CITI Hiring for Risk Modeling Analyst Ii at Mumbai, Maharashtra, India Full Time

Job Description

• The Model/Anlys/Valid Analyst II is a developing professional role. Applies specialty area knowledge in monitoring, assessing, analyzing and/or evaluating processes and data. Identifies policy gaps and formulates policies. Interprets data and makes recommendations. Researches and interprets factual information. Identifies inconsistencies in data or results, defines business issues and formulates recommendations on policies, procedures or practices. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards.
• Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own team
• Responsibilities:
  • Obtain and conduct QA/QC on all data required for CCAR/CECL/Decision Scores model development
  • Develop segment and/or account level CCAR/CECL/Decision Scores models. Developing Underwriting, Line management, Account management, Collection and Recovery models.
  • Executing the above models in compliance with GCCFRP and in accordance with the Model Development Procedures within Risk
  • Validate/recalibrate all models annually to incorporate latest data. Redevelop as needed.
  • Perform all required tests (e.g. sensitivity and back-testing). Deliver comprehensive model documentation and perform implementation tests
  • Work closely with cross functional teams, including business stakeholders, model validation and governance teams, and model implementation team
  • Work closely with policy managers in establishing the swap set analysis and PnL optimization using the models.
  • Create story boards, presentations and project plans for discussions with senior management
  • Support the regulatory submissions for Citi on CCAR/CECL and work on adhoc requests from Business and Independent Risk
  • Prepare responses/presentations to regulatory agencies on all CCAR models built
  • Train and mentor junior modeler in developing innovative models in compliance with policies and procedures

  Qualifications:

  • Advanced Degree (Masters required, PhD preferred) in Statistics, Applied Mathematics, Operations Research, Economics, MBA (Finance), or other highly quantitative discipline
  • 2+ years’ experience in performing quantitative analysis, statistical modeling, loss forecasting, loan loss reserve modeling, and particularly econometric modeling of consumer credit risk stress losses
  • Experience with dynamics of unsecured products a strong plus
  • Expected to work with moderate supervision and guidance
  • Ability to work effectively in cross functional teams, including country/region’s business stakeholders, model validation and governance teams, and model implementation team
  • Exposure to various stress loss modeling approaches at the segment or account level preferred
  • Able to communicate technical information verbally and in writing to both technical and non-technical audiences
  • Strong technical skills in modeling procedures is required (regression, time series, decision tree, linear/nonlinear optimization etc.)
  • Strong in SAS/SQL/Oracle/Unix/Microsoft Word, Excel and PowerPoint
  • Basic programming skills in Python or R is required
  • Strong communication skills to present technical information verbally and in writing to both technical and non-technical audiences is required.
  • On-the-job Python coding experience is preferred.
  • Machine Learning knowledge is preferred
  • Big Data concepts understanding is preferred

  Education:

  • Bachelor’s/University degree or equivalent experience

– 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