Job Opportunity:
A leading Australian bank is seeking highly skilled professionals to support the implementation of a new Model Risk framework. This project involves transferring existing models to a new framework, ensuring compliance with internal and external regulatory requirements.
About the Role
* Join the bank's Model Risk team in Sydney, Melbourne, Brisbane, or Adelaide, working in a hybrid environment.
* Contribute to providing oversight and control to A-IRB (PD, LGD & EAD), Scorecards, Provisioning, and Stress Testing models across Retail and Non-Retail Credit Risk portfolios.
Responsibilities
* Independently validate models' methodologies, scope, development, monitoring, and data, ensuring adherence to regulatory requirements.
* Lead initiatives for continuous improvement of model validation approaches and frameworks.
* Document validation processes in clear reports detailing scope and findings.
Requirements
* Hold tertiary qualifications in an Applied Mathematical discipline, such as Physics, Econometrics, Statistics, Engineering, or equivalent.
* Have at least 4 years of quantitative experience within the Credit Risk domain.
* Demonstrate technical proficiency in R, SAS, or Python programming languages.