Job Description
The Balance Sheet Management Modeling SVP is a seasoned professional and team leader role. The SVP is expected to apply in-depth disciplinary knowledge, contributing to the development of new methodologies (statistical and non-statistical), data processing, visualization and analysis tools and approaches, and the improvement of processes and workflows for the Balance Sheet Management function. The SVP is also expected to directly manage a team of analysts, and provide leadership, guidance, supervision, and mentoring to the team as a whole, and junior members in particular.
The Balance Sheet Management modeling group is responsible for developing statistical and non-statistical methodologies. The SVP will be responsible for end-to-end development of models covering such asset classes as Deposits or Fixed Income Securities, or particular functions such as Interest Rate Risk Management, Recovery and Resolution Planning or Asset Allocation Strategy. As part of those responsibilities, the SVP would be expected to demonstrate expert analytical skills in the conception, design, coding and implementation of models, strong communication skills in documenting and presenting their and their team’s work, stakeholder management and interaction skills. These skills should be used to coordinate and drive forward multiple projects, and provide junior team members with clear communication and guidance, allowing team members to clearly and efficiently understand requirements.
Responsibilities include:
Development of econometric forecasting models for key Balance sheet and income statement line items for capital and business planning purposes. This includes the calculation of Net Interest Income (“NII”), Non Interest Revenue (“NIR”), Interest Rate Exposure (“IRE”), Economic Value Sensitivity (“EVS”), and other associated interest rate risk metrics.
Deep understanding of statistical techniques such as Logistic Regression, Panel Regression, Error Correction Models, Seemingly Unrelated Regression, as well as Monte Carlo and other simulation techniques
Steering stakeholder conversations with Businesses, Finance, Treasury and Risk to seek their sign-offs on Champion models.
Manage the Segmentation, Risk Identification, overlay discussions with Businesses and Finance teams.
Responsible for reviewing and timely submission of Model development documentation (MDDTs) to Model Risk Management.
Align with Model Risk Management on modeling and validation practices and have periodic check-ins with them.
Guide the team in the execution of their activities, and provide overall leadership
Create a culture of accountability and strict quality control of the data integrity and modeling process
Develop and maintain a comprehensive modeling system that maintains consistent approach to data quality and modeling methods, audit, back test, tracking, annual validation. This is critical in reducing the model operating risk
Ability to build key relationships with finance and business teams
Must be able to present technical matters in a way that is meaningful to the audience
Ability to influence people and empower team members to be proactive and focused on partnerships and results
Other requirements:
10+ years of relevant statistical /econometrics experience in financial services
Masters / PhD in quantitative discipline such as Statistics, Economics or related discipline
Experience in Fixed Income Securities, Mortgage Modeling, Deposit Modeling, Asset Liability Management, Interest Rate Risk, Capital Planning
Experience in developing econometric models
Extensive hands-on experience in programming and modeling using SAS and/or Python, or extensive experience with databases.
Excellent presentation skills; the ability to translate complex financial schedules into meaningful presentations is critical; demonstrated analytical skills including the ability to synthesize quantitative and qualitative data to draw conclusions and assist on decision making
Ability to build key cross functional and cross business relationships
Broad and deep understanding of accounting principles, investment, accrual products and corporate finance concepts
Demonstrated leadership and team management skills and ability to managing multiple projects and deadlines
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Job Family Group:
Finance
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Job Family:
Fin Solutions Dsgn & Implement
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Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, ****** orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
The Balance Sheet Management modeling group is responsible for developing statistical and non-statistical methodologies. The SVP will be responsible for end-to-end development of models covering such asset classes as Deposits or Fixed Income Securities, or particular functions such as Interest Rate Risk Management, Recovery and Resolution Planning or Asset Allocation Strategy. As part of those responsibilities, the SVP would be expected to demonstrate expert analytical skills in the conception, design, coding and implementation of models, strong communication skills in documenting and presenting their and their team’s work, stakeholder management and interaction skills. These skills should be used to coordinate and drive forward multiple projects, and provide junior team members with clear communication and guidance, allowing team members to clearly and efficiently understand requirements.
Responsibilities include:
Development of econometric forecasting models for key Balance sheet and income statement line items for capital and business planning purposes. This includes the calculation of Net Interest Income (“NII”), Non Interest Revenue (“NIR”), Interest Rate Exposure (“IRE”), Economic Value Sensitivity (“EVS”), and other associated interest rate risk metrics.
Deep understanding of statistical techniques such as Logistic Regression, Panel Regression, Error Correction Models, Seemingly Unrelated Regression, as well as Monte Carlo and other simulation techniques
Steering stakeholder conversations with Businesses, Finance, Treasury and Risk to seek their sign-offs on Champion models.
Manage the Segmentation, Risk Identification, overlay discussions with Businesses and Finance teams.
Responsible for reviewing and timely submission of Model development documentation (MDDTs) to Model Risk Management.
Align with Model Risk Management on modeling and validation practices and have periodic check-ins with them.
Guide the team in the execution of their activities, and provide overall leadership
Create a culture of accountability and strict quality control of the data integrity and modeling process
Develop and maintain a comprehensive modeling system that maintains consistent approach to data quality and modeling methods, audit, back test, tracking, annual validation. This is critical in reducing the model operating risk
Ability to build key relationships with finance and business teams
Must be able to present technical matters in a way that is meaningful to the audience
Ability to influence people and empower team members to be proactive and focused on partnerships and results
Other requirements:
10+ years of relevant statistical /econometrics experience in financial services
Masters / PhD in quantitative discipline such as Statistics, Economics or related discipline
Experience in Fixed Income Securities, Mortgage Modeling, Deposit Modeling, Asset Liability Management, Interest Rate Risk, Capital Planning
Experience in developing econometric models
Extensive hands-on experience in programming and modeling using SAS and/or Python, or extensive experience with databases.
Excellent presentation skills; the ability to translate complex financial schedules into meaningful presentations is critical; demonstrated analytical skills including the ability to synthesize quantitative and qualitative data to draw conclusions and assist on decision making
Ability to build key cross functional and cross business relationships
Broad and deep understanding of accounting principles, investment, accrual products and corporate finance concepts
Demonstrated leadership and team management skills and ability to managing multiple projects and deadlines
-
Job Family Group:
Finance
-
Job Family:
Fin Solutions Dsgn & Implement
-
Time Type:
Full time
-
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, ****** orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
💡 Quick Summary
Seeking a career-building opportunity? The Balance Sheet Management Modeling | SVP C14 position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
