Data Scientist - Credit Risk Rating Model Develope...

Job description

Job Id: 23687608


Credit and Obligor Risk Analytics (CORA) is looking to add a Model Developer to the Credit Risk Rating Analytics (CRRA) Team. CRRA team is responsible for the development of all credit rating models for SMEs / MMEs, Large Corporates, Financial Institutions and Public Sector on a Global basis.

This is a highly visible position with many career opportunities and cooperation with different Citi’s Teams whole over the world.


The responsibilities of the successful candidate include but not limited to the following activities:

  • Obtain and prepare model development data
  • Select the champion modelling methodology after evaluating multiple options
  • Develop different statistical models
  • Perform all required tests (e.g. sensitivity and back-testing)
  • Lead annual model reviews and performance testing and/or redevelop as needed
  • Deliver comprehensive technical and non-technical model documentation
  • Work closely with cross functional teams, including country/region’s business stakeholders, model validation and governance teams, and model implementation team
  • Apply critical thinking in solving complex business problems with quantitative tools in a collaborative, fast-paced environment.
  • Prepare responses for a regulator and internal audit on all models buil


  • Masters in Econometrics, Statistics, Math, Finance, Economics, or an Applied Science. CFA or FRM is a plus.
  • Experience in quantitative area, experience in credit risk management area is a plus.
  • Hands-on experience with the research, development, and implementation of credit risk models, including technical and non-technical documentation.
  • Strong programming skills in Python, R, or other objected oriented languages.
  • Familiar with statistics packages and regression models.
  • Strong working knowledge of Accounting and Corporate Finance is a significant plus.
  • Excellent communication skills, verbal as well as written.
  • Ability to make decisions / balance aggressive timelines for deliverables amidst conflicting priorities.

We offer:

  • Opportunity to work in an international, multi-cultural environment
  • Cooperation with a high-quality team in a challenging area of the financial industry with one of the world's leading companies
  • Access to the latest technologies and tools
  • Opportunity to learn through participation in various projects and cross training
  • Attractive conditions of employment and benefits
  • High exposure coming from direct cooperation with senior management


Job Family Group:

Risk Management


Job Family:

Risk Analytics, Modeling, and Validation


Time Type:

Full time


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.

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