FP&A Expense Model Developer- C11
Citi Bank
2 - 5 years
Mumbai
Posted: 14/06/2025
Job Description
Comprehensive Capital Analysis Review (CCAR) is an annual regulatory submission to US Federal Reserve Board (FRB). It is used to ensure that institutions have robust, forward-looking capital planning processes that account for their unique risks and sufficient capital to continue operations throughout times of economic and financial stress. As part of CCAR, the Federal Reserve evaluates institutions' capital adequacy, internal capital adequacy assessment processes, and their plans to make capital distributions, such as dividend payments or stock repurchases.
The FP&A Expense Modeler Intmd. Analyst is an intermediate level position, part of FP&A Model Development team which is responsible for developing qualitative driver based expense forecast models to project expenses for different products / businesses / geographies within the firm to support CCAR and QMMF.
Responsibilities:
- Development of driver based qualitative forecasting models for key expense line items for capital and business planning purposes. This includes the calculation of Headcount and Compensation expenses as well as Non Compensation expense account lines
- Manage the model life-cycle from first-line of defense perspective and participate in Segmentation, Risk Identification, overlay discussions with Businesses and Finance teams
- Responsible for writing qualitative model development documentation and partner with Model Risk Management (MRM) to address their feedback through the validation phase and post validation ongoing monitoring cycle
- Responsible for understanding changes to qualitative requirements published by MRM in Model Testing Guidance and presenting the key changes to senior model development leads. Also, be a champion in addressing observations raised by MRM and Internal Audit in a quantitative manner by thinking out-of-box.
- Contribute to model convergence initiatives as part of firm’s Transformation journey for different businesses. Responsible to explain model results to FP&A / Business teams during quarterly model runs under different scenarios provided by Economic Scenario Group.
- Responsible in seeking sign-offs on final selected models from key stakeholder such as FP&A / business head
Qualifications / skill sets:
- 3-7 years of relevant expense modelling /business experience in financial services
- Strong understanding of expense drivers and financial modelling / forecast models
- Hands-on experience in programming and modeling using SAS, Python and R is an added plus
- Follow a culture of accountability and strict quality control of the data integrity and modeling process
- Ability to build key relationships with finance and business teams
- Must be able to present technical matters in a way that is meaningful to the audience
About Company
Citi Bank, officially known as Citibank, is a global financial institution and the consumer division of Citigroup, a leading multinational banking corporation. Established in 1812, Citibank provides a wide range of financial services, including retail banking, credit cards, personal loans, wealth management, and investment banking. With a strong presence in over 100 countries, it serves millions of customers worldwide, offering both individual and business banking solutions. Citibank is known for its digital banking innovations, global reach, and commitment to financial inclusion and economic growth.
Services you might be interested in
One-Shot Campaign
Reach out to ideal employees in one shot!
The intelligent campaign for reaching out to the ideal audience to whom you can ask for help (guidance or referral).