Associate Director, Credit Validation & Model Risk

NAB; City of Hobart; On-site; AUD 180,000 - 240,000; Full time

Benefits offered by this job

Wellbeing support

NAB Perks

Career development

Job summary

NAB in Australia is seeking an Associate Director to join the Risk Frameworks, Execution and Models Team. You will lead independent validation of IRB, IFRS9 and credit decisioning models, shaping our model risk framework.

The role requires strong statistical and economic modelling skills, proficiency in Python and SAS, and the ability to influence stakeholders. You will work across diverse projects, contribute to capital, RWA outcomes, and regulatory engagements.

Qualifications

• Experience in banking/financial services, model development/validation, credit risk or quantitative modelling; governance experience.
• Strong statistical and economic modelling skills with coding languages essential (Python, SAS).
• Excellent engagement and influencing skills to work with multiple stakeholders.
• Understanding of how models affect credit decisions, capital, provisioning, stress testing and scenario analysis.
• Strong written communication with ability to document validation findings and ratings.
• Openness to adopting AI tools for credit validation.
• Excellent strategic thinking, resilience, autonomy and customer focus.

Responsibilities

• Lead independent validation of IRB, IFRS9 and credit decisioning models.
• Assess conceptual soundness, data quality, calibration and performance across economic conditions.
• Oversee validation of model performance across the credit life cycle and portfolio segments.
• Provide credible challenge when outcomes diverge from expectations and risk appetite.
• Ensure validation conclusions inform capital usage, RWA, decisioning frameworks and monitoring.
• Partner with model owners to ensure findings remediated.
• Act as line 2 technical authority on credit model validation matters.
• Support regulatory reviews and supervisory engagements relating to IRB models.

Skills

Python

SAS

Credit risk

Statistical modelling

Model validation

Stakeholder engagement

Communication

AI in credit validation

Education

Bachelor's degree in a quantitative field

Job description

NAB in Australia is seeking an Associate Director to join the Risk Frameworks, Execution and Models Team. You will lead independent validation of IRB, IFRS9 and credit decisioning models, shaping our model risk framework.

The role requires strong statistical and economic modelling skills, proficiency in Python and SAS, and the ability to influence stakeholders. You will work across diverse projects, contribute to capital, RWA outcomes, and regulatory engagements.