Model Risk Governance, Vice President

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in risk management, analysis and stakeholder management to our Dublin based Enterprise and Governance Risk team.

Shape your career with Citi in Dublin. By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Citi has had a presence in Ireland since 1965, it was one of the first foreign banks to open an office in the country and is the Citibank Europe Plc Headquarters.

Team/Role Overview

The Model Risk Governance Vice President will be part of CEP (Citibank Europe plc) Enterprise and Governance Risk team, which is is responsible for the development and implementation of risk frameworks and policies, risk identification and assessment, oversight of formulation and adherence to Risk Appetite, oversight of model risk, risk regulatory advisory and new products. The Enterprise and Governance Risk team works alongside other Risk teams – Credit Risk, Market & Liquidity Risk, Operational Risk, Quantitative Risk and Risk Analytics – all reporting into the CEP Chief Risk Officer.

CEP Model Risk is in charge of the overall model risk management framework in the legal entity, and for the oversight of model validation activities. The role will support CEP Head of Model Risk, alongside a Risk analyst.

This role offers fantastic exposure to all business lines and functions using models in CEP, as well as opportunities to collaborate with a large range of stakeholders in Citigroup.

It would suit a candidate with the right technical skills, appetite for quantitative disciplines, but looking to gain broader experience in Risk management and governance.

What you’ll do

• Maintain a model inventory for CEP as a part of the global Model Risk Management Inventory.
• Maintain relevant Key Risk Indicators in relation to model risk appetite and prepare reports on those to the Board periodically.
• Analyse CEP model risk profile, escalating and documenting exceptions, where they are identified.
• Assist in the oversight of model risk in CEP across the model lifecycle (such as model validation, ongoing performance evaluation and annual model reviews).
• Assist in the review of internal controls around model risk in CEP.
• Assist in providing effective review and challenge to Citi globally approved models in terms of their use in CEP, taking account of local regulations, business mix, portfolio type or size.
• Assist in the tracking of remediation plans for matters that are either self-identified or raised by internal / external audit and regulatory exams.
• Maintain CEP model governance documents (framework or procedures)
• Present to key CEP governance fora such as Model Control Committees, Risk Management Committee etc.
• Engage with Group Model Risk Management and other legal entities on model risk governance matters.
• Providing guidance to more junior team member.

What we’ll need from you

• Quantitative educational background preferred: advanced degree in quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering.
• Experience in a role with significant exposure to models (e.g. model development, validation, model risk governance, audit or quality assurance on models)
• Experience with local regulators on model-related matters would be an advantage.
• Good knowledge and understanding of a variety of model development and validation testing techniques across a breadth of different model types (e.g. pricing, risk, capital, credit etc.).
• Ability to handle, interpret and analyse large volumes of data and, at times, complex information.
• Ability to interpret and analyse technical documentation on models.
• Excellent communication and presentation skills.
• Ability to prepare informative reporting packages for management.
• Self-starter, ability to credibly challenge the status quo.

What we can offer you

By joining Citi Dublin, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well. Discover more here.

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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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.

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