Product Management Sr Analyst - C12 - MUMBAI

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Job Overview

Model Risk Management (MRM) is a critical part of Citi’s Global Risk Management organization, providing independent oversight of models used across the firm to manage risk and inform key business decisions. The System Strategy and Oversight (SSO) team within MRM is responsible for the strategic reengineering, governance, and continuous enhancement of the Model Risk Management System (MRMS).

We are seeking an Assistant Vice President with demonstrated ownership capabilities, strong project management expertise, and a proven ability to drive system and process transformation initiatives. The successful candidate will play an integral role in modernizing Citi’s model risk infrastructure, delivering solutions that ensure operational excellence, regulatory compliance, and strategic alignment.

Key Responsibilities:

• Lead initiatives to redesign and reengineer the Model Risk Management System (MRMS) in alignment with Citi’s Model Risk Management Policy, Procedures, and broader system strategy.
• Translate policy and procedural requirements into detailed process flows, system requirements, and actionable project plans, identifying opportunities for streamlining, automation, and enhanced control.
• Collaborate closely with internal stakeholders across Risk, Model Development, Validation, Technology, and Business Management functions to deliver integrated, effective system solutions.
• Author comprehensive business requirements documents (BRDs) and partner with technology teams to oversee solution design, development, and implementation.
• Drive system enhancements that simplify model lifecycle management processes, integrate emerging technologies such as Gen AI, and improve risk metrics reporting and documentation digitization.
• Provide governance over IT project delivery, ensuring initiatives are completed on time, within scope, and aligned with budgetary and strategic objectives.
• Define and oversee system quality standards, preventive control mechanisms, user acceptance testing (UAT) processes, and end-user training programs.
• Maintain strong control, governance, and documentation practices in line with Citi standards and regulatory expectations.

Qualifications:

Experience:

• Minimum 7+ years of professional experience, including 3+ years in product development, technology-driven system enhancement, or project management roles.
• Prior experience in model risk management, model development, model validation, or similar risk/control functions within financial institutions strongly preferred.
• Familiarity with regulatory guidance on model risk management, including SR 11-7 and SR 15-18, is highly desirable.
• Demonstrated success leading cross-functional initiatives involving risk management, technology, and process reengineering.
• Hands-on experience with database design, SQL for analysis, and reporting frameworks.
• Working knowledge of emerging technologies, including experience building Proofs-of-Concept (POCs) in Python, R, or similar programming languages, is advantageous.
• Strong project management discipline, with proven ability to manage initiatives through full lifecycle execution.
• Proficiency in Jira (for backlog management), Confluence (for documentation), and Microsoft Office tools (Excel, Word, PowerPoint, Visio).

Skills:

• Strong analytical and problem-solving skills with a practical, execution-focused approach.
• Excellent written and verbal communication skills, capable of producing high-quality executive-level materials.
• Ability to work independently and collaboratively across multiple teams and business lines.
• Exceptional organizational skills, with the ability to manage multiple projects and priorities simultaneously.
• Strong attention to detail combined with the ability to see the broader strategic context.
• Ownership mindset: commitment to seeing initiatives through from conception to delivery, proactively identifying and resolving challenges.

Education:

Master’s degree in finance, Mathematics, Computer Science, Engineering,

About the Role: