Model Validation 2nd LOD Sr. Analyst
Citibank, N.A. seeks a Model Validation 2nd Line of Defense Senior Analyst for its Long Island City, New York location.
Duties: Manage and assess model risk throughout the entire lifecycle of Wholesale Credit Risk models, including initial validation, ongoing performance monitoring, and periodic re-validations/annual reviews. Perform independent and comprehensive validation of Wholesale Credit Risk models, including, but not limited to, those utilizing methodologies such as statistical, numerical, or mathematical approaches for the modeling of PD, LGD, EAD, ECL, and Loan Pricing. Evaluate the completeness, accuracy, and relevance of data inputs used in Wholesale Credit Risk models, including their impact on model outputs and overall performance, with particular attention to data specific to ECL and Loan Pricing projection. Design and execute advanced quantitative and statistical testing, including scenario analysis, stress testing, and backtesting, using programming languages such as Python, R, or SAS, to evaluate model integrity, stability, and predictive performance. This includes reviewing model performance against macroeconomic conditions based on drivers across different industries, regions, and product types. Analyze the impact of various macroeconomic scenarios on the bank's credit portfolio, particularly when validating models used for stress testing, capital adequacy, and ECL estimation. Produce detailed, transparent, and high-quality model validation reports that clearly articulate findings, limitations, and recommendations, adhering strictly to Model Risk Management Policy and Execution Manuals. Quantify and communicate model risk associated with identified limitations, providing actionable insights for stakeholders to understand their risk profiles and develop appropriate compensating controls. 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 Mathematics, Finance, Statistics, or related quantitative field and 1 year of work or internship experience as a Model Developer, Model Validator, Risk Analyst, Financial Analyst, Quantitative Analyst or related position involving developing or validating statistical and quantitative models for financial risk management or quantitative research. Alternatively, employer will accept a Bachelor’s degree in the stated fields and 3 years of the specified experience. Full span of experience must include: Developing effective challenges to model development process; Validating mathematical and statistical models, including Derivatives Pricing, Monte Carlo Simulation, Ordinary Least Square Regression, Time Series Analysis, Logistic Regression, or Classification, and evaluating conceptual soundness of the model and mathematical formulation; Assessing adequacy and relevancy to modeling data, and assessing model performance under different specifications and scenarios, and testing sensitivity of credit risk models to macroeconomic risk drivers; Performing data analysis and executing quantitative and statistical tests using SAS/R, including Statistical Diagnostic Test, Sensitivity Analysis, Scenario Analysis, Stress Testing, Benchmarking, Backtesting, and Impact Analysis; Conducting portfolio loss simulations and tests on model convergence and performance using Python and C++; and Programming numerical and closed-form pricing models using Python and VBA. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #26990179. EO Employer.
Wage Range: $140,800 to $153,300
Job Family Group: Risk Management
Job Family: Model Validation
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Job Family Group:
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Job Family:
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Time Type:
Full time------------------------------------------------------
Primary Location:
Long Island City New York United States------------------------------------------------------
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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Most Relevant Skills
Wholesale Lending Operations Management.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Anticipated Posting Close Date:
Nov 02, 2026------------------------------------------------------
Automated Processing and AI
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
Illinois residents - AI Notice and Right
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