Model Risk Validation Expert
3 weeks ago
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:
- Validate and ensure the accuracy of credit risk models, including internal models under APS 113 and models used for provisioning.
- Develop and maintain a thorough understanding of regulatory requirements, including Basel standards and APRA regulations.
- Collaborate with model development teams to ensure models are sound and meet regulatory standards.
- Present findings and recommendations to senior stakeholders, including the Risk Management team and the Chief Data and Analytics Office.
Requirements:
- 4-7 years of experience in credit risk model validation or development.
- Strong programming skills in SAS, R, Python, and SQL.
- Demonstrated experience in delivering projects and communicating complex ideas to stakeholders.
- 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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