The Head of Climate Risk Analytics will report to the Head of CORA and be responsible for developing models and methodologies to assess the impact of climate change on the wholesale portfolios globally and managing a team of 15 model developers.
The candidate will be responsible for evaluating and recommending novel modeling strategies and approaches for assessing the impact of physical risk and transition risk on wholesale credit portfolios for different US and international regulatory and internal exercises.
The candidate will also be responsible for supporting modeling for assessing the impact of climate risk on risk ratings.
Key responsibilities :
- Develop a framework to aggregate data, models, libraries and implementation tools based on best industry practices and regulatory guidance
- Take a leading role in ensuring that the modeling framework is aligned to best practices for climate risk modeling and stress testing
- Communicate key aspects of climate modeling to various stakeholders, including senior management, auditors and regulators
- Engage on a regular basis with approval and governance functions and users of climate models
- Engage with the Model Risk Management to ensure that new approaches and methodologies are well-understood and ready for validation
- Work with the enterprise scenario teams to integrate climate scenarios into the climate modeling framework
- Work closely with implementation teams to implement the framework within the existing model development library infrastructure
- Collaborate with stakeholders and support periodic and idiosyncratic stress testing activities, as they pertain to climate models
- Collaborate with 1LOD and 2LOD as needed for application of climate models to their needs and requirements
Qualifications :
- Advanced degree in Environmental or Life Sciences, Economics, Finance, Science or Engineering with appropriate experience in climate risk and credit risk modeling is required
- Deep understanding of climate change / climate risk, stress testing, macroeconomic data analytics, advanced modeling, model validation and quantitative methodologies is required 10yrs+ experience in advanced risk modeling or equivalent experience
- Proven experience in climate change / climate risk or related field
- Proven experience in regulatory climate risk exercises and regulation
- Proven ability to manage a team of model developers, and attract and retain talent
- Excellent verbal and written communication skills, ideally with technical documentation / academic publications / research papers or relevant experience designing, documenting and implementing advanced climate and credit risk models
Job Family Group : Risk Management
Risk Management
Job Family :
Risk Analytics, Modeling, and Validation
Time Type : Full time
Full time
Primary Location :
New York New York United States
Primary Location Full Time Salary Range :
$170,000.00 - $300,000.00
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 :
Aug 12, 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.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities.
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 the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting
Head of Partner Engagement, East and Canada
External brokers, Marketing, Client Engagement, Business Development, Focus Group Leaders, Head of Offices, Underwriting teams. Beazley is looking for a dynamic candidate for the role of Head of Partner Engagement. In this role, you will be responsible for supporting all Focus Groups with the growth...
Global Head of Product Marketing (C15 / Director)
Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. As the leading treasury and trade services bank offering the worlds largest network, we manage the banking needs of global clients across ~95 countries in 144 currencie...
Head of Risk & Compliance Assurance
As the first Head of Risk and Compliance Assurance at Flex, you will be responsible for developing and executing our third line of defense to examine and ensure the effectiveness of governance, risk management, and internal legal and compliance controls. Provide an independent assessment of the effe...
Head of Product, Low Latency Group
The Head of Product is a senior role within the Low Latency Group which is part of the Data & Feeds division of LSEG. LSEG roles (excluding internships and part-time roles of less than 20 hours per week) are typically eligible for inclusion in our LSEG Benefits program, which includes offerings ...
Managing Director and Counsel – Head of Global Markets Legal (Americas)
The Head of GML Americas will be part of a global legal department, actively participating in management meetings driving the agenda of GML, supporting the planning and implementation of global strategic projects, and working closely with partners in compliance, risk, and finance as well as the fron...
Mgr, Conference Services Sr
MGR, CONFERENCE SERVICES SRClick Here to Apply OnlineJob Description Flik Hospitality Group Salary:Other Forms of Compensation: What makes FLIK clickWhat makes FLIK click? Our people. The decisions, actions and attitudes of our associates earn the trust and loyalty of our clients every day. While th...
Head of NAM G10 Rates Market Risk, Director (Hybrid)
The successful candidate must be able to build effective relationships with front office and other groups as well as risk colleagues, challenge assumptions, be comfortable with quantitatively complex issues, willing to work at the detailed level and be a producer of high quality and insightful outpu...
Sr Accountant (Mgr) - SEC Reporting (midtown)
Hybrid: 2 days in office, 3 days remote. Employees enjoy many perks of the company such as great paid time off, highly subsidized healthcare plans, and a notably sizeable 401k match. This commitment has made WatsonBarron the selected recruiter for many of the region's top professionals and ground-br...
Head of Commercial Real Estate Origination
National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-ex...
Head of Capital Management
The main purpose of this role is to lead the internal economic capital model, rating agency models and regulatory model for Argo Group and support the CRO with all aspects related to capital management strategy. Own and lead the production of a capital dashboard on a quarterly basis that provides a ...