Sr. Quantitative Model Developer Economic Forecasting, SVP

$176,720 - $265,080/Yr

Citigroup - New York, NY

Full-time - Mid Level

New York, NY

Credit Intermediation and Related Activities

About the position

The Sr. Quantitative Model Developer is a strategic professional responsible for developing advanced models for macroeconomic forecasting. This role requires a strong technical background in quantitative model development, along with a solid understanding of economic concepts. The position involves leading model development efforts, conducting analytical research, and mentoring junior developers, while also communicating results effectively to various stakeholders.

Responsibilities

• Lead model development efforts to build best-in-class models for macroeconomic concepts such as GDP, unemployment, HPI, exchange rates, interest rates, and credit spreads.
• Conduct rigorous analytical research to identify causal drivers and support methodological approaches.
• Serve as an expert resource in econometrics and statistical testing.
• Provide guidance to junior model developers.
• Produce macroeconomic scenario forecasts for regulatory processes like CECL, CCAR, and IFRS 9.
• Utilize Python to build and test statistical models, ensuring clean, efficient, and well-documented code.
• Communicate results to diverse audiences.
• Participate on teams to solve business problems.
• Identify modeling opportunities that yield measurable business results.

Requirements

• 4+ years of post-PhD work experience, or 5+ years of post-Master's work experience.
• Strong understanding of quantitative model development approaches, preferably from experience at a peer financial institution.
• Experience as a lead model developer, including mentoring and guiding junior developers.
• Very strong knowledge of econometrics, with some knowledge of time series econometrics.
• Understanding of machine learning approaches like XGBoost is helpful.
• Practical experience writing programs to build and test predictive models.
• Proficient in Python.
• Solid understanding of economic concepts.
• Demonstrated clear and concise written and verbal communication skills.
• Self-motivated and detail-oriented.
• Demonstrated project management and organizational skills, capable of handling multiple projects.

Nice-to-haves

• Experience in macroeconomic model development.
• Knowledge of machine learning techniques.

Benefits

• Medical, dental & vision coverage
• 401(k)
• Life, accident, and disability insurance
• Wellness programs
• Paid time off packages including vacation, sick leave, and paid holidays