Discover your future at Citi
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Job Overview
As a Risk Model Validator, you will independently assess and challenge the models Citi relies on to measure market, credit, and operational risk. This role sits within Model Risk Management (MRM), where you will validate obligor credit risk models, early warning tools, and Loss Given Default studies that protect Citi's financial stability. You will work closely with a Validation Lead to deliver rigorous, evidence-based reviews that strengthen the integrity of Citi's risk management framework.
Responsibilities
- Perform model validations, annual model reviews, and ongoing monitoring reviews for Low and Medium Model Risk Rating models within an assigned model or product type.
- Conduct model limitation remediation reviews to ensure validated models continue to meet performance standards.
- Provide effective challenge to model development teams in line with Citi's Model Risk Management Policy.
- Monitor the ongoing performance of validated models to confirm they remain fit for purpose.
- Contribute analysis and documentation to support regulatory and internal audit responses.
- Prepare reports and meeting materials for senior model risk management stakeholders.
- Help design and maintain validation standards, templates, and documentation practices.
- Identify and escalate control issues with transparency to safeguard Citi, its clients, and its assets.
Required Qualifications & Skills
- 2 to 5 years of relevant experience in quantitative analysis, risk management, or model development.
- Strong written and verbal communication skills, with the ability to present findings clearly and concisely.
- Solid analytical, creative thinking, and problem-solving abilities.
- Meticulous attention to detail when analyzing and documenting results.
- Ability to manage multiple priorities and deliver results under tight deadlines.
- Working knowledge of time series analysis, statistics, and econometrics.
- Bachelor's or university degree, or equivalent experience.
Beneficial Skills & Qualifications
- Background in Quantitative Finance, Risk Management, Analytics, Model Development, or Model Validation.
- Programming experience in Python, MATLAB, C, C++, C#, or VBA.
- Experience developing or validating risk measurement methods and models.
- Exposure to credit risk analysis, particularly early warning tool development.
What We Offer
Join a global model risk function where your analysis directly shapes how Citi measures and manages risk across the business.
- Work in a hybrid model with 3 days in the office and 2 days working remotely each week.
- Gain exposure to a wide range of model types and risk categories across a global institution.
- Build technical and analytical expertise through structured learning and development opportunities.
- Collaborate with experienced validation leads and model risk professionals on high-impact reviews.
- Access resources supporting financial wellbeing and work-life balance.
Apply now to shape the models that safeguard Citi's financial stability.
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Model Validation------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Data Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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