Citibank, N.A. seeks a Model/Analysis/Validation Officer for its New York, NY location.

Duties: Support market risk analytics projects in multiple areas including Fundamental Review of the Trading Book. Develop market risk models critical for quantifying market risk exposure and calculating regulatory capital. Collaborate with Model Risk Management, Global Market Risk, and Risk IT to implement new models, resolve production issues, and enhance existing implementation. Calibrate model parameters and perform variance analysis to explain changes in model output due to parameter updates. Perform ongoing analysis of models including back testing and Profit Attribution Analysis. Collaborate with market risk managers and businesses on analytics-related matters. Support various tasks in response to regulatory and internal risk management requirements. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite in accordance with Citi policies and protocols.

Requirements: Master’s degree, or foreign equivalent, in Mathematics, Statistics, Finance, or a related quantitative field, and four (4) years of experience in the job offered or in a related occupation in the financial services industry. Four (4) years of experience must include: Developing quantitative and statistical model documentation and testing results focusing on modeling approach, justification, mathematical and market assumptions, and calibration procedures; Implementing risk models using programming languages including Python and scripts on Linux and Windows and collaborating with IT for model releases; Extracting and processing historical time series data using Python and SQL developer to perform statistical data analysis; Designing tests using Basel rules to fulfill internal business and regulatory requirements; and Addressing model risk across the complete modeling lifecycle by proposing remediation plans for model limitation, performing ongoing performance monitoring, annual model review, and revalidation. In the alternative, employer with accept a Ph.D., or foreign equivalent, in an above stated field of study, and one (1) year of experience in the job offered or in a related occupation in the financial services industry. 40 hrs./wk. Applicants submit resumes at https://jobs.citi.com/ . Please reference Job ID # 24816448. EO Employer.

Wage Range: $156,000 to $200,000/year

Job Family Group: Risk Management

Job Family: Risk Analytics, Modeling, and Validation

Job Family Group:

Job Family:

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date:

Feb 27, 2025

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Citi is an equal opportunity and affirmative action employer.

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