Model/Anlys/Valid Group Mgr - C14 - Chennai

The Model/Anlys/Valid Group Mgr is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity. Generally accountable for delivery of a full range of services to one or more businesses/ geographic regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication may be necessary. Accountable for the end results of an area. Exercises control over resources, policy formulation and planning. Primarily affects a sub-function. Involved in short- to medium-term planning of actions and resources for own area. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.

  Responsibilities: Qualifications: Education: Framework Implementation & Oversight:

Implement, and manage the business line's adherence to the Citi MRM Policy, Standard, and Execution Manual. Serve as the primary liaison between the business and the central MRM organization, Internal Audit, and regulators on all model risk matters. Chair or be a key representative for the business in Segment Model Risk Councils, discussing and resolving issues relevant to the business's model portfolio. Model Lifecycle Governance:

Model Identification: Drive a robust process within the business to identify all quantitative methods, systems, and approaches that may be considered models and ensure they are submitted to MRM for a final determination. Development & Documentation: Oversee Model Sponsors to ensure every model has a complete, high-quality Model Development Document (MDD) that substantiates the model's conceptual soundness, data usage, and performance. Ensure all vendor models are subject to the same rigorous standards as internally developed models.

Validation & Remediation: Act as the central coordinator for all model validation activities, ensuring Model Sponsors provide all necessary information for initial validations, annual reviews, and ongoing validations. Oversee the timely and effective remediation of all model limitations and validation findings. Develop and manage action plans to address issues within the specified due dates.

Implementation & Use: Confirm that all models are implemented in controlled production environments (e.g., CSI, RPA, EUC) and that proper implementation testing has been completed. Enforce controls to ensure models are used exclusively for their approved purposes and that any model overlays are justified, documented, and approved.

Ongoing Monitoring: Ensure Model Sponsors conduct ongoing performance monitoring (OPA) for all models at the minimum required frequency (Quarterly for High risk, Semi-Annually for Medium, Annually for Low). Review monitoring results to evaluate performance and identify any potential degradation that may require action.

Model Change & Retirement: Manage the process for any changes to model methodology, implementation, or use, ensuring they are documented, reviewed, and approved by MRM prior to implementation. Oversee the formal retirement process for models that are no longer in use.

Inventory, Attestation, and Reporting:

Maintain a complete and accurate inventory of all business line models and their uses within the CitiRisk Model Risk Management System (MRMS). Lead the semi-annual model inventory attestation process for the business, confirming the completeness and accuracy of the inventory. Manage the process for requesting Policy Dispensations for temporary non-compliance and ensure any Policy Breaches are reported, escalated, and remediated. Team Leadership:

Build, lead, and mentor a team of MRM governance professionals to support the business line's model risk activities. Promote a culture of risk awareness and accountability across all teams interacting with models.

Qualifications

10+ years of experience in risk management, quantitative analysis, or a related field within a large, complex financial services firm. Expert knowledge of model risk management principles and regulatory requirements Proven experience leading governance functions and interacting with senior management, auditors, and regulators. Deep understanding of the model lifecycle, including development, validation, implementation, and monitoring. Strong leadership and people management skills with the ability to lead and influence a cross-functional team. Excellent communication and negotiation skills, with the ability to articulate complex concepts to diverse audiences.

Job Family Group: Risk Management

Job Family: Model Development and Analytics

Time Type: Full time

Most Relevant Skills Analytical Thinking, Credible Challenge, Data Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

Other Relevant Skills Business Acumen, Constructive Debate, Escalation Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.

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