Analyst, Model Monitoring

Welcome to Citi, a leading global financial services company with a history of over 200 years. We are currently seeking a highly skilled and motivated individual to join our team as an Analyst, Model Monitoring. In this role, you will be responsible for ensuring the accuracy and effectiveness of our models used for risk management and decision making. We are looking for someone with a strong analytical mindset, attention to detail, and a passion for problem-solving. If you thrive in a fast-paced and dynamic environment, have a deep understanding of data and models, and possess excellent communication skills, we would love to have you on our team. Join us and be a part of driving innovation and shaping the future of finance.

1. Conduct regular reviews and monitoring of various financial models used by the company, ensuring their accuracy and effectiveness.
2. Collaborate with cross-functional teams to identify potential issues or areas for improvement in the models and provide recommendations.
3. Analyze large and complex datasets to identify patterns and trends, and use this information to enhance model performance.
4. Develop and maintain documentation for all models, including assumptions, methodologies, and validations.
5. Stay updated on industry developments and regulatory requirements related to risk management and model monitoring.
6. Communicate findings and recommendations to stakeholders, including senior management, in a clear and concise manner.
7. Work closely with model developers and other team members to implement changes and updates to models.
8. Assist in the development and implementation of new models to support business needs.
9. Participate in model validation exercises to ensure compliance with internal policies and external regulations.
10. Act as a subject matter expert on model monitoring and provide guidance and training to junior team members.
11. Proactively identify and resolve any issues or discrepancies in model outputs, and escalate as necessary.
12. Continuously improve and optimize model monitoring processes and procedures to increase efficiency and effectiveness.
13. Maintain confidentiality and adhere to all data privacy and security policies and procedures.
14. Represent the company in a professional manner and uphold its values and ethics at all times.

According to JobzMall, the average salary range for a Analyst, Model Monitoring in New York, NY, USA is $80,000 to $110,000 per year. However, this can vary depending on the specific company, industry, and level of experience of the individual. Some companies may offer higher salaries or additional benefits, such as bonuses or stock options, for this role. Additionally, location, education level, and certifications can also impact the salary range for a Model Monitoring Analyst in New York.

Citigroup, Inc. is a global financial services holding company specializes in banking and financial solutions. It offers a range of products and services among individuals, corporations, governments and institutions such as savings, checking, online banking, individual retirements accounts, credit cards; personal, student, and commercial real estate loans, cash management services, home equity, and bill consolidation, as well as online banking services, cash management, transactions, trade, securities, and fund services.