Model Validation Specialist
4 weeks ago
Citigroup Inc. is seeking a highly skilled Model Validation Specialist to join its team in Long Island City, New York. The successful candidate will be responsible for evaluating the conceptual soundness and mathematical formulation of models, building benchmarking models, and testing modeling assumptions.
The ideal candidate will have a strong background in statistical modeling, including linear regression, variable transformation, and selection. They will also have experience with programming and analytical tools, such as SAS, R, and Excel. Additionally, they will be able to present model validation findings and performance analysis, as well as write technical reports.
The Model Validation Specialist will work closely with the risk management team to ensure that all models are properly validated and meet regulatory requirements. They will also be responsible for leading validation project working groups and assisting with training junior analysts.
The successful candidate will have a Master's degree in Mathematics, Statistics, or a related field, and at least 2 years of experience in model validation. They will also have a strong understanding of financial theories and concepts, as well as excellent communication and interpersonal skills.
Key Responsibilities:
- Evaluate conceptual soundness and mathematical formulation of models
- Build benchmarking models and test modeling assumptions
- Present model validation findings and performance analysis
- Write technical reports and documents
- Lead validation project working groups
- Assist with training junior analysts
Requirements:
- Master's degree in Mathematics, Statistics, or a related field
- At least 2 years of experience in model validation
- Strong background in statistical modeling, including linear regression, variable transformation, and selection
- Experience with programming and analytical tools, such as SAS, R, and Excel
- Excellent communication and interpersonal skills
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