Model Risk Mgmt Governance Lead Analyst

Job description

## **Discover your future at Citi** Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact. ## **Job Overview** **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 least **3–6 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 - ## **Job Family:** Product Management - ## **Time Type:** 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. - *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.*