Model/Analysis/Validation Senior Analyst

Citi • Irving, TX

6d • Hybrid

About The Position

Citibank, N.A. seeks a Model/Analysis/Validation Senior Analyst for its Irving, Texas location.
Duties: Develop methodologies for testing model and portfolio robustness, stability and performance to support credit risk analysis and risk rating assessment. Perform reliability analysis to identify and resolve data quality issues. Use statistical analysis tools Python, SAS and SQL to review advanced credit models used for risk rating processes. Develop and maintain technical documentation for best risk rating practices and processes, including project plans, model descriptions, portfolio risk practices, derivations, data analysis, process and quality controls. Lead reviews and performance-testing for credit-risk rating process and rating methodologies. Evaluate internal and external practices, including rating agency write-ups, Basel and local regulatory requirements, industry analysis, and internal research. Write portfolio risk rating studies regarding the probability of default, source of obligor risk ratings, subsidiary analyses and benchmarking to external rating agencies as needed. Evaluate judgmental risk ratings to determine if underlying process is acceptable. Collaborate in the analysis and interpretation of results, and incorporate feedback into models and risk rating processes. Provide timely and accurate responses to stakeholders regarding banking products, and queries on models, methodologies and bespoke structures. Interact with model validation teams, auditors and regulatory reviewers to ensure compliance. Address identified issues to maintain the integrity of our risk management framework. Develop and deliver comprehensive training materials, presentations, and reports on credit risk analytics for technical and non-technical audiences. Communicate findings and recommendations to stakeholders. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements

• Requires a Master’s degree, or foreign equivalent, in Finance, Statistics, or related field and 3 years of experience as a Model Risk Auditor, Model Validator, Senior Analyst, or related position involving statistical analysis and financial modeling to assess risk. Alternatively, employer will accept a Bachelor’s degree in the stated fields and 5 years of the specific progressive post-baccalaureate experience.
• 3 years of experience must include: Data preprocessing, analysis, and modeling using Python libraries; Evaluating risk metrics and factors, including probabilities of default and Loss Given Default (LGD) trends, financial ratios, borrower characteristics, and macroeconomic indicators; Developing Python scripts and notebooks to automate data processing tasks and generate visualizations; Analyzing credit risk rating to assess accuracy, reliability, and predictive power; Evaluating the performance of credit risk rating systems through statistical metrics; Writing SQL queries and utilizing SQL functions to extract, transform, aggregate and validate data; Database management and administration; Financial modeling to analyze credit risk, financial performance, and business outcomes; Quantifying credit risk, assessing risk exposure, and estimating key risk metrics utilizing statistical analysis, modeling, and methods; Conducting comprehensive studies to assess portfolio risk; Tableau to create interactive and dynamic dashboards, charts, and graphs, and provide insight into credit risk; and Integrating Python and R for advanced analytics and statistical modeling to enhance credit risk analysis with predictive modeling techniques and machine learning algorithms.

Responsibilities

• Develop methodologies for testing model and portfolio robustness, stability and performance to support credit risk analysis and risk rating assessment.
• Perform reliability analysis to identify and resolve data quality issues.
• Use statistical analysis tools Python, SAS and SQL to review advanced credit models used for risk rating processes.
• Develop and maintain technical documentation for best risk rating practices and processes, including project plans, model descriptions, portfolio risk practices, derivations, data analysis, process and quality controls.
• Lead reviews and performance-testing for credit-risk rating process and rating methodologies.
• Evaluate internal and external practices, including rating agency write-ups, Basel and local regulatory requirements, industry analysis, and internal research.
• Write portfolio risk rating studies regarding the probability of default, source of obligor risk ratings, subsidiary analyses and benchmarking to external rating agencies as needed.
• Evaluate judgmental risk ratings to determine if underlying process is acceptable.
• Collaborate in the analysis and interpretation of results, and incorporate feedback into models and risk rating processes.
• Provide timely and accurate responses to stakeholders regarding banking products, and queries on models, methodologies and bespoke structures.
• Interact with model validation teams, auditors and regulatory reviewers to ensure compliance.
• Address identified issues to maintain the integrity of our risk management framework.
• Develop and deliver comprehensive training materials, presentations, and reports on credit risk analytics for technical and non-technical audiences.
• Communicate findings and recommendations to stakeholders.

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

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