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Sr. Quantitative Model Developer Economic Forecasting, SVP
Citigroup - New York, NY
posted 3 months ago
About the position
The Sr. Quantitative Model Developer is a strategic professional responsible for developing advanced quantitative models for macroeconomic variables. This role requires a strong technical background in model development, econometrics, and analytical skills, along with effective communication abilities to collaborate with team members and present findings to diverse audiences. The position emphasizes leadership in model development, rigorous analytical research, and mentoring junior developers.
Responsibilities
- Lead model development efforts to build best-in-class models for macroeconomic concepts such as GDP, unemployment, HPI, exchange rates, interest rates, and credit spreads.
- Conduct rigorous analytical research to identify causal drivers and support methodological approaches.
- Serve as an expert resource in econometrics and statistical testing.
- Provide guidance to junior model developers.
- Produce macroeconomic scenario forecasts for regulatory processes like CECL, CCAR, and IFRS 9.
- Utilize Python to build and test statistical models, ensuring clean, efficient, and well-documented code.
- Communicate results to diverse audiences and participate in teams to solve business problems.
- Identify modeling opportunities that yield measurable business results.
Requirements
- 4+ years of post-PhD work experience, or 5+ years of post-Master's work experience.
- Strong understanding of quantitative model development approaches, preferably from experience at a peer financial institution.
- Experience as a lead model developer, including mentoring and guiding junior developers.
- Very strong knowledge of econometrics, with some knowledge of time series econometrics.
- Understanding of machine learning approaches like XGBoost is helpful.
- Practical experience writing programs to build and test predictive models.
- Proficient in Python.
- Solid understanding of economic concepts.
- Consistently demonstrates clear and concise written and verbal communication skills.
- Self-motivated and detail-oriented.
- Demonstrated project management and organizational skills, capable of handling multiple projects simultaneously.
Nice-to-haves
- Experience in macroeconomic/financial forecasting.
Benefits
- Medical, dental & vision coverage
- 401(k)
- Life, accident, and disability insurance
- Wellness programs
- Paid time off packages including vacation, sick leave, and paid holidays.
