Citibank, N.A. seeks a Model/Analysis/Validation Officer for its New York, New York location.

Duties: Ensure all credit risk models are compliant with external regulatory agencies: Office of the Comptroller of the Currency, Federal Reserve Board, and Consumer Financial Protection Review (OCC, FRB and CFPB) and internal policies and procedures. Perform quantitative assessment of statistical and machine learning models to test for discrimination against protected classes by analyzing model structure, inputs, and outputs through Fair Lending analytical frameworks. Use statistical and non-statistical modeling expertise and analytical skills to validate credit risk models such as scorecards for predicting risk behavior and non-scoring models for underwriting strategies. Provide insights on model performance and recommendations regarding ongoing usage of credit risk models. Coordinate and Liaise with Policy and Development teams to assist management with new model approval and model change from Fair Lending and Legal perspective. Validate, implement, and measure model performance using principles of modeling and credit risk management. Evaluate and monitor results for models. Present on on-going monitoring results highlighting risks associated with model deterioration. Ensure models are developed and used in compliance with internal and external regulatory guidelines. Engage with external regulators (OCC and FRB) and Internal Audit to evidence transparent and compliance with external rules and internal policies. Support Credit Risk portfolio through development of risk modeling solutions. Ensure timely submissions of Ongoing Performance Assessments (OPAs), Annual Model Reviews (AMRs), Model Change Addendums (CAs), and review limitations of models through Model Risk Management tracking platform. Write codes for SAS automation and monitoring for validation and governance activities. Conduct independent reviews of risk processes that drive insights to determine eligibility for End User computing. Engage with business risk team to complete regular risk and control monitoring (ARCM) assessments. 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 Statistics, Financial Engineering, Economics, Mathematics, or related field and 2 years of experience as a Model Governance Analyst, Model/Analysis/Validation Analyst, Business Analyst, or related position involving fair lending and credit risk management for the financial services industry. Alternatively, employer will accept a Bachelor’s degree in the specified fields and 5 years of progressive, post-baccalaureate experience in the above positions. 2 years of experience must include: Credit risk management; Fair lending rules and practices; Quantitative analysis and modeling for decision models, policy strategies, segmentation, decision tree, machine learning, time series, and optimization; Model risk management; SAS, SQL, and R; and UNIX. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #25839489. EO Employer.

Wage Range: $162,200 to $200,000

Job Family Group: Risk Management

Job Family: Risk Analytics, Modeling, and Validation

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Job Family Group:

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

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.

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Anticipated Posting Close Date:

May 16, 2025

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Citi is an equal opportunity and affirmative action employer.

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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