[ES_JOBS_NET] Climate Risk Modeling Lead, Senior Vice President (Hybrid), Citi

[Christine Wiedinmyer]

Christine Wiedinmyer <christinew at ucar.edu>
9:33 AM (7 minutes ago)
to es_jobs_net-owner
https://jobs.citi.com/job/-/-/287/92989987264

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining
a team of more than 230,000 dedicated people from around the globe. At
Citi, you’ll have the opportunity to grow your career, give back to your
community and make a real impact.
Job Overview

Citi’s Risk Modeling Solutions department is responsible for the
development, delivery, and monitoring of all credit risk models across
Citi’s consumer lending portfolios globally.  These models span two core
activities; granting and managing credit to individual customers and
delivering loss forecasts for stress testing (ex. CCAR), loan loss
reserving (ex. CECL), and business planning.   The Climate Risk Modeling
Lead, Senior Vice President role of global secured portfolio model
development sits within the Global Mortgage Regulatory Model Development
team and specifically part of the Global Mortgage Regulatory Climate and
Challenger Models team and is responsible for developing champion/benchmark
climate risk models for Citi's international and U.S. residential mortgage
portfolios (residential real estate or RRE).

*Responsibilities:*

   -

   Lead the RRE climate modeling team to quantify physical risks for Citi's
   international and U.S. residential mortgage portfolios.  Responsibilities
   include developing, enhancing, and validating vendor and/or in-house
   climate models including catastrophe models and global scoring models.
   -

   Advise senior leadership on state of art climate modeling methodology,
   industry data source, public resources, and vendor/public models for
   regulatory and/or internal climate exercises.
   -

   Collaborate with external vendors and internal Second Line of Defense
   (2LOD) and Third Line of Defense (3LOD) on the selection and sourcing of
   hazard, exposure, vulnerability, and on the design and implementation of
   climate risk assessment features and products
   -

   Support climate risk adaptation of Citi in house credit loss forecasting
   models for climate risk stress test and climate risk monitoring.
   -

   Lead data analysis, statistical analysis and back-tests, forecast
   sensitivity analysis and model robustness tests, preparation of model
   documentation.  Provide model implementation and validation support on
   development, validation, and ongoing assessment.
   -

   Ensure timely completion of assigned projects with high quality.
   -

   Work effectively in cross-functional teams, interacting with key
   stakeholders regularly to update progress, gather feedback and perform
   required analytics.
   -

   Create impactful presentations to communicate analytical findings to a
   wide array of audiences that will facilitate understanding of model
   performance and usage.
   -

   Interact with senior levels of management to facilitate understanding of
   usage of risk models and inform critical decisions.
   -

   Appropriately assess risk when business decisions are made,
   demonstrating consideration for the firm's reputation and safeguarding
   Citigroup, its clients and assets, by driving compliance with applicable
   laws, rules and regulations, adhering to Policy, applying sound ethical
   judgment regarding personal behavior, conduct and business practices, and
   escalating, managing and reporting control issues with transparency.

*Qualifications:*

   -

   In-depth knowledge of industry and academic climate modeling
   methodology, climate data sources, vendor/open-source climate models
   -

   3+ years of climate risk stress testing or catastrophe modeling required
   -

   10+ years’ experience (6+ years' experience if PhD in Meteorology,
   Climatology, Atmospheric Sciences, or a highly quantitative discipline).
   -

   Deep knowledge of the mortgage business preferred
   -

   Familiarity with the application of statistical modeling concepts in
   addressing International and US risk modeling needs preferred
   -

   Advanced knowledge of SAS/SQL, STATA, PYTHON, R or C programming. 5+
   years of SAS experience highly preferred
   -

   Strong communication skills required to translate model design,
   specification and performance details to technical and non-technical
   audiences

*Education:*

   -

   Bachelor’s/University degree or equivalent experience
   -

   PhD degree in Climatology or Atmospheric Sciences with strong
   statistical background highly preferred.

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Job Family Group:
Risk Management

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Job Family:
Model Development and Analytics

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Time Type:
Full time

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Primary Location:
Wilmington Delaware United States

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Primary Location Full Time Salary Range:
$156,160.00 - $234,240.00


In addition to salary, Citi’s offerings may also include, for eligible
employees, discretionary and formulaic incentive and retention awards. Citi
offers competitive employee benefits, including: medical, dental & vision
coverage; 401(k); life, accident, and disability insurance; and wellness
programs. Citi also offers paid time off packages, including planned time
off (vacation), unplanned time off (sick leave), and paid holidays. For
additional information regarding Citi employee benefits, please visit
citibenefits.com. Available offerings may vary by jurisdiction, job level,
and date of hire.

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Most Relevant Skills
Analytical Thinking, Business Acumen, Constructive Debate, Data Analysis,
Escalation Management, Policy and Procedure, Policy and Regulation, Risk
Controls and Monitors, Risk Identification and Assessment, Statistics.
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