This Model validation role will head a team responsible for managing Model Risk of Loss Forecasting models for the North America Consumer unsecured portfolios. In this role the successful candidate will interact with model developers, model risk governance group, internal audit, and regulatory agencies when required.
Specifically the role entails:
Manage other individuals within the Model Risk validation team; Full management responsibility, ensuring motivation and development of team members
Individual will be the subject matter expert responsible for evaluating model performance of Loss Forecasting Models:
o Model evaluation will be as per the requirements outlined in the Model Risk Management Policies and Guidances related to CCAR and CECL.
o The evaluation also requires writing a comprehensive validation report based on judgment of the evaluation results
The individual is also expected to contribute in developing/enhancing MRM Policy and Guidances
The individual will support MRM team leads for MRM purpose be it policy related work or model evaluations.
The individual will be fully aware and be able to interpret the implication of policies and regulatory directives.
Desired Educational Qualification, Skills, Experience and Characteristics
Masters or Doctoral degree with a specialization in Statistics, Mathematics, Finance or other quantitative discipline. 5+ years of experience. Fewer years of experience will be considered with additional advanced degrees and/or certifications.
5+ years in relevant consumer mortgage or credit card industry experience to include loss forecasting/stress testing model development, maintenance, tracking and management
Prior people management and project management experience
Requires in-depth understanding of how each areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the entire function.
The ability to interpret and analyse large volumes of data, and at times complex information
Excellent written and oral communication skills are mandatory. Ability to recognize information and patterns in data that are not obvious, and focusing analytical efforts in pursuit of explanations, isolations of cause and effect.
Applicant with significant experience specifically in Loss forecasting and CCAR will be preferred.
Demonstrated the ability to negotiate with influence and lead individuals outside of their direct reporting line, often at a more senior level
Candidates who can demonstrate the following will be considered to have an advantage:
Applies in-depth disciplinary knowledge to provide value-added perspectives. May contribute to the development of new techniques, models and plans within area of expertise
Be comfortable working with, and articulating complex matters to senior managers
Good remote management skills
Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - US
Time Type :Full time
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Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.