Citi is hiring for Quality Assurance

Job Overview

Citi is hiring for the position of Quality Assurance, Monitoring & Testing Lead Analyst – Vice President (Internal Job Title: C13) in Mumbai, Maharashtra. This is a full-time, on-site role within Institutional Credit Management (ICM).

The selected candidate will be part of the In-Business Quality Assurance (QA) team under Counterparty Credit Risk (CCR). The role focuses on reviewing first-line CCR activities (excluding underwriting), conducting Quality Assurance Reviews (QARs), and reporting findings to business management and Independent Risk teams.

Estimated Salary: ₹45 LPA – ₹70 LPA (Industry standard for VP level banking roles in Mumbai; final compensation based on experience and internal structure)

Job Details

1. Job Role: Quality Assurance, Monitoring & Testing Lead Analyst – Vice President
2. Internal Grade: C13
3. Location: Mumbai, Maharashtra, India
4. Job Type: Full-Time
5. Work Mode: On-Site / Hybrid
6. Experience Required: 6–10 Years
7. Job Family: Controls Governance & Oversight

Key Responsibilities

1. Provide effective and credible challenge during Quality Assurance Reviews (QARs).
2. Identify and escalate weaknesses in controls and processes.
3. Develop and execute testing strategies based on existing policies and standards.
4. Conduct objective assessments and follow up on corrective actions.
5. Perform sustainability testing for issues raised by Internal Audit or regulators.
6. Support wholesale credit risk identification, measurement, monitoring, and control processes.
7. Stay updated with regulatory developments and industry changes.
8. Contribute to internal QA initiatives and ICM Voice of the Employee (VOE) programs.
9. Travel as required (less than 10%).

Required Skills

1. Strong expertise in Counterparty Credit Risk (CCR) exposure measurement including Potential Future Exposure (PFE), stress testing, and factor sensitivities (Greeks).
2. Deep understanding of OTC derivatives, securities financing transactions, trading strategies, and pricing models.
3. Knowledge of risk mitigation techniques such as collateralization and margining.
4. Strong analytical thinking and controls assessment capability.
5. Excellent stakeholder management and communication skills.
6. Ability to manage competing priorities under pressure.
7. Advanced proficiency in Microsoft Office (Excel, Word, PowerPoint).
8. Experience with Tableau, SQL, or Python for data analysis and visualization.

Eligibility Criteria

1. Education: BA/BSc or higher degree in Finance, Economics, or related field.
2. Experience: 6–10 years in counterparty credit risk, investment banking risk, internal audit, or quality assurance roles.
3. Proven experience in credit risk frameworks and governance standards.
4. Demonstrated leadership and proactive approach to risk management.

About Company

Citi is one of the world’s leading global banks, employing more than 230,000 professionals across multiple countries. The organization provides financial services across institutional banking, investment banking, wealth management, and global markets. Citi is committed to employee growth, diversity, inclusion, and long-term career development.

Why Join

1. Opportunity to work in a global banking environment.
2. Exposure to senior leadership and global risk frameworks.
3. Structured career progression at Vice President level.
4. Competitive compensation and global benefits.
5. Inclusive and equal opportunity workplace.

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