Head of Model Risk Management Framework Governance ...

The Head of Model Risk Management (MRM) Framework Governance is a key role within MRM that is responsible for design, implementation, and maintenance of the MRM Governance Framework. Responsibilities : Model Risk Policy, Standard, and Execution Manual + 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 1LoD 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 documentsu2019 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 managementu2019s response to inquiries related to the MRM Framework Model Risk Appetite + Design and maintain the Model Risk Appetite Key Indicators and thresholds + Lead the annual review of the Model Risk Appetite KIs and the quarterly metrics monitoring and reporting + Engage with ORM on the quarterly assessment of firmwide Model Risk and model risk materiality + Monitor and manage Operational Loss events related to Model Risk and follow-up actions Other Governance Related Responsibilities + Participate in the oversight of the operations of Citi's governance committees, including preparing Board/Committee materials, coordinating meetings, managing agendas, and ensuring follow-up on action items. + Assist in the execution of Enterprise Risk Management Framework and adherence with Risk Management and Compliance Policies + Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards + Represent MRM in relevant 1LOD and 2LOD Governance Committees + Oversee Conflict of Interest and Continuity of Business for Model Risk Management + Lead and execute strategic initiatives (e.g., Operating Model Artificial Initiatives) related to MRM Framework. Qualifications : + 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 Citiu2019s 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. Education : Bachelor's/University degree, Master's degree preferred, in relevant Technical disciplines. Business Knowledge Requirements u2022Strong knowledge of model lifecycle, including model development and validation processes . The knowledge is leveraged in the position in the following aspects: u2022Defining clear expectations at each model lifecycle stage, ensuring consistency and reducing ambiguity u2022Designing governance expectation that are technically sound and practical u2022Being able to credibly challenge existing development and validation processes, including comparing the practice across model areas u2022Being able to provide consultation to model sponsors, developers and validators should any questions arise u2022Strong knowledge in risk and control . The knowledge is leveraged in the position in the following aspects: u2022Designing appropriate requirements and controls that balance between risk management rigor and operational practicality u2022Applying risk-based approach for practical decision-making u2022Establishing and managing model risk appetite and assessing model risk at firmwide level u2022Understanding and able to comprehend supervisory and regulatory expectation related requirements . The knowledge is leveraged in the position in the following aspects: u2022Translating regulatory expectation into actional items u2022Ensuring the design of the MRM policies and standards are aliged with regulatory expectation and that the MRM framework is credible, risk-based and defensible u2022Knowledge of financial products and business lines . The knowledge is leveraged in the position in the following aspects: u2022Designing MRM framework requirements that can be adopted for different model types and business areas u2022Communicating credibly with business stakeholders and giving guidance on how to execute the MRM framework in line with their business circumstance Leadership Skills u2022Lead the design and maintenance of the MRM Framework, including MRM Policy, Standard, Execution Manual, and templates u2022Provide interpretative directive guidance to model sponsors, developers, validators and risk partners on MRM Policy and Standard requirement u2022Advise and consult businesses and functions on how to comply with MRM Policy and Standard u2022Take initiative and propose ideas to further fine-tune and strengthen the MRM Framework u2022Drive adoption of any proposed enhancements to the MRM Framework, including socializing, negotiating and persuading stakeholders u2022Manage team, including setting strategic priority, allocating work, ensuring quality, and developing team capability through coaching and knowledge sharing ------------------------------------------------------ Job Family Group: Controls Governance & Oversight ------------------------------------------------------ Job Family: Governance Reporting & Analysis ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Primary Location: Tampa Florida United States ------------------------------------------------------ Primary Location Full Time Salary Range: $170,000.00 - $300,000.00 In addition to salary, Citiu2019s 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 . Available offerings may vary by jurisdiction, job level, and date of hire. ------------------------------------------------------ Most Relevant Skills Analytical Thinking, Communication, Constructive Debate, Controls Lifecycle, Data Analysis, Escalation Management, Governance, Needs Assessment, Program Management, Risk Management. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Anticipated Posting Close Date: Jan 28, 2026 ------------------------------------------------------ _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._ _If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (._ _View Citiu2019s EEO Policy Statement ( and the Know Your Rights ( poster._Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

Created: 2026-01-26