Head of Model Risk Management Framework Governance – Director

## For additional information, please review .
* Maintain and manage the Model Risk Management (MRM) Policy, Standard, Execution Manual, Guidelines and templates, including being accountable for significant and direct guidance to business and authoritative advice regarding the operations and requirements related to execution of the MRM Policy requirements
* Assess activities and processes as required per MRM Policy and Procedure to identify opportunities for enhancement and strengthen model risk management framework
* Manage interaction with businesses and functions across the firm and within MRM, including participating in 1

LoD Model Risk forums, on matters related to model risk management
* Support the assessment of the effectiveness of existing model risk controls and processes, identifying areas for improvement, and implementing necessary changes.
* Review any new or updates to firmwide Policy documents (Framework, Policy, Standard, Procedure) outside of MRM to identify and assess impacts on MRM operations and to ensure the external Policy documents’ adherence to the MRM framework.
* Assess new or revised regulations and perform gap analysis to identify impact on the MRM Framework and design action plan for compliance
* Monitor and report on MRM Policy Dispensation and Policy Breaches and impact on Accountability Framework and management scorecards
* Collaborate with key stakeholders to develop comprehensive corrective action plans to address identified model risk control gaps or failures
* Participate in firmwide initiatives that involve model risk
* Manage regulatory and internal audit requests and deliverables and prepare management’s response to inquiries related to the MRM Framework
* 15+ years of experience in model risk management, model development and, audit, or other control-related quantitative functions in the financial services industry.
* Subject matter expert in Model Risk governance, Supervisory Guidance related to Model Risk (e.g., SR 11-7, SR 15-18, OCC Handbook for Model Risk Management, etc.)
* Ability to identify, measure, and manage key risks and controls.
* Strong knowledge in the development and execution for controls.
* Proven experience in control related functions in the financial industry.
* Proven experience in implementing sustainable solutions and improving processes.
* Understanding of compliance laws, rules, regulations, and best practices.
* Understanding of Citi’s Policies, Standards, and Procedures.
* Strong analytical skills to evaluate complex risk and control activities and processes.
* Strong verbal and written communication skills, with a demonstrated ability to engage at the senior management level.
* Strong problem-solving and decision-making skills
* Ability to manage multiple tasks and priorities.
* Proficiency in Microsoft Office suite, particularly Excel, PowerPoint, and Word.
• Strong knowledge of model lifecycle, including
** model development and validation processes**. The knowledge is leveraged in the position in the following aspects:
• Strong knowledge in
** risk and control**. The knowledge is leveraged in the position in the following aspects:
• Designing appropriate requirements and controls that balance between risk management rigor and operational practicality
• Understanding and able to comprehend
** supervisory and regulatory expectation related requirements**. The knowledge is leveraged in the position in the following aspects:
• Knowledge of
** financial products and business lines**. The knowledge is leveraged in the position in the following aspects:
• Designing MRM framework requirements that can be adopted for different model types and business areas
• Manage team, including setting strategic priority, allocating work, ensuring quality, and developing team capability through coaching and knowledge sharing
#J-18808-Ljbffr