**Role Summary** This is a senior individual contributor role within the first-line-of-defense (1LoD) that plays a lead operational role in executing and maintaining the business line's compliance with the enterprise-wide Model Risk Management (MRM) Policy. This role owns end-to-end governance activities across the model lifecycle, acting as a subject matter expert and primary day-to-day liaison with Model Sponsors, Model Developers, and the second-line-of-defense (2LoD) Independent Risk Management (IRM) organization. This role operates with a high degree of independence, exercises sound judgment on complex model risk matters, and supports the Head of MRM Governance (C14) in delivering strategic objectives for the function. **Key Responsibilities** **Framework Execution & Advisory:** + Execute and monitor the business line's adherence to the Citi MRM Policy, Standard, and Execution Manual, identifying gaps and recommending corrective actions. + Serve as a subject matter expert and day-to-day point of contact for Model Sponsors on policy interpretation and governance requirements. + Represent the business line in working-level meetings with the central MRM organization and support preparation for Internal Audit and regulatory engagements. + Prepare materials, briefings, and updates for Segment Model Risk Councils on behalf of the Head of MRM Governance. **Model Lifecycle Governance:** + **Model Identification:** Lead the ongoing process to identify quantitative methods, systems, and approaches that may qualify as models; assess scope and coordinate submissions to MRM for determination. + **Development & Documentation:** + Partner closely with Model Sponsors to ensure Model Development Documents (MDDs) are complete, accurate, and of high quality prior to submission for validation. + Review documentation for conceptual soundness, data usage, and performance substantiation, providing detailed feedback and guidance to model owners. + Coordinate governance requirements for vendor models, ensuring equivalent standards are applied. + **Validation & Remediation:** + Manage the end-to-end coordination of model validation activities, including initial validations, annual reviews, and ongoing validations. + Track and drive the timely remediation of model limitations and validation findings; develop detailed action plans and monitor progress against due dates.



+ Escalate at-risk remediations to the Head of MRM Governance with recommendations for resolution. + **Implementation & Use:** + Review model implementation evidence to confirm deployment in approved, controlled production environments (e.g., CSI, RPA, EUC) and that implementation testing is appropriately completed. + Monitor model usage to ensure alignment with approved purposes; review, document, and escalate any model overlays for appropriate justification and approval. + **Ongoing Monitoring:** + Coordinate the ongoing performance monitoring (OPA) schedule for the model portfolio, ensuring Model Sponsors adhere to required frequencies (Quarterly/High, Semi-Annually/Medium, Annually/Low). + Analyze monitoring results to identify performance trends or degradation signals, and recommend or escalate actions as appropriate. + **Model Change & Retirement:** + Manage the governance process for model methodology, implementation, or usage changes, ensuring documentation and MRM approval are obtained prior to implementation. + Facilitate the formal retirement process for decommissioned models, ensuring all records are updated accordingly. **Inventory, Attestation & Reporting:** + Maintain and continuously validate the completeness and accuracy of the business line's model inventory within the Citi Risk Model Risk Management System (MRMS). + Lead the execution of the semi-annual model inventory attestation process, coordinating with Model Sponsors and compiling outputs for senior review. + Manage the end-to-end process for Policy Dispensation requests and ensure Policy Breaches are identified, documented, escalated, and remediated in a timely manner. + Produce management reporting on the health of the model portfolio, including key risk indicators, finding aging, and monitoring status. **Stakeholder Engagement & Mentorship:** + Act as a mentor and technical resource to junior professionals, reviewing their work and providing guidance on complex matters. + Foster a culture of model risk awareness and accountability across model-owning teams.



**Qualifications** + 12+ yrs of experience with atleast **7-10 years** of experience in risk management, quantitative analysis, model risk governance, or a related field within a large, complex financial services firm. + Strong working knowledge of model risk management principles, regulatory guidance, and the full model lifecycle. + Demonstrated experience coordinating complex governance processes and managing multiple workstreams concurrently. + Proven ability to engage and influence stakeholders at various levels, including Model Sponsors and business managers. + Strong analytical and problem-solving skills, with the ability to assess model documentation and identify substantive gaps or risks. + Excellent written and verbal communication skills, with experience producing high-quality management reports and presentations. -Working Environment: office setting, minimal travel required. - Effort: minimal physical effort required. ------------------------------------------------------ **Job Family Group:** Product Management and Development ------------------------------------------------------ **Job Family:** Product Management ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Most Relevant Skills** Please see the requirements listed above. ------------------------------------------------------ **Other Relevant Skills** For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ _Citi is an equal chance employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law._ _If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review_ _Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)_ _._ _View Citi's_ _EEO Policy Statement (https://www.citigroup.com/global/eeo-aa-policy)_ _and the_ _Know Your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf)_ _poster._ Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

📌 Model Risk Mgmt Governance Sr. Lead Analyst (Chennai)
🏢 Citigroup
📍 Chennai