MRM Validation
MRM Validation
Posted on :
20-01-2025
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1 Vacancy
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Job Description
Job Title: MRM Validation
Job Location: Bengaluru Karnataka India
Job Location Type: Hybrid
Job Contract Type: Fulltime
Job Seniority Level:
The team is responsible for development and maintenance of Model Risk Management Policy and procedures for evaluation and approval of high medium and low risk models used in global consumer risk management.
- Model Risk Management (“MRM”) provides oversight for the MRM Framework which consists of the policy processes and procedures.
- Conduct model assessment as per the requirements outlined in the MRM Policy Procedures and Guideline
- Provide effective challenge to the model design and construction and conduct incremental analysis and testing as necessary
- The assessment also requires writing a comprehensive validation report based on his / her judgment of the validation results
- Identify model limitations and ensure the appropriate remediation actions are in place and monitored
- Challenge and continually improve MRM Guidelines on modeling approaches and model performance testing
- Contribute to strategic crossfunctional initiatives within MRM organization
- This position provides a very significant amount of learning and growth opportunities from both technical and leadership perspective. The incumbent will be exposed to different areas of business operations and a variety of modeling approaches including machine learning on top of industry standard tools
- Masters with a specialization in Statistics Mathematics or other quantitative discipline
- Industry experience of 46 years and have strong written and oral communication skills
- Good knowledge in programming skills (Python SAS R etc.)
- Strong understanding of model development and validation testing techniques
- Strong Understanding of Machine learning techniques
- Knowledge of financial institution/ banking domain
Key Responsibilities
Job Family Group:
Risk Management
Job Family:
Risk Analytics Modeling and Validation
Time Type:
Full time
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.
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Employment Type
Full Time
Key Skills
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