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Risk Model Validator, Officer (Hybrid)

Citi Bank — Mumbai, MUMBAI

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Experience 0-5 Years yrs
Age 21-35 yrs
Gender Both
Salary Not Disclosed LPA
Department Sales Loans
Product Loans

Job Description

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

As a Risk Model Validator, you will independently assess and challenge the models Citi relies on to measure market, credit, and operational risk. This role sits within Model Risk Management (MRM), where you will validate obligor credit risk models, early warning tools, and Loss Given Default studies that protect Citi's financial stability. You will work closely with a Validation Lead to deliver rigorous, evidence-based reviews that strengthen the integrity of Citi's risk management framework.  

Responsibilities

  • Perform model validations, annual model reviews, and ongoing monitoring reviews for Low and Medium Model Risk Rating models within an assigned model or product type.
  • Conduct model limitation remediation reviews to ensure validated models continue to meet performance standards.
  • Provide effective challenge to model development teams in line with Citi's Model Risk Management Policy.
  • Monitor the ongoing performance of validated models to confirm they remain fit for purpose.
  • Contribute analysis and documentation to support regulatory and internal audit responses.
  • Prepare reports and meeting materials for senior model risk management stakeholders.
  • Help design and maintain validation standards, templates, and documentation practices.
  • Identify and escalate control issues with transparency to safeguard Citi, its clients, and its assets.

Required Qualifications & Skills

  • 2 to 5 years of relevant experience in quantitative analysis, risk management, or model development.
  • Strong written and verbal communication skills, with the ability to present findings clearly and concisely.
  • Solid analytical, creative thinking, and problem-solving abilities.
  • Meticulous attention to detail when analyzing and documenting results.
  • Ability to manage multiple priorities and deliver results under tight deadlines.
  • Working knowledge of time series analysis, statistics, and econometrics.
  • Bachelor's or university degree, or equivalent experience.

Beneficial Skills & Qualifications

  • Background in Quantitative Finance, Risk Management, Analytics, Model Development, or Model Validation.
  • Programming experience in Python, MATLAB, C, C++, C#, or VBA.
  • Experience developing or validating risk measurement methods and models.
  • Exposure to credit risk analysis, particularly early warning tool development.

What We Offer

Join a global model risk function where your analysis directly shapes how Citi measures and manages risk across the business.

  • Work in a hybrid model with 3 days in the office and 2 days working remotely each week.
  • Gain exposure to a wide range of model types and risk categories across a global institution.
  • Build technical and analytical expertise through structured learning and development opportunities.
  • Collaborate with experienced validation leads and model risk professionals on high-impact reviews.
  • Access resources supporting financial wellbeing and work-life balance.

  Apply now to shape the models that safeguard Citi's financial stability.


#LI-VR2 

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Job Family Group:

Risk Management

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Job Family:

Model Validation

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Data Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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 Citi’s EEO Policy Statement and the Know Your Rights poster.

Frequently Asked Questions

What are the eligibility criteria for the Risk Model Validator, Officer (Hybrid) job at Citi Bank?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Risk Model Validator, Officer (Hybrid) at Citi Bank?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Risk Model Validator, Officer (Hybrid) at Citi Bank.

Is prior experience required for this position?

This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Risk Model Validator, Officer (Hybrid) role at Citi Bank?

You can apply directly using the Apply Now button on this page, which will take you to Citi Bank's application process for this role.