VP- CCAR Model Developer

Are you a highly skilled and experienced model developer looking for your next challenge? Are you passionate about risk management and excited about the opportunity to play a key role in shaping the future of Citigroup's CCAR program? If so, then we have the perfect opportunity for you as our new VP- CCAR Model Developer! We are seeking a dynamic and driven individual to join our team and lead the development and validation of CCAR models. If you have a strong background in quantitative analysis, risk modeling, and regulatory compliance, and are looking to make a significant impact in a global financial organization, then we encourage you to apply for this exciting position.

1. Develop and validate CCAR models to ensure compliance with regulatory requirements and industry best practices.
2. Lead the development and implementation of new CCAR models, as well as enhancements to existing models, to improve accuracy and efficiency.
3. Conduct thorough quantitative analysis to identify areas for improvement and recommend solutions to enhance the CCAR program.
4. Collaborate with cross-functional teams, including risk management, finance, and technology, to ensure effective model integration and implementation.
5. Stay up-to-date with regulatory developments and industry trends related to CCAR modeling and incorporate them into model development and validation processes.
6. Perform model documentation and present findings and recommendations to senior management and regulatory agencies.
7. Mentor and guide junior team members in model development and validation techniques.
8. Identify and mitigate model risks and ensure compliance with internal policies and procedures.
9. Continuously review and enhance model governance processes to ensure adherence to regulatory requirements.
10. Participate in industry working groups and represent Citigroup in discussions related to CCAR modeling and risk management.
11. Collaborate with internal audit and regulatory agencies to provide support during model reviews and audits.
12. Drive innovation and continuous improvement in CCAR modeling methodologies and processes.
13. Support ad-hoc projects and initiatives related to CCAR as needed.

According to JobzMall, the average salary range for a VP- CCAR Model Developer is between $120,000 to $200,000 per year. However, this can vary depending on the specific company, location, and experience level of the individual. Some VP- CCAR Model Developers may earn higher salaries, especially if they have extensive experience and expertise in this field. Additionally, other factors such as bonuses, benefits, and company size can also impact the salary range.

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.