Job Title: Model Risk Specialist
About the Role
This leading Australian bank is seeking experienced professionals to join its Model Risk team as a fixed-term contract position with the possibility of extension.
The selected candidates will work on a project involving the transfer of existing models to a new Model Risk framework, providing a hybrid working environment in Sydney, Melbourne, Brisbane, or Adelaide.
Key Responsibilities
* Conduct independent validations of models to ensure adherence to internal and external regulatory requirements, challenging methodology, scope, development, monitoring, and data.
* Lead initiatives for continuous improvement of the model validation approach and framework.
* Document validation processes in clear reports detailing the scope and findings.
Requirements
* A bachelor's degree in an Applied Mathematical discipline such as Physics, Econometrics, Statistics, Engineering, or equivalent.
* At least four years of quantitative experience within Credit Risk, preferably in R, SAS, or Python.