Citi · 13 hours ago
Head of Model Risk Management Framework Governance – Director
Tampa Florida United States
Full-time
Onsite
Director/Executive
$170K/yr - $300K/yr
15+ years expCiti is a leading global bank, and they are seeking a Head of Model Risk Management Framework Governance. This role is responsible for the design, implementation, and maintenance of the Model Risk Management Governance Framework, ensuring compliance with policies and regulations while collaborating with various stakeholders to enhance model risk management processes.
BankingFinanceFinancial Services
Responsibilities
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 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
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
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
Qualification
Required
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
Strong knowledge in risk and control
Understanding and able to comprehend supervisory and regulatory expectation related requirements
Knowledge of financial products and business lines
Lead the design and maintenance of the MRM Framework, including MRM Policy, Standard, Execution Manual, and templates
Provide interpretative directive guidance to model sponsors, developers, validators and risk partners on MRM Policy and Standard requirement
Advise and consult businesses and functions on how to comply with MRM Policy and Standard
Take initiative and propose ideas to further fine-tune and strengthen the MRM Framework
Drive adoption of any proposed enhancements to the MRM Framework, including socializing, negotiating and persuading stakeholders
Manage team, including setting strategic priority, allocating work, ensuring quality, and developing team capability through coaching and knowledge sharing
Preferred
Master's degree preferred, in relevant Technical disciplines
Benefits
Medical, dental & vision coverage
401(k)
Life, accident, and disability insurance
Wellness programs
Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
Company
Citi
Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
10001+ employees
H1B Sponsorship
Citi has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1386)
2024 (849)
2023 (1375)
2022 (1117)
2021 (876)
2020 (901)
Funding
Current Stage
Late StageLeadership Team
James Monahan
Managing Director / Global Head of Asset Servicing
Naveed Sultan
Managing Director, Chairman, Institutional Clients Group
Recent News
2026-01-20
2026-01-15
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