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...
Want jobs like this matched to you?
Swoopd scores fresh postings against your résumé so you only see the matches that matter.