Model Risk Management (MRM) is part of the Global Risk Management of Citi and is responsible for Independent Oversight of models across the firm. Citi is seeking a Vice President to join the System Strategy and Oversight Team within Model Risk Management. The role requires experience in Risk management, SDLC, Waterfall, Iterative and Agile methodologies, and expertise in Project Management and Governance. Experience in building reporting frameworks using Tableau, QlikView, or similar tools and Bigdata solutions would be a big plus. Familiarity with FRB’s Supervisory Guidance on MRM SR 11-7 and 15-18. Experience in process reengineering, simplification, controls and UAT.
Responsibilities:
The MRM System Strategy & Oversight (SSO) Lead will be responsible to:
Enhance iMRMS, the Citi Model Risk Management System in line with Model Risk Management Policy and Procedures and overall Model Risk system strategy
Collaborate with various stakeholders both within and outside Risk management to identify and define enhancements to iMRMS
Author Business requirements, re-engineer processes and system solutions to drive simplification and automation
Translate policies, procedures and guidelines into process maps and concrete tasks, identify dependencies, decision points, actors, opportunities for streamlining, etc. and build system solutions to support
Liaise with IT partners to build effective system solutions
Review Functional specifications, system design and architecture
Governance of IT projects through sound Project management enabling successful delivery of projects on time within budget
Build reporting infrastructure and capabilities to support effective model risk management capabilities for users across the firm
Ensure quality through preventive system controls and guide IT QA team
Ensure system readiness through User Acceptance testing and User training
Manage a team of professionals in India
Qualifications:
10+ years’ of working experience
Professional: Familiarity with O&T developing cycle as well as with model risk management or similar
Experiences in supporting cross functional projects with project management, technology on system enhancements
Knowledge/experience with process design and database design
Institutional knowledge/experience with Citi platforms/application is preferred
Worked with either model development or mode validation in financial institutions
Strong interpersonal skills and able to manage projects
Good communication skills, work independently, pay attention to details with ability to synthesize, multi-tasking ability, and execution skills,
Good at MS Excel for data analytics including VBA skills; MS PowerPoint for presentation slides; MS Word for business documentation; MS Visio for process flows and swim lane diagrams; MS Project for managing assigned iMRMS projects
Understanding of web based applications, data marts and big data
Problem solver mindset, hands-on, quick learner and high analytical skills
Project Management skills: keep projects on track, within budget and in adherence to scope
Collaboration skills: works as a team player, seeking to engage with others to achieve results
Practical decision maker focused on execution: Ability to recognize what the end-state should be, but to execute smaller steps in order to materialize results quickly
Thrive in uncertainty and ability to handle multiple projects concurrently
Ability to work with remote teams and in different time zones
Control and Governance mindset: documenting and filing artifacts, identifying control gaps, etc.
Education:
Job Family Group:
Risk Management
Job Family:
Risk Analytics, Modeling, and Validation
Time Type:
Full time
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