Head of Credit Reserves Modeling, Director

Employer
Citigroup Inc.
Location
New York, New York, us
Salary
Competitive
Posted
May 03, 2021
Closes
May 05, 2021
Ref
255a78ec4585
Job Role
Credit Control
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Key Responsibilities:

The Head of Credit Reserves Modeling will lead a team of 9 risk professionals located in New York and Texas. The scope of work includes and is organized as follows:
  • The Credit Reserves Modeling team is responsible for the life cycle development of credit loss models for CECL and IFRS9 approaches for wholesale portfolios globally.
  • Develop priorities for model development and related activities of the team through engagement with partners in Risk, Finance and Product units.
  • Enhance the application of credit reserves analytics within the Risk organization.
  • Develop and implement industry-leading standards for model development and best-in-class analytics for credit reserves.
  • Engage with Model Risk Management leadership to ensure that QRS model development and documentation practices meet MRM guidelines.
  • Lead recruiting and training (including cross-training) initiatives in New York and Irving, Texas.
  • In addition to managing the Team, the Head of Credit Reserves Modeling is relied on as a subject matter expert on quantitative approaches, CECL and IFRS9 Standards, and US and international regulatory rules that affect the estimation of credit reserves; and is often sought out as a thought-partner on the use of credit models for different applications and analysis for the business.
  • Clients include Business, Finance, Risk Managers, Fundamental Credit Risk, Internal Audit, and others within Citi, as well as banking supervisors and external auditors.

Qualifications:
  • MBA in Finance/Economics, Master's degree or PhD in a quantitative field (physics, mathematics, computer science, etc.), and at least 10 years of experience in managing analytics teams in wholesale credit modeling and supporting business, auditors and regulators.
  • Demonstrated experience leading CECL and IFRS9 credit reserves modeling.
  • Demonstrated knowledge of credit risk, credit products, and related regulatory rules.
  • Experience leading the development of credit risk models, production implementation and business support.
  • Experience integrating state-of-the-art modeling tools, platforms and environments that can lead to cutting-edge innovative solutions.
  • Experience in leading remote based teams is valuable but not essential.
  • Track record of successfully hiring and mentoring talent.