Qualitative Models Validation Senior Analyst
Company: Citigroup Inc.
Location: Irving
Posted on: August 5, 2022
|
|
Job Description:
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.Citi's Mission and Value Proposition explains
what we do and Citi Leadership Standards explain how we do it. Our
mission is to serve as a trusted partner to our clients by
responsibly providing financial services that enable growth and
economic progress. We strive to earn and maintain our clients' and
the public's trust by constantly adhering to the highest ethical
standards and making a positive impact on the communities we serve.
Our Leadership Standards is a common set of skills and expected
behaviors that illustrate how our employees should work every day
to be successful, and strengthens our ability to execute against
our strategic priorities.Diversity is a key business imperative and
a source of strength at Citi. We serve clients from every walk of
life, every background, and every origin. Our goal is to have our
workforce reflect this same diversity at all levels. Citi has made
it a priority to foster a culture where the best people want to
work, where individuals are promoted based on merit, where we value
and demand respect for others, and where opportunities to develop
are widely available to all.This position is with the Qualitative
Model Validation team and is part of the Model Risk Management
(MRM) group, which resides in the Risk organization. The
Qualitative Model Validation team is responsible for reviewing and
assessing qualitative models as part of Citi's Model Risk
Management framework. The main objectives are to ensure that
qualitative models are used appropriately by the business and that
model users are aware of the models' limitations and weaknesses
that should be mitigated by compensating controls. A qualitative
model is a model whose output is largely or entirely dependent upon
key assumptions which are primarily qualitative in nature (but may
have quantitative components, e.g., models that are partially based
on expert judgment or other qualitative evidence.) Qualitative
models are held to the same high standard as all models at Citi,
and are guided by the same principles outlined in supervisory
guidance letter SR 11-7.Key Activities include:Performing
independent validation of qualitative models across the firm, in
line with the Citi Model Risk Management Policy and Procedures.
This includes:
Keywords: Citigroup Inc., Irving , Qualitative Models Validation Senior Analyst, Accounting, Auditing , Irving, Texas
Click
here to apply!
|