Model/Analysis/Validation Officer
Apply NowCompany: Citigroup, Inc
Location: Schaumburg, IL 60193
Description:
Citibank, N.A. seeks a Model/Analysis/Validation Officer for its Schaumburg, Illinois location.
Duties: Develop and validate loss forecasting models for Citi U.S. Personal Banking portfolios including credit cards, installment loans and mortgages. Ensure models meet the regulatory requirements and the industry standards including Comprehensive Capital and Analysis Review (CCAR), Dodd-Frank Act Stress Tests (DFAST), and Current Expected Credit Losses (CECL). Obtain and prepare model development data. Select the champion modeling methodology after evaluating multiple options. Develop sophisticated statistical models to meet the regulatory requirements, using various tools and technologies including SAS, SQL and UNIX. Perform all required tests including sensitivity and back-testing. Validate models, recalibrate post-production models to incorporate latest data, and redevelop as needed. Produce and maintain comprehensive model documentation. Work closely with cross functional teams, including country and region's business stakeholders, model validation and governance teams, and model implementation team. Prepare responses and presentations to regulatory agencies on all models built. 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 Statistics, Mathematics, Finance, Economics, Operations Research or a closely related quantitative field, and 2 years of experience as a Quantitative Analyst, Statistical Modeler, Senior Modeler, or related position involving developing econometric loss forecasting models for the financial services industry. 2 years of experience must include: Analyzing risk trends and risk factors; Programming in SAS, SQL & UNIX; Developing statistical models; U.S. regulatory requirements for stress testing, including CCAR, DFAST and CECL; and consumer finance products including credit cards and personal loans. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #25847699. EO Employer.
Wage Range: $151,300 to $160,300
Job Family Group: Risk Management
Job Family: Risk Analytics, Modeling, and Validation
Job Family Group:
Job Family:
Time Type:
Full time
Primary Location:
Schaumburg Illinois 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.
Anticipated Posting Close Date:
May 13, 2025
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 Accessibility at Citi.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
Duties: Develop and validate loss forecasting models for Citi U.S. Personal Banking portfolios including credit cards, installment loans and mortgages. Ensure models meet the regulatory requirements and the industry standards including Comprehensive Capital and Analysis Review (CCAR), Dodd-Frank Act Stress Tests (DFAST), and Current Expected Credit Losses (CECL). Obtain and prepare model development data. Select the champion modeling methodology after evaluating multiple options. Develop sophisticated statistical models to meet the regulatory requirements, using various tools and technologies including SAS, SQL and UNIX. Perform all required tests including sensitivity and back-testing. Validate models, recalibrate post-production models to incorporate latest data, and redevelop as needed. Produce and maintain comprehensive model documentation. Work closely with cross functional teams, including country and region's business stakeholders, model validation and governance teams, and model implementation team. Prepare responses and presentations to regulatory agencies on all models built. 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 Statistics, Mathematics, Finance, Economics, Operations Research or a closely related quantitative field, and 2 years of experience as a Quantitative Analyst, Statistical Modeler, Senior Modeler, or related position involving developing econometric loss forecasting models for the financial services industry. 2 years of experience must include: Analyzing risk trends and risk factors; Programming in SAS, SQL & UNIX; Developing statistical models; U.S. regulatory requirements for stress testing, including CCAR, DFAST and CECL; and consumer finance products including credit cards and personal loans. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #25847699. EO Employer.
Wage Range: $151,300 to $160,300
Job Family Group: Risk Management
Job Family: Risk Analytics, Modeling, and Validation
Job Family Group:
Job Family:
Time Type:
Full time
Primary Location:
Schaumburg Illinois 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.
Anticipated Posting Close Date:
May 13, 2025
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 Accessibility at Citi.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting