Citi Hiring Regulatory Model Monitoring Analyst I | Bangalore

This role focuses on monitoring model performance, managing production processes, and supporting model implementation for CCAR, DFAST, ICAAP, and CECL stress loss models across Citi’s product portfolios in the US and international markets.

Roles and Responsibilities

• Implement models from development into the production environment and obtain updated data from countries or regions and Risk Architecture to run primary and benchmark CCAR models. Maintain documentation for all production activities including model implementation and performance tracking.
• Execute quarterly model prediction performance back-testing and perform sensitivity analysis to assess accuracy and other required performance triggers for production models.
• Conduct diagnostic analytics when model performance shifts are observed, identifying potential drivers behind the changes.
• Document and review base and stress CCAR model performance with assigned countries and regions on a quarterly basis. Support regional teams in applying CCAR and DFAST models for business activities such as loss forecasting, benchmarking forecasts, and evaluating lending segment risks.
• Review model performance and analyze drivers of gaps or deterioration together with MRM, IRMO, and regional or country risk managers.
• Perform formal annual model reviews in line with Model Risk Management (MRM) standards and guidance.

Qualifications

• Degree in Statistics, Applied Mathematics, Operations Research, Economics, or another highly quantitative technical discipline.
• 0 to 2 years of experience in quantitative analysis, statistical modeling, loss forecasting, loan loss reserve modeling, or econometric modeling related to consumer credit risk.
• Strong working knowledge of SAS programming with the ability to code from scratch and automate SAS processes.
• Experience working in UNIX environments and handling FTP sessions using tools such as Putty or Tectia.
• Familiarity with executing model development or model performance tracking within an analytical stress loss modeling process.
• Experience implementing and monitoring models across consumer products or multiple business lines.
• Ability to deliver technical presentations to regional teams, internal oversight groups, regulators such as FRB, OCC, FDIC, and internal audit functions.
• Tableau, advanced Excel, and VBA automation programming are considered advantageous.
• Knowledge of code versioning tools such as Bitbucket and job scheduling using Autosys is a plus.