Senior Qualitative Model Validator

Join our Qualitative Model Validation team! If you have a problem solving mindset, enjoy challenging status quo and want to develop in financial forecasting, stress testing, and analyzing different risk categories this role might be for you!

Qualitative Model Validation team is an expert function within Risk organization that consists of finance, statistics, and risk professionals responsible for review and assessment of qualitative models. Model Validator confirms that models are used appropriately by the business and that model weaknesses are successfully captured and mitigated by Model Owner. This is accomplished by review of model data, assumptions, and outputs, challenging them, and evidencing results in a review final report.

Qualitative Models rely on qualitative estimation approach such as expert judgment or forecast workshop rather than on quantitative techniques such as regression techniques and machine learning algorithms. Qualitative Models are widely used in areas such as stress testing and financial planning. We are working in a dynamically developing international team reviewing a large variety of models covering numerous areas and banking products.

Key activities include:

• Performing independent validation of qualitative models across the firm, in line with the Citi Model Risk Management Policy and procedures. This includes:
  • Reviewing appropriateness of a qualitative Model versus alternative quantitative approaches
  • Analyzing the model design, and assumptions and challenging them to identify best solution
  • Investigating judgmental inputs used during forecasting and comparing with trends and industry standards
  • Assessing development approach and testing results for individual models provided by Model Sponsor
  • Evaluating model performance on ongoing basis
  • Writing high quality validation reports, highlighting risks and limitations of the model
  • Working with Model Sponsor to resolve model issues
• Collaborating with other teams within Risk and the Business regarding qualitative models to ensure compliance with our policies, procedures, and guidance
• Supporting the process of designing, developing, delivering and maintaining best-in-class qualitative model validation process standards, guidance, practices, templates and other documentation

Qualifications:

• Minimum Bachelor’ degree in Finance or Economics, or quantitative discipline (statistics,  mathematics). Candidates with other background with experience in banking or finance industry will be considered
• 2 - 3 years of experience / knowledge of Banking, Treasury, Finance or Risk management preferred
• Strong analytic, creative thinking and problem solving abilities
• Ability to formulate findings clearly and concisely in a written form
• Good communication skills and ability to justify analysis results when challenged
• Ability to multi-task, work well under pressure and committed to deliver under tight deadlines
• PRM or FRM certification would be a plus
• Knowledge of time series analysis, statistics and econometric would be a plus

What we offer:

• Work in a challenging area of the financial industry with one of the world's leading companies with exposure to variety of products, processes and controls
• Position with multiple development opportunities including internal promotion
• Opportunity to develop in multiple areas such as as financial forecasting, stress testing, modeling market risk, operational risk and credit risk
• Cooperation with a high quality, international, multicultural and global team
• Work in a friendly and diversified environment, appreciating differences in style and perspective and using them to add value to decisions leading to organizational success
• Management supporting balanced and agile work (flexible working hours, home office)
• Attractive benefits package (Benefit System, medical care, pension plan etc.)
• A chance to make a difference with various affinity networks and charity initiatives

If you need more information please contact with Magdalena Rożkowicz (magdalena.rozkowicz@citi.com) or  Piotr Buzala (piotr.buzala@citi.com).

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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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