Associate Director, Credit Validation & Risk Modeling

National Australia Bank; Australia; Remote; AUD 180,000 - 240,000; Full time

Job summary

National Australia Bank is seeking an Associate Director to join the Risk Frameworks, Execution and Models Team in Australia. The role focuses on shaping a robust Model Risk validation framework and supporting capital and risk management processes.

You will lead independent validation of IRB and IFRS9 models, assess data quality and calibration, and partner with model owners to ensure findings are remediated. A strong background in banking risk and modelling is essential.

Qualifications

• Experience in banking/financial services, model development/validation, credit risk and/or governance.
• Strong statistical and economic modelling skills with coding languages (Python, SAS).
• Ability to influence and work with multiple stakeholders to deliver outcomes.
• Understanding of how models affect credit decisions, capital, provisioning, stress testing and scenario analysis.

Responsibilities

• Lead independent validation of IRB, IFRS9 and credit decisioning models.
• Assess rating philosophies, data quality, calibration and performance testing across economic conditions.
• Oversee validation of model performance through the credit life cycle, including portfolios and segments.
• Provide credible challenge where outcomes diverge from expectations and risk appetite.
• Ensure validation conclusions influence capital usage and RWA outcomes, overlays and monitoring.
• Partner with model owners to ensure findings are remediated.
• Act as line 2 technical authority on credit model validation matters.
• Support regulatory reviews and supervisory engagement relating to IRB models.

Skills

Python

SAS

Statistical modelling

Economic modelling

Stakeholder engagement

Report writing

AI awareness

Job description

National Australia Bank is seeking an Associate Director to join the Risk Frameworks, Execution and Models Team in Australia. The role focuses on shaping a robust Model Risk validation framework and supporting capital and risk management processes.

You will lead independent validation of IRB and IFRS9 models, assess data quality and calibration, and partner with model owners to ensure findings are remediated. A strong background in banking risk and modelling is essential.