Portfolio Credit Risk Management 2nd Line of Defense Lead Analyst
Citi
Unknown, województwo mazowieckie, Polska
Full-Time
Competitive
HybridManager
The Portfolio Management Group (PMG) is an independent risk management function within Citi's Banking and International Risk (BIR) division. Our group is responsible for establishing and monitoring wholesale risk ratings, credit limits, reserve forecasting, and stress testing.
Within PMG, the Risk Rating team defines and oversees our wholesale risk rating methodologies and the underlying models. A key part of their role is to facilitate the review and challenge of the model lifecycle across the first and second lines of defense, ensuring alignment with our credit expertise and regulatory expectations.
We are looking for an individual to support the Model Sponsor function within the PMG Risk Ratings team, acting as a Model Sponsor Delegate for a designated portfolio of risk rating models. In this position, you will serve as the primary operational point of contact between Model Sponsors, Model Developers, Model Risk Management (MRM), portfolio subject matter experts, and other stakeholders. You'll be involved throughout every phase of a model’s lifecycle—from initial identification and development, through validation, to ongoing monitoring and retirement.
To succeed in this role, you'll need to develop a thorough understanding of Citi's MRM framework and the specific risk rating methodologies underpinning the BIR PMG model portfolio. The position requires a blend of credit risk expertise, analytical and statistical capabilities, and strong organizational and communication skills to effectively manage a variety of recurring and ad-hoc model governance obligations on behalf of the Model Sponsors.
What You'll Do- Key Responsibilities:
Model Sponsor Delegate Activities & MRM Lifecycle Support
Serve as the first-layer reviewer across all model lifecycle stages for the portfolio of Risk Rating models, including:
Review and summarize findings from Model Development Documentation (MDD), assess model performance outcomes, reasonableness of model assumptions and limitations reflected in the ongoing performance assessments and model change documentation
Support timely remediation of model limitations by conducting root cause analysis, engage in design and documentation of overlay methodologies along with their implementation
Ensure Model Sponsor adherence to the model control and governance frameworks, such as semi-annual model inventory reviews, new model identification attestations, managing policy dispensations as well as model decommissioning
Frame recommendations for Model Sponsor action and sign-off decisions, promptly responding to mandated model deadlines and preventing Policy breaches
Analysis & Independent Review
Support centralized model governance analytics, including benchmarking and root cause analysis, formulating independent views on risk rating models performance
Conduct model and portfolio-level risk analysis on rating distributions, use of qualitative adjustments and its taxonomy, along with downstream impacts of rating changes on stress testing, reserves etc.
Review annual and multi-year model enhancement plans, providing assessments to aid Model Sponsors and Senior Management decisions
Stakeholder Management & Communication
Closely partner with Model Sponsors, Model Developers, Model Risk Management and Model Users across 1st and 2nd lines of business in addressing the governance activities concerning Wholesale Risk Rating models and methodologies
Liaise with Model Developers and Product / Technology Development teams to ensure proper implementation of model methodology — including inputs, outputs, qualitative components, and model adjustments along with UAT activities
Collaborate with various internal stakeholders and regulators to address model related inquiries, reviews and audits
What We'll Need From You- Qualifications:
5+ years of experience in the financial industry, with predominant exposure to credit risk, model risk management, or wholesale banking functions.
Must have 3+ years of direct experience in model risk review and challenge, model development or sponsorship function, with hands-on involvement in wholesale internal risk rating or PD models, preferably within a regulated financial institution or rating agency.
Comprehensive understanding of quantitative and qualitative wholesale credit risk methodologies and regulatory requirements used in risk modeling. Familiarity with Citi's MRM framework or equivalent model risk governance frameworks (e.g., SR 26-2 / OCC 2026-04 guidance) is highly desirable.
Proficiency in Python, SQL, Tableau for data analysis, model performance testing, recurring and ad hoc analytics.
Proficient in Microsoft Office, particularly Excel (data analysis, metrics tracking), PowerPoint (governance presentations), and Word (technical documentation).
Good understanding of wholesale credit portfolios and products, including financial instruments, market dynamics, and credit risk drivers across industry sectors.
Demonstrated ability to manage multiple concurrent model governance obligations with competing deadlines, maintaining accuracy and completeness, along with project management skillset.
Strong oral and written communication skills, with a proven ability to synthesize complex model risk concepts and translate them into clear, user-friendly language for Senior Management and governance forums.
Ability to prepare high-quality governance documentation and presentations that meet internal standards and withstand regulatory scrutiny.
Strong interpersonal skills with a proven ability to build and maintain effective working relationships with cross-functional partners across risk analytics, technology, model development, and reporting.
Bachelor's/University degree required, Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field preferred. CFA, FRM designation is a plus.
By joining Citi Solutions Center Poland, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits such as:
Private Medical Care Program
Life Insurance Program
Pension Plan contribution (PPE Program)
Employee Assistance Program
Paid Parental Leave Program (maternity and paternity leave)
Sport Card
Holidays Allowance
Sport and team recreation activities
Special offers and discounts for employees
Access to an array of learning and development resources
A discretional annual performance related bonus
A chance to make a difference with various affinity networks and charity initiatives
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
#LI-KS3
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This job opening is for an existing job vacancy.
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