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Analyst and Model Developer for Operational Risk, VP

Company: Citi
Location: Garland
Posted on: November 25, 2022

Job Description:

Job DescriptionOperational 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 used.The position requires a strong balance between an ability to understand the practical business context, reasoning and modeling skills, 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.Description:

  • Work with colleagues in Risk Management to understand the drivers of losses and the business context to improve the design of qualitative framework analytics.
  • Develop qualitative stress loss models for operational risk models, leveraging both qualitative (e.g., Manager's Control Assessment results) and quantitative data sources
  • 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 controls. -
  • 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 regulatory compliance. -
  • Actively participate in the analysis and interpretation of results, incorporating feedback as appropriate into models and metrics. -
  • Provide timely and accurate response to business, management, and regulators. -Participate in discussions with model validation, internal and external audits, and regulatory reviewsQualifications:
    • Master's degree in a quantitative discipline such as statistics, economics, math, or other sciences.
    • 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.---------------
    • 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 and qualitative modelling techniques
    • Programming skills are required. - MATLAB, SAS, SQL, and R are helpful but prior experience in them is not required.-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Operational Risk------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location: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 veteran.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .View the "" poster. View the .View the .View the -----------------------------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, Garland , Analyst and Model Developer for Operational Risk, VP, Professions , Garland, Texas

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