Head of FP&A Model Development – C16

Citi • New York, NY

3d • $250,000 - $500,000

About The Position

The Head of FP&A Model Development leads Citi’s global FP&A Model Development organization, providing strategic direction for the design, development, implementation, and governance of forecasting models supporting balance sheet, P&L, capital, and business planning activities. Reporting to the Head of FP&A, the role leads teams of senior quantitative professionals through multiple layers of management and serves as a member of the functional leadership team.

The position calls for deep expertise in quantitative modeling, forecasting methodologies, and emerging AI/ML capabilities, together with a strong understanding of financial services, business strategy, and regulatory expectations. The role shapes long-term modeling strategy, drives innovation and execution at scale, influences senior stakeholders and regulators, and ensures modeling capabilities support critical business decisions and enterprise objectives.

The role is based in New York, New York. The listed full-time salary range is $250,000 to $500,000. Citi may also provide eligible employees discretionary and formulaic incentive and retention awards. Benefits include medical, dental, and vision coverage; 401(k); life, accident, and disability insurance; wellness programs; and paid time off, including vacation, sick leave, and paid holidays. Offerings may vary by jurisdiction, job level, and date of hire.

Requirements

• 15+ years of experience.
• Advanced degree, preferably a Ph.D. or master’s in a quantitative discipline such as Economics, Econometrics, Finance, Mathematics, or Statistics, or equivalent demonstrated experience and capabilities.
• Deep subject matter expertise in the relevant area of focus.
• Experience developing AI/ML forecasting methodologies and managing developers of those methodologies.
• Experience with and exposure to internal or external control functions and regulators, including in the United States.
• Ability to challenge business management and escalate issues when appropriate.
• Strong analytical abilities, including root-cause analysis and structuring solutions to complex issues through to resolution with senior stakeholders.
• Clear and concise written and verbal communication skills, including the ability to explain complex problems and solutions.
• Ability to interact and communicate effectively with senior leaders.
• Ability to influence and lead people across cultures at a senior level, using sound judgment and effective execution across diverse businesses.
• Track record of assessing and managing competing priorities.
• Comfort operating in complex, highly matrixed organizations and acting as an agile and flexible agent for positive change.
• Effective negotiation skills, a proactive and no-surprises approach to communicating issues, and the strength to sustain independent views.
• Advanced presentation and relationship-management skills.
• Motivation, attention to detail, organization, and a team-oriented approach.

Nice To Haves

• Demonstrated experience and capabilities in advanced financial topics, such as through published academic research.

Responsibilities

• Lead development, enhancement, implementation, and ongoing governance of balance sheet and P&L forecasting models across Citi’s global product portfolios.
• Establish and execute the FP&A model development strategic roadmap, ensuring forecasting methodologies are robust, scalable, and aligned with business, financial, and regulatory objectives.
• Partner with Model Risk Management throughout the model lifecycle, including validation, performance monitoring, annual recalibration, redevelopment, and remediation, to maintain effectiveness and compliance with governance standards.
• Ensure forecasting models, risk analytics, and validation frameworks support scenario-based forecasting, including development and evaluation of econometric assumptions and economic indicators.
• Partner with senior Finance, Risk, and business leaders to set model development priorities, provide insight into forecast outcomes, and secure alignment on modeling approaches.
• Serve as the senior point of accountability for regulatory engagement on forecasting models, including documentation, governance reviews, examinations, and presentations to regulatory authorities.
• Define and promote modeling standards, best practices, infrastructure requirements, and enabling technologies to strengthen forecasting capabilities and operational efficiency.
• Lead a global organization of quantitative modeling professionals through multiple management layers, overseeing talent development, organizational design, succession planning, and team performance.
• Provide leadership through portfolio reviews, business assessments, peer reviews, and targeted remediation, serving as an advisor on forecasting and modeling across businesses and geographies.
• Evaluate model performance, identify emerging risks and opportunities, and ensure timely resolution of model limitations, performance concerns, and governance issues.
• Assess risk in business decisions, safeguard the firm, clients, and assets, drive compliance with applicable laws, rules, regulations, and policy, apply sound ethical judgment, and transparently escalate, manage, and report control issues.
• Supervise others effectively and create accountability for maintaining required standards.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• 401(k)
• Life insurance
• Accident insurance
• Disability insurance
• Wellness programs
• Paid vacation
• Paid sick leave
• Paid holidays
• Eligible employees may receive discretionary and formulaic incentive and retention awards

What This Job Offers

• Job Type: Full-time
• Career Level: Executive