24798533 - Stress Testing and Model Risk Expert - VP

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in risk analysis, data science, problem solving and communication to Citi’s Stress Testing and Risk Analytics Team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team / Role Overview:                                                                                                                                                   Citi’s Stress Testing and Risk Analytics Team supports Citi’s missions through ensuring the foundation of our business – our global presence through branches and subsidiaries – have themselves strong capital, liquidity and risk disciplines.  The team provide cross-risk-stripe support for Internal Capital Adequacy Assessment Process (ICAAP) and Regulatory stress tests, working to ensure global capabilities are fit-for-purpose and appropriately aligned to the local country requirements.  In that, we are further expanding our support for market and counterparty credit risk, and this role will form a key part of that expansion.   

The successful individual will have experience in Trading Book risk management, models and reporting and will be keen to take that to a broader level spanning the global reach of Citi and supporting coherent risk assessment in our stress tests.

What you’ll do:

• Develop models and approaches to their deployment, enhance reporting and provide intelligent insight into what model outputs mean.  Ensure all models deployed are validated and overlays processed in compliance with Citi’s model risk policies.
• Manage model risk across the model life-cycle including model validation, point-of-use analysis, ongoing performance evaluation and annual model reviews.
• Innovate and develop new analytics, automation, intelligent insight and reporting used to manage capital and liquidity risk for Citi's branches and subsidiaries – all with a view to our global Risk & Controls under the banner of our Enterprise Risk Management Framework.
• Work to triage and translate local requirements into model development, tracking change through the end-to-end lifecycle and deployment of new capabilities.
• Communicate results and insight to diverse audiences across geographies, business lines and country management.
• Innovate; use data science and real-world risk experience to deliver intelligent insight in a controlled environment.
• Participate in our forward-looking team culture; work across boundaries and build strong global networks.
• Represent the bank in interactions with regulatory agencies, as required.
• Present model insight and validation findings to senior management and supervisory authorities.

We are always guided and instructed by the need to appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.

What we’ll need from you:

• Solid experience in risk disciplines and a desire to expand your horizons both geographically and across different risk stripes.
• Previous market risk management experience and/or strong quantitative modelling skills preferred.
• Strong desire to develop critical thinking across risk disciplines.
• Demonstrates clear and concise written and verbal communication skills.
• Self-motivated and detail oriented; appetite to succeed in a learning environment.
• Demonstrated project management and organizational skills.
• Data Science skills to expand upon team capabilities – highly desirable.
• Bachelor’s/University degree or equivalent experience. Masters an advantage.

What we can offer you:                                                                                                                                                                                                             Horizons that span geographies, business lines and risk stripes.  A chance to look across the firm and really understand the intrinsic value of the firm.  Stress testing in a financial institution is the other side of the coin from a bank equity analyst, and a great opportunity to learn. You will be part of team with a focus on development and a learning environment, offering opportu