Operational Risk Model Developer Analyst - Vice President
Posted on: November 20, 2022
Operational Risk Management (ORM) is looking to add a model
developer to the Operational Risk Quantification Team. The
Operational Risk Quantification Team is responsible for models that
assist management in understanding and quantifying operational
risks and meet the needs of the regulatory community (e.g., Basel,
ICAAP and CCAR). Operational Risk is a critical and important risk
type that is receiving increased focus, particularly after the
large losses suffered by the industry over the years following the
financial crisis. It is a particularly interesting and challenging
risk to quantify, given the diversity of the risks and the
potential for large losses. A combination of qualitative (e.g.
scenario analysis) and mathematical modeling approaches are
The position requires a strong balance of quantitative skills, an
ability to understand the practical business context, and written
and oral communication skills. We value domain experience but are
most focused on candidates with a strong underlying skill set who
can learn quickly and advance in responsibility.
- Work with colleagues in Risk Management to understand the
drivers of losses and the business context to improve the design of
- Develop stress loss models for operational risk models,
including regulatory capital models and CCAR models.
- Leverage knowledge of risk assessment, risk monitoring and risk
models and techniques to develop, test, document, and enhance
portfolio models, visualization and diagnostic tools for testing
model robustness, stability and performance.
- Research and analyze financial loss data, and issue special
reports identifying risk drivers, estimating financial risk and
measuring model risk.
- Develop and maintain clear documentation for methodologies and
applications; including project plans, model descriptions,
mathematical derivations, data analysis, process and quality
- Support the implementation of analytical tools by reporting
functions, and the migration of models to the production
environment. Facilitate cross-functional dialogue with business and
clients to improve risk reporting and internal and external
- Actively participate in the analysis and interpretation of
results, incorporating feedback as appropriate into models and
- Provide timely and accurate response to business, management
and regulators. Participate in discussions with model validation,
internal and external audits and regulatory reviews Qualifications:
- Masters (PhD preferred) in a quantitative discipline such as
statistics, economics, math, or other sciences.
- Operational risk experience is helpful but not required.
- 1-3+ years of financial industry experience.
- An interest and ability to learn the business, regulatory and
risk management context
- Extensive experience with statistical analysis, modelling
techniques and numerical implementations.
- Programming skills are required. Matlab, SAS, and R are helpful
but prior experience in them is not required.
- Experience in developing and maintaining clear documentation
for models, model validation, project plans and processes.
Excellent written and verbal communication skills and the ability
to discuss technical issues with clients, peers, auditors,
regulators and senior management.
Job Family Group:
Risk Management -
Irving Texas United States
Primary Location Salary Range:
$110,890.00 - $166,340.00
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
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interested applicants to apply for career opportunities. If you are
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Effective November 1, 2021, Citi requires that all successful
applicants for positions located in the United States or Puerto
Rico be fully vaccinated against COVID-19 as a condition of
employment and provide proof of such vaccination prior to
commencement of employment.
Keywords: Citi, Euless , Operational Risk Model Developer Analyst - Vice President, IT / Software / Systems , Euless, Texas
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