• Job Description

  Req#: 24796648

  Group Responsibilities:

  The modeling team within Citigroup’s Corporate Financial Planning and Analysis team is responsible for:

  • Developing, implementing, and maintain the models that support Citi’s Balance Sheet and Income Statement forecasting.
  • These models are used by Citi’s Business and Finance teams to support their Planning processes and are used directly as forecasting tools for the bank’s CCAR PPNR processes.
  • These models are also used by Citi’s Interest Rate Risk Management function, including supporting the Funds Transfer Pricing framework in the management of the bank’s interest rate risk.
  • The common structure of these models is that they translate projections of economic environment scenarios into forecasts for Citi’s Balance Sheet and Income Statement.
  • In addition, the team supports broader Treasury ALM quantitative analytical needs.

  Responsibilities include:

  • Develop statistical models for the forecasting of Citi’s Balance Sheet and Income Statement, for use in Citi’s business planning processes, risk management processes, and for regulatory-based stress testing processes.
  • Develop models such that the model can translate macroeconomic and financial market indicators into scenario-based forecasts.
  • Fully document all developed models for use during reviews with senior management, model validation, Citi’s business and functional teams, internal/external audit, and regulatory agencies (e.g., Fed, OCC, FDIC)
  • Partner with Citi’s business leaders such that the development, implementation, and use of developed forecasting models, ensures the appropriate design and use.
  • Maintain models inline with Model Risk Management Policy
  • Redevelop models as needed.
  • Partner with Citi’s Operations and Technology team to ensure timely, efficient, and accurate implementation of developed models.

  Qualifications:

  • Minimum 5 years of experience in developing advanced statistical models for use in a financial institution setting.
  • Advanced degree in quantitative discipline (e.g., Statistics, Economics, Finance), Ph.D. preferred.
  • Proven track record of successful independent model development, with proven track record of successful interaction with business stakeholders, internal model risk management and audit, and external regulators.
  • Experience participating in complex end-to-end model development projects (business requirements, data capture, model design, build, validation, implementation, and use).
  • Experience with developing PPNR models. Eagerness to learn about the relationship between the economic environment and the balance sheet/income statement.
  • Expert programming skills to develop statistical models in Python.
  • Intermediate SQL knowledge.
  • Experience developing models in a regulated environment (e.g., Fed, OCC, FDIC) preferred.
  • Excellent communication and interpersonal skills to allow collaboration with Citi colleagues.
  • Proven track record of successfully migrating models from development through production implementation.

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  Job Family Group:

  Risk Management

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  Job Family:

  Risk Analytics, Modeling, and Validation

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  Time Type:

  Full time

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  Primary Location:

  New York New York United States

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  Primary Location Full Time Salary Range:

  $142,320.00 - $213,480.00

  
  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.

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  Anticipated Posting Close Date:

  Jan 31, 2025

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  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

• About the company

  While we're a global bank, our mission is simple: We responsibly provide financial services that enable growth and economic progress. We strive to earn and maintain the public's trust by constantly adhering to the highest ethical standards. We ask our colleagues to ensure that their decisions pass three tests: they are in our clients' interests, create economic value, and are always systemically responsible. When we do these things well, we make a positive financial and social impact in the communities we serve and show what a global bank can do.

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