Reserves (LLR), and macro-economic forecasting models that are developed by other Global Consumer Teams as part of Citis Comprehensive Capital Analysis and Review (CCAR) submissions. The roles are very critical to the organization, as MRMs authorization on the use of the CCAR models are based on the reviewers evaluation results. The reviewer will adhere to the Model Risk Management Policy when evaluating models and ensure models, documentation, and monitoring MIS are compliant with applicable policies.Key Responsibilities:

• Review and validate new and existing model and framework, provide effective challenge, ensure validation work quality.
• Help manage model risk across the model lifecycle including model validation, performance evaluation and annual model reviews.
• Challenge and continually improve MRM Guidance on modeling approaches and model performance testing.
• Contribute to strategic, cross-functional initiatives within MRM organization.

There will be plenty of learning and growth opportunities with this position, from both technical and leadership perspective. The incumbent will be exposed to different areas of business operations and a variety of modeling approaches, including machine learning on top of industry standard tools.Qualifications

• Minimum of Masters degree in a quantitative field (Statistics, Mathematics, Physics, Engineering, Computer science, etc.)
• Higher academic qualifications and/or certifications such as a PhD, a second Masters degree, CPA or CFA is a plus
• Must have a strong background in statistical modelling techniques.
• Good understanding of Model Risk Management.
• Strong written and oral communication skills.

Job Family Group: Risk ManagementJob Family: Risk Analytics, Modeling, and ValidationTime Type: Full timeCiti 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 .View the " " poster. View the .View the .View the

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