Director, Head of Model Risk Regulatory & Audit Interactions

Posted on Dec 17, 2018 by Citi-US

New York, NY 10001
3 Dec 2018
Annual Salary
  • Primary Location: United States,New York,New York
  • Education: Bachelor's Degree
  • Job Function: Risk Management
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID:


About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Serve as Model Risk Management's (MRM) liaison to key committee, regulatory and audit stakeholders outside of MRM:
• Oversee materials for regular updates on model risk management to the Risk Management Committee of the Board and Risk Management Executive Committee
• Manage regulatory-related activities such as examinations, periodic meetings and ad-hoc updates with global scope. Support regulatory compliance of model risk practices through tracking of open issues and action items. Coordinate all MRM regulatory communications including responses to supervisory letters and remediation plans
• Manage the Internal Audit (IA) relationship and audits for MRM including managing deliverables for current internal and external audits as well as IA validation of regulatory and IA corrective action plans (CAPs)
• Oversee the ongoing operations related to the firm wide Model Risk Management Committee and sector Councils include charters, committee material, minutes and follow up items. Participate as Secretary to the firm wide MRMC
• Oversee tracking of regulatory matters, external auditor and IA findings, CAPs and milestones including collection, review and retention of evidence
• Oversee the regulatory gap analyses
• Partner with MRM teams and relevant groups such as Compliance, Internal Audit and Risk Governance
• Develop staff


  • 10+ years of overall work experience in the banking industry, regulatory body or top tier consulting
  • Progressive experience in Internal Audit, regulatory examination, regulatory compliance or consulting related to risk management, finance, compliance or legal
  • Experience in interaction with regulatory bodies such as Federal Reserve, OCC, SEC, UK PRA or European Central Bank
  • Strong verbal and writing communication skills
  • Proactive self-starter and strong project management mindset
  • Bachelors degree is required
Director, Head of Model Risk Regulatory & Audit Interactions

Reference: 598336767

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