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Equity & Hybrids Derivative Model Validator AVP

2 months ago


London, Greater London, United Kingdom 11037 Citibank, N.A. United Kingdom Full time
About the Role

We are seeking a highly skilled Equity & Hybrids Derivative Model Validator to join our team at Citi. As a key member of our Model Risk Management team, you will be responsible for validating the pricing models used by our trading and hedging teams.

Key Responsibilities
  • Manage model risk across the model lifecycle, including model validation, ongoing performance evaluation, and annual model reviews.
  • Interact with model developers and business owners to ensure that models are accurate and reliable.
  • Provide effective challenge to model assumptions, mathematical formulation, and implementation.
  • Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls.
  • Contribute to strategic, cross-functional initiatives within the model risk organization.
Requirements
  • Master's degree or equivalent in a quantitative field, such as mathematics, statistics, or financial engineering.
  • 2+ years of quantitative experience, with a strong background in derivative pricing and risk management.
  • Strong communication skills and the ability to find practical solutions to challenging problems.
  • Teamwork and commitment are essential.
What We Offer

We offer a competitive base salary, annual performance-related bonus, and a range of benefits, including private medical insurance, employee assistance program, and pension plan. We also offer a hybrid working model, with up to 2 days working from home per week.

At Citi, we are committed to creating a workplace 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.