Model Risk Validation Expert

3 weeks ago


Bengaluru, Karnataka, India Commonwealth Bank Full time

Job Title: Model Risk Validation Expert

Organization: At Commonwealth Bank, we focus on helping people and businesses achieve their financial goals. We're committed to making a positive impact on our customers' lives and contributing to the growth of our community.

Job Summary:

We're seeking a highly skilled Model Risk Validation Expert to join our Risk Management team. As a key member of our team, you'll be responsible for ensuring the accuracy and reliability of our credit risk models. Your expertise will play a critical role in maintaining our reputation and ensuring the safety and soundness of our financial systems.

Key Responsibilities:

  1. Validate and ensure the accuracy of credit risk models, including internal models under APS 113 and models used for provisioning.
  2. Develop and maintain a thorough understanding of regulatory requirements, including Basel standards and APRA regulations.
  3. Collaborate with model development teams to ensure models are sound and meet regulatory standards.
  4. Present findings and recommendations to senior stakeholders, including the Risk Management team and the Chief Data and Analytics Office.

Requirements:

  1. 4-7 years of experience in credit risk model validation or development.
  2. Strong programming skills in SAS, R, Python, and SQL.
  3. Demonstrated experience in delivering projects and communicating complex ideas to stakeholders.
  4. Experience with IFRS9 and stress testing is advantageous.

Education:

Bachelor's Degree or Master's Degree in Computer Science, Statistics, Mathematics, or a related field.



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