Head of Credit Reserves Modeling, Director

Citigroup Inc.
New York, New York, us
May 03, 2021
May 05, 2021
Job Role
Credit Control
Contract Type
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.

  • 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.