Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your quantitative skills along with your development and implementation of credit risk models experience to Citi’s Risk Management team.

By Joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team / Role Overview:

The Credit, Climate, and Obligor Risk Analytics (CORA) group within Citi is looking to add an experienced Quantitative Analyst at Senior Vice President level to join the Loss Forecast Analytics team in Warsaw, Poland. The team is responsible for development of the loss reserves and stress-testing models and analytical functions for Citi's wholesale credit portfolios.

This is a highly visible individual contributor position within the organization, covering a wide range of responsibilities to support risk management of global wholesale credit portfolios. The successful candidate will be a part of highly productive analytical team and lead all aspects of the model development process, which includes interaction with Business, Risk, Finance, Model Validation, and Regulators.

What you’ll do:

• Research, develop, and maintain wholesale credit loss models used for loss forecasts, including reserves and stress testing, both internal and regulatory, covering CECL, CCAR/DFAST, IFRS9, ICAAP, and internal stress testing
• Implement loss/reserve models and analytical functions in the wholesale credit risk library
• Support business, finance, risk managers, foundational credit risk, model validation, internal audit, and banking supervisors for stress testing related discussions.
• Actively participate in the analysis and interpretation of results, incorporating feedback as appropriate into models and metrics.
• Actively engage across all model development teams with CORA, including PD/LGD/EAD and loss models.
• Help introduce best-in-class, cutting edge Model techniques to drive profitability through innovation.
• Ensures timely model performance tracking and assist in process automation to drastically improve process/operation efficiencies (where possible) that will enable the business and risk to make rapid decisions against market condition changes.
• Supports the development of training curriculum and standard
• Provide leadership and guidance for junior modelers.

What we’ll need from you:

• Master or PhD degree in Economics, Finance, or another quantitative field (Mathematics, Physics, Computer Science, Econometrics, Statistics, etc.) is required.
• 5+ years of experience in quantitative financial modelling. Hands-on experience with the research, development, and implementation of credit risk models.
• Extensive knowledge of wholesale credit products and financial markets at a financial institution.
• Solid knowledge of bank stress testing and loss reserves for wholesale credit portfolios.
• Familiar with statistics packages and regression models.
• Strong programming skills in Python, C++, or other advanced programming languages.
• Excellent communication skills, verbal as well as written.

What we can offer you:

By joining Citi Solutions Center Poland, you will not only be part of a business casual workplace with a hybrid working model (currently up to 2 days working at home per week), but also (potentially, subject to final offer) receive a competitive base salary and enjoy a whole host of additional benefits which can include:

• Employer paid Defined Contribution Pension Plan contribution of 6% of employee’s pensionable earnings (PPE Program)
• Employer paid Private Medical Care Package for employees and Private Medical Care Packages for certain family members available at preferential rates
• Employer paid Life Insurance Program for employees and Life Insurance for certain family members available at preferential rates
• Employee Assistance Program financed by Employer
• Paid Parental Leave Program (maternity and paternity leave; statutory and 2 weeks additional paid paternity leave)
• Sport Card for employees subsidised via Social Benefits Fund and Sport Cards for certain family members available at preferential rates
• Additional benefits from Company’s Social Benefit Fund, in particular: Holidays Allowance, support for sport and cultural activities, team building events.
• Additional day off for volunteering
• Cafeteria/ flex benefit – a company benefits system which enables employees to select and purchase benefits offered by a provider and available for employees on the platform.
• Opportunity to receive an annual discretionary incentive award
• Special offers and discounts for employees.

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.

Job Family Group:

Risk Management

Job Family:

Model Development and Analytics:

Time Type:

Full time

Primary Location Full Time Salary Range:

zł340,990.00 - zł580,610.00

Most Relevant Skills

Analytical Thinking, Business Acumen, Constructive Debate, Data Analysis, Escalation Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

This job opening is for an existing job vacancy.

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.

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