Model Identification and Assurance Review Analyst, Assistant Vice President

The Model Identification and Assurance Review Analyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. The Model Risk Management (MRM) organization provides oversight for the Model Risk Management Framework, which consists of the Policy, Processes, and Standards through which the firm identifies, measures, manages, monitors, reports, and controls model risk across the firm. Specifically, this team coordinates and oversees: A firm-wide effort to execute the Model Inventory Assurance Review (attestation), which is a process where each executive one-level down from the firm CEO attest to the completeness and accuracy of Citi’s model and Artificial Intelligence (AI) non-model object inventory. This process involves liaising with senior management across the firm’s organizations, including executives two levels down from the CEO. Model identification process by which a potential model, including AI object, is identified and submitted to MRM by the firm’s businesses and functions, and if determined to be a model by MRM, is recorded in the model inventory. Unvalidated models to make sure models are in compliance with MRM Policy, so MRM continues to operate within Risk Appetite. Policy Breach Root Cause Analysis which requires coordination with Seniors across all firm’s businesses and functions to obtain policy breaches remediation plans as well as preventive actions. Model retirement analysis focused on trends and drivers of this such as replacements and divestitures as well as controls to ensure compliance with MRM Policy. Contribute to strategic, cross-functional initiatives within the model risk organization.

Support Assurance Review  Leads to liaise with firm-wide businesses and functions stakeholders to guide them through the Model Attestation process to ensure it is completed on time and per MRM Policy and procedures requirements. Support the team to monitor and track model identification process from end-to-end perspective as follows: Submission: Working as a trusted partner with submitters across firm-wide businesses and functions of potential new models by providing guidance and answer inquires. Guidance: Provide support to MRM Validators to obtain all necessary information, so they can complete the model/not a model determination. Analysis: Track end-to-end model identification process including submission status, aging, and model/not a model determinations’ consistency. In addition, support the consolidation of meeting materials to be presented to MRM Senior Management. Support the team to coordinate with stakeholders within MRM to address inquiries accordingly. Monitor unvalidated models including obtaining action plans from model sponsors to submit model documentation for validation and policy breach remediation plans. In addition, assemble meeting materials to be presented to MRM Senior Management. Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving