About this opportunity
Citigroup Inc. lists this Model Validation 2nd LOD Sr. Lead Analyst opportunity in new york, New York. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Citibank, N.A. seeks a Model Validation 2nd LOD Sr. Lead Analyst for its Long Island City, New York location.
Duties: Conduct rigorous model validation of credit derivatives pricing/risk models. Scrutinize mathematical formulations in Model Development Documents and provide evidence-based challenges to model assumptions, conceptual soundness, model performance, and/or limitations. Critically review model assumptions, mathematical frameworks, and code implementation for theoretical soundness, numerical accuracy, and regulatory compliance. Develop benchmarking models against front-office quant models, ensuring alignment with product structure and market behavior or use alternative approaches to cross-check outputs against primary models. Perform stress-testing, back-testing, and scenario analysis to evaluate model robustness under varying market conditions. Validate numerical implementation and compare outputs against independent benchmarks. Regularly monitor model performance and communicate the model risk profile to relevant stakeholders. Build Python-based tools to automate independent testing, benchmarking, and enhance validation transparency. Author LaTeX-based validation reports detailing findings, risks, and mitigation strategies for model developer and other stakeholders in compliance with internal model risk management policies, procedures, and regulatory guidelines. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.
Requirements: Requires a Master’s degree, or foreign equivalent, in Mathematical Finance, Financial Engineering, Applied Mathematics, Statistics, Computational Finance, Physics or related quantitative field and 3 years of experience as a Capital Markets Researcher, Model/Analysis/Validation Officer, Quantitative Analyst, Credit Risk Modeler or Researcher, Financial Engineer, Quantitative Developer, Derivatives Trader, Data Scientist, PhD Researcher, or related position involving model validation, quantitative analysis and model development. Full span of experience must include: Quantitative model development, model validation, and financial model assessment; Developing and using analytical tools to support model validation and financial analysis; Python or R for data analysis, model validation, and work efficiency improvements; Understanding of fixed income instruments and credit-related products including valuation concepts and risk characteristics; Applying statistical and numerical techniques for model validation or financial analysis; Documenting analytical processes, model validation results, and data assessments; and Preparing validation reports and interacting with key stakeholders.
Wage Range: $207,600 to $247,900
Job Family Group:
Risk Management
Job Family:
Model Validation
Time Type:
Full time
Primary Location:
Long Island City New York United States
Primary Location Full Time Salary Range:
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Wholesale Lending Operations Management.
Anticipated Posting Close Date:
Oct 30, 2026
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. View Citi’s EEO Policy Statement and the Know Your Rights poster.
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Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.