Job Description

As a Model Validation Analyst, Assistant Vice President, you will strengthen Citi's model risk management framework by independently testing and challenging the credit, market, and operational risk models that guide key business decisions. Working within Citi's Model Risk Management organization, you will validate models such as credit risk tools and loss given default analyses, assess their ongoing performance, and confirm they meet rigorous regulatory and internal standards. Your work will directly support the integrity of Citi's risk assessment practices and help protect the firm's financial stability.

Responsibilities

• Conduct model validations, annual model reviews, ongoing monitoring reviews, and remediation reviews for credit, market, and operational risk models, including product types such as precious metals models.
• Challenge model development approaches for low and medium risk-rated models to confirm alignment with Citi's Model Risk Management Policy.
• Evaluate testing methodologies and results for individual models against established model risk management guidance.
• Monitor ongoing model performance to identify emerging risks and confirm continued model reliability.
• Support regulatory examinations and internal audit requests by contributing accurate, well-documented responses.
• Partner with risk and business teams to assess qualitative models and promote adherence to governance policies and procedures.
• Prepare reports and materials that communicate validation findings to senior model risk management leadership.
• Help build and refine validation standards, templates, and documentation that strengthen the quality of model risk practices.

Required Qualifications & Skills

• 5 to 8 years of experience in quantitative finance, risk management, analytics, model development, or model validation.
• Background in credit risk modeling, including obligor credit risk assessment, early warning indicators, and loss given default analysis.
• Ability to evaluate key risk parameters such as default and rating migration data, usage given default data, and transition matrices.
• Strong written and verbal communication skills to document validation findings and present results to senior management.
• Proven ability to collaborate with cross-functional stakeholders and identify opportunities to streamline validation processes.
• Sound judgment in assessing risk and escalating control issues in compliance with applicable laws, regulations, and company policy.

What We Offer

Join a global model risk management function where your validation work directly shapes how Citi manages risk and meets regulatory expectations.

• Influence governance decisions by providing independent challenge on models that support Citi's risk management framework.
• Work in a hybrid arrangement with 3 days in the office and 2 days working remotely each week.
• Build technical expertise in credit risk, market risk, and quantitative modeling through hands-on validation work.
• Access structured learning and development opportunities to grow your career in risk analytics.
• Benefit from financial wellbeing programs and resources that support your long-term goals.

Apply today to help safeguard Citi's risk management practices through rigorous, independent model validation.

Job Family Group:

Risk Management

Job Family:

Model Validation

Time Type:

Full time

Most Relevant Skills

Analytical Thinking, Credible Challenge, Data Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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