**Role Summary** This is a professional individual contributor role within the first-line-of-defense (1LoD) that supports the execution of model risk governance activities across the model lifecycle. This role is responsible for the day-to-day operational tasks that underpin the governance framework - including inventory management, tracking, documentation review, and coordination with Model Sponsors - while developing a strong foundation in model risk management principles and regulatory expectations. **Key Responsibilities** **Framework Support & Operations:** + Support the implementation and monitoring of the business line's adherence to the Citi MRM Policy, Standard, and Execution Manual through operational tracking and reporting. + Assist in maintaining governance documentation, procedures, and templates used across the MRM governance function. + Help coordinate business line participation in working-level meetings with the central MRM organization, preparing agendas, minutes, and follow-up trackers. **Model Lifecycle Support:** + **Model Identification:** Assist in conducting outreach to business stakeholders to identify potential models; log and track submissions for MRM determination. + **Development & Documentation:** + Conduct initial reviews of Model Development Documents (MDDs) against a defined checklist of policy requirements, flagging gaps or missing information for follow-up. + Coordinate with Model Sponsors to collect required documentation and track outstanding items to closure. + Maintain documentation logs and version control for all model-related records. + **Validation & Remediation:** + Track the status of all model validation activities across the portfolio (initial, annual, and ongoing validations), maintaining up-to-date records in relevant systems. + Monitor remediation action plans, send timely reminders to responsible parties, and flag overdue items for escalation. + Compile validation finding summaries and aging reports for senior review. + **Implementation & Use:** + Collect and log implementation testing evidence from Model Sponsors, verifying completeness against requirements.



+ Maintain records of approved model use cases and assist in monitoring for potential out-of-scope usage. + **Ongoing Monitoring:** + Track performance monitoring (OPA) schedules for all models and proactively follow up with Model Sponsors to ensure timely completion. + Compile and organize OPA results, flagging any exceptions or performance concerns for review. + **Model Change & Retirement:** + Log and track all model change requests, ensuring supporting documentation is collected and governance steps are completed in sequence. + Maintain records of formally retired models and ensure the model inventory is updated accordingly. **Inventory, Attestation & Reporting:** + Perform regular data quality checks on the business line's model inventory in MRMS, identifying and resolving discrepancies with Model Sponsors. + Support the semi-annual model inventory attestation process by coordinating outreach, collecting confirmations, and compiling results. + Assist in preparing the Policy Dispensation and Policy Breach reporting, maintaining logs and supporting the documentation process. + Produce routine status reports, dashboards, and trackers that provide visibility into portfolio health for senior governance staff. **Learning & Development:** + Actively develop knowledge of model risk management principles, regulatory expectations (e.g., SR 11-7), and the Citi MRM Policy framework. + Participate in team discussions and knowledge-sharing activities to build subject matter expertise over time. **Qualifications** + 10+ yrs of experience with at least **3-6 years** of experience in risk management, model governance, financial services operations, or a related analytical field. + Foundational knowledge of model risk management concepts and the model lifecycle; familiarity with equivalent regulatory guidance is a plus.



+ Strong organizational skills with demonstrated ability to manage multiple concurrent tasks, deadlines, and stakeholder follow-ups. + Detail-oriented with strong data quality awareness; experience maintaining complex inventories or tracking systems. + Valuable written and verbal communication skills, with the ability to produce clear status reports and communicate professionally with business stakeholders. + Proficiency in Microsoft Office (Excel, PowerPoint, Word); experience with governance or risk management systems (e.g., MRMS or equivalent) is advantageous. ------------------------------------------------------ **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 opportunity 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 Lead Analyst (Chennai)
🏢 Citigroup
📍 Chennai