Enterprise Risk Analytics (ERA) is a part of Citi’s Risk Management organization that is responsible for Enterprise-level risk metrics including stress testing. Enterprise-wide stress testing program is sponsored by the Citigroup CRO, who reviews the stress testing results with the rest of the executive management team. Enterprise Risk Analytics & Stress Testing is responsible for Enterprise Stress Testing with Legal Entity Oversight (LEO), Material Legal Entity (MLE) Stress Testing and ICAAP execution and oversight, Firmwide Scenario Design and Expansion which cover Enterprise programs and all Legal Entities. The Enterprise Scenario Design (ESD) team within ERA is responsible for designing macro-economic and market shock scenarios for all enterprise level stress testing, capital planning, and reserve adequacy usages. The AVP of Economic Scenario Design reports to the Head of Macro Scenario Design. S/He will be helping the team develop firm-wide economic scenarios for CECL, Rapid Stress Testing (RST), CCAR and enterprise stress testing etc. S/He will support all scenario design, model development, model documentation and ongoing model maintenance, data quality controls, production oversight, reporting and reviews. This role also collaborates with the Economics and Strategy Research teams, other Risk functions, several line of businesses and Finance. Responsibilities: • Support scenario design process, including conducting research to come up with a range of possible scenario concepts, preparing the scenario narrative and forecasting macroeconomic series under the scenarios • Develop models to expand enterprise scenario designs to all variables required by downstream models • Document models and perform ongoing model maintenance to comply with the firm’s model risk management policy • Work with model implementation team to facilitate production run • Monitor model output and perform ad hoc analysis as needed • Communicate results to diverse audiences • Provide guidance to junior modelers as and when necessary. • Represent the bank in interactions with regulatory agencies, as required. Qualifications: • 2-5 years of economic research and/or model development experience in forecasting economic and financial variables • 2+ years’ experience in a major financial, public or international institution • Experienced in building macroeconomic forecasting models • Experience in interest rate modeling, forecasting etc. • Familiar with CCAR/CECL scenarios • Experience of working with large data sets • Proficiency in a statistical software package (e.g. Python/R) or similar preferred • Exceptionally detail-oriented with the ability to synthesize large amounts of data and various viewpoints, summarize key concepts, and clearly articulate relevant conclusions • Ability to deliver in tight deadlines • Inquisitive nature, strong quantitative, analytical, and problem-solving skills • Demonstrated project management and organizational skills and capability to handle multiple projects at one time Education: • Masters’ degree or equivalent experience in Finance or Economics, preferred PhD degree ------------------------------------------------------ **Job Family Group:** Risk Management ------------------------------------------------------ **Job Family:** Risk Analytics, Modeling, and Validation ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** Irving Texas United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $96,400.00 - $144,600.00 In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire. ------------------------------------------------------ **Anticipated Posting Close Date:** Oct 02, 2024 ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. 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