Model Validation Senior Analyst, Assistant Vice President

Overview

Independently test and challenge credit, market and operational risk models within Citi's Model Risk Management organization, including credit risk tools and loss given default analyses.

What you'll do

• 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.

What you'll need

• 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.

Details

• Full-time role.
• Hybrid arrangement: 3 days in the office and 2 days working remotely each week.
• Location: Bangalore, Karnataka, India.