Citi Senior Vice President – NA Consumer Mortgage Loss Forecasting in Irving, Texas
Primary Location: United States,Texas,Irving
Other Location: United States,New York,New York
Education: Master's Degree
Job Function: Risk Management
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 10 % of the Time
Job ID: 16066481
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi’s Mission and Value Proposition at http://www.citigroup.com/citi/about/mission-and-value-proposition.html explains what we do and Citi Leadership Standards at http://www.citigroup.com/citi/about/leadership-standards.html explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
This Model Risk Supervisor will head a team responsible for managing Model Risk of Loss Forecasting models for the North America Consumer Mortgage portfolios. In this highly visible role the successful candidate will interact with model sponsors, model developers, model risk supervision group, internal audit, and regulatory agencies.
Lead a team of Model Risk Officers to review and validate new and existing Loss Forecasting models across North America Consumer Mortgage products.
Manage model risk across the model lifecycle including model validation, performance evaluation and annual model reviews.
Represent the bank in interactions with regulatory agencies, as required.
Present model validation findings to senior management and supervisory authorities.
Guide a team to challenge and to continually improve MRM Guidance on modeling approaches and model performance testing.
Contribute to strategic, cross-functional initiatives within MRM organization.
Desired Educational Qualification, Skills, Experience and Characteristics
A Masters Degree or above with a major in mathematics, finance, statistics, econometrics, or engineering.
Must have a strong background in stochastic, econometrics, mathematical, and statistical modeling techniques.
Must have a good understanding of Model Risk and the capability to lead a team in all aspects of managing model risk through the model lifecycle.
Prior people management and project management experience; experience with managing off-shore or remote resources is a plus.
Strong written and oral communication skills are important for senior interaction and leading a team.
10+ years of experience in model development and/or model risk management. Experience with portfolio and account level Mortgage loss forecasting models (including PD, EAD, LGD, Transition Matrix, and risk scoring models) is preferred. The candidate also should have strong understanding of CCAR/DFAST requirements in the mortgage space.