Qualitative Models Validation Senior Analyst

Wilmington, USA
01 Oct 2020
16 Oct 2020
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

  • This position is within the Qualitative Model Validation team, which is part of the Model Risk Management (MRM) group within 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 based upon key assumptions which are primarily qualitative, e.g., based on expert judgment or other qualitative evidence.

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:

    • Critically reviewing the appropriateness of a Qualitative Model versus alternative quantitative approach with respect to the modeling objective and the available model development data

    • Producing high value models validation reports, including highlighting risks and limitations of the model.

    • Evaluating testing approach and results for individual models in accordance with MRM guidance

    • Assessing the ongoing performance monitoring of the models

    • Contributing to regulatory and internal audit related responses

    • Collaborating with other teams within Risk and the Business regarding qualitative models to facilitate compliance with our policies, procedures, and guidance.

    • Assisting with preparing the reports and other meeting materials to MRM senior management.

    • Supporting the process of designing, developing, delivering and maintaining best-in-class qualitative model validation process standards, guidance, practices, templates, and other documentation.


  • Master's Degree or equivalent in STEM or other quantitative fields required (Mathematics, Statistics, Financial Engineering, Quantitative Finance etc.) with 5-8 years of Quantitative experience.

  • Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second Master's degree, CPA or CFA.

  • Ideally 5 - 8 years of experience / knowledge of Banking, Treasury, Finance / Risk management preferred, however talented candidates with fewer years of experience will be considered

  • Demonstrate excellent partnership and teamwork skills

  • Ability to clearly and concisely formulate findings in a written form and good verbal communication skills

  • Good analytic, creative thinking and problem solving abilities

  • Adept and meticulous at analysis and documentation

  • Ability to multi-task, work well under pressure and committed to deliver under tight deadlines

  • Knowledge of financial markets and products

  • Qualitative or quantitative model risk management experience is a plus

  • Experienced user of Microsoft Office Suite, especially Excel, PowerPoint and Word. Knowledge of SAS or R language would be a plus.

  • Solid knowledge of time series analysis, statistics and econometrics would be highly advantageous.

Job Family Group:
Risk Management
Job Family:
Risk Analytics, Modeling, and Validation
Time Type:

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