Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
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The Credit and Operational Risk Analytics (CORA) group within Citi is looking to add Vice President for the Wholesale Credit Reserves. The Wholesale Modeling team is responsible for development of the Loan Loss Reserves (including forthcoming IFRS9 and CECL) and Liquidity models.
This is a highly visible individual contributor position within the organization, covering a wide range of responsibilities to support the risk management of Wholesale global portfolios. The successful candidate will be a part of highly productive analytical team and lead all aspects of the model development life cycle, which includes interaction with Senior Risk, Finance and Business Managers, Citi's Model Risk Management, Internal Auditors and External Regulators.
Hands on model development and performance testing for wholesale Loan Loss Reserves (including IFRS9 and CECL), Risk Capital and Liquidity models in partnership with business and Risk sponsors.
Hands on initial validation and annual model reviews with Model Risk Management as well as External Regulators and Internal Audit.
Apply critical thinking in solving complex business problems with quantitative tools in a collaborative, fast-paced environment.
Actively participate in the analysis and interpretation of results, incorporating feedback as appropriate into models and metrics.
Actively engage across all model development teams within CORA.
Prepare and deliver training materials, presentations and reports on credit risk analytics for technical and non-technical audiences.
Bachelors in Economics, Econometrics, Statistics, Math, Finance / Corporate Finance, Accounting, or an Applied Science. Masters/PhD preferred.
Extensive knowledge of Wholesale banking products at a financial institution.
2 years of experience in advanced credit risk modelling or wholesale credit risk management.
Extensive knowledge of loan commitments, credit reserves and risk capital processes.
Hands-on experience with the research, development, and implementation of credit risk models, including technical and non-technical documentation.
Excellent communication skills, verbal as well as written.
Extensive presentation experience, including interaction with senior business and risk management.
Ability to make decisions / balance aggressive timelines for deliverables amidst conflicting priorities.