Model Risk Mgmt Governance Lead Analyst

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 least3–6 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.
• Good 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:

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Product Management
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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.
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