Job overview:

Model risk refers to the possibility of a financial loss, incorrect business decisions, misstatement of

external financial disclosures, or damage to the company’s reputation as a result of errors in model design (data, theory, assumptions, and interpretation), errors in implementation/execution, and misapplication of model uses or unnoticed deteriorating performance. As any other financial institution, Citi relies heavily on financial and economic models for various applications (risk management, valuation, financial / regulatory reporting, customer targeting, among others). The level of sophistication of models used ranges from spreadsheet tools to complex statistical models implemented in various systems.

Citi centralized all the core processes related to model governance in a system called MRMS (Model Risk Management System). The position sits with the Risk Analytics and Data Quality team under MRM Global Inventory and Initiative Management , which encompasses data quality and user engagement.

Model Risk Management is one of the key emerging risks in banking. As such, the job offers the

opportunity to be in an area in which processes and regulation are evolving as opposed to a job where the framework to operate in is already defined and settled. Therefore, this entails high visibility in the

organization, interaction with various stakeholders ranging from model validation, CCAR, infrastructure

and O&T.

The job offers a unique opportunity to have a firm wide perspective of the models used at Citi, interact with multiple users that range from model sponsors across all businesses and functions, model developers, technology developers, model validators, model governance and model attestation coordinators.

Key responsibilities:

• The objective of the position is to support Data Quality system enhancements design and data quality corrections

• Identifying and correcting data quality issues in iMRMS

• Testing system enhancements from a user perspective as well as capturing the needs of the users

• Supporting the design BRDs of functionalities that will need to be implemented.

Key skills and qualifications:

• Proficiency in Excel (VBA), SQL/R, Python/JIRA Management

• High analytical skills and detailed oriented

• Good communication skills, attention to detail combined with the ability to synthetize for high level communication.

• Ability to design workflows: breakdown high level actions into concrete tasks, identify dependencies, decision points, opportunities for streamlining, etc.

• Collaboration skills: works a team player, seeking to engage with others to achieve results

• Practical decision maker focused on execution: Ability to recognize what the end-state should be, but to execute smaller steps in order to materialize results quickly

• Thrive in uncertainty and ability to handle multiple projects concurrently

Education:

• Bachelor’s degree in mathematics, engineering, computer science or similar preferred

• Familiarity with O&T developing cycle as well as with model life cycle

Job Family Group:

Risk Management

Job Family:

Risk Analytics, Modeling, and Validation

Time Type:

Full time

Primary Location:

Tampa Florida United States

Primary Location Full Time Salary Range:

$87,280.00 - $130,920.00

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:

Jul 09, 2024

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.

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.