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Associate Director - Risk Analytics - Validation

Job Title: Associate Director - Risk Analytics - Validation
Contract Type: Permanent
Location: CBD & Inner Suburbs
Industry:
Salary: $125,000 - $150,000
Start Date: Immediate
Reference: 2970672
Contact Name: Geraint Cooper
Contact Email: geraint.cooper@xpand.com.au
Job Published: July 14, 2019 11:45

Job Description

Enterprise Model Risk Management (EMRM) is a specialised model risk management function conducting in depth assessment of all model risk related measures used in the business. These assessments require rigorous understanding of underlying modelling techniques as well as of the business context in which those models are being used. We are therefore looking for a professional who can establish connections between sophisticated modelling techniques and strategic decision-making processes.






What you’ll be doing…
  • Validation of high material models used in the business. 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)
  • 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 welcomed
  • 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.