Associate Director - Financial Risk Model Review

Location: Melbourne
Reference: 2970671
Salary: $125,000 - $150,000
Geraint Cooper
Email: email Geraint
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Reporting to the Manager, Model Review, you will play a key role in supporting model risk by reviewing and enhancing the development, implementation and use of Medium material models. You are somebody who has strong experience within risk modelling and validation within a financial services environment, high attention to detail and a team-first approach. In return, you will receive an outstanding opportunity to work in a motivated and talented team and provide carefully considered and executed contributions that will ultimately uplift governance.






What you’ll be doing…

  • Validation of medium material models used in the Bank. This includes stakeholder / model owner engagement, writing of a validation report, assigning a validation rating of models and negotiating remedial actions following a validation, etc.
  • Identification of business improvements in relation to models
  • Opportunity to provide a model risk advisory role to the business and add value through your independent review and challenge of existing models
  • Production of regular validation information to the Group Model Risk Committee regarding model performance
  • Support the pipeline of model validation activity
  • Assist with engagement to senior management, regulators, professional bodies and other interested stakeholders on the performance of enterprise models
  • Support / coaching of / sharing of knowledge with team members as required

 
  
  


What you will bring... 
  
  • Hold a graduate degree (preferably Masters or PhD) in a quantitative field such as Financial Engineering, Applied Finance / Statistics / Mathematics, Computational Finance, Actuarial Studies
  • Possess a minimum of 5 years’ experience in financial risk including both risk management and quantitative modelling (preferably within the banking sector). Understanding of quantitative modelling in a variety of fields, such as Credit Risk, Traded and/or Non-Traded Market Risk and/or Financial Modelling.
  • A strong quantitative background with computer literacy is essential, including Excel/Access/VB skills (Understanding of or practical experience with Python, R, SAS or similar coding packages is advantageous)
  • Demonstrate sound risk management capabilities learned from proven experience with high quality standards
  • Be familiar with development and implementation of risk models (vendor or “in-house” models)
  • Show interest in testing, development, and/or validation processes of banking risk models
  • Be capable of analysing business context, risk management needs, and assessing current risk projection capabilities. Ideally, this will complement an ability to propose multiple risk modelling responses to the identified needs
  • Demonstrate sound judgement and ability to communicate to senior management and committees
  • Possess fluent oral and written English. Additional languages are also relevant and welcome
  • Have a track record of good work organisation and insightful contributions to work organisation either as team leaders or as team members
  
  
  

 
What's in it for you?

This is a fast growing organisation with lots of career opportunities and the ability to earn an excellent package.
To learn more and have access to a more complete job description listing the full responsibilities, please apply by sending your CV via the big button below or contact Geraint for a confidential discussion on (03) 8637 7370.