Credit Model Risk Lead - IRB & Scorecards (Hybrid)

Bluefin Resources; Sydney; Hybrid; AUD 140,000 - 190,000; Full time

Job summary

Bluefin Resources partners with a leading Australian bank to appoint an experienced Model Risk Manager. The role centres on independent validation of credit risk models across IRB, PD, EAD and LGD, including provisioning and scorecards.

You will own validation assignments, challenge methodologies and present findings to senior stakeholders. You’ll drive model governance, share knowledge within the team and support colleagues across retail and corporate portfolios.

Qualifications

• Minimum 4 years' Quantitative Analytics experience with strong exposure to Credit Risk.
• Strong understanding of IRB modelling, provisioning and scorecard methodologies.
• Proficiency in R, Python, SAS or equivalent.

Responsibilities

• Lead and deliver independent reviews of credit risk models across retail and non-retail portfolios.
• Evaluate model performance, methodologies, assumptions and implementation, identifying potential weaknesses and areas for enhancement.
• Undertake detailed assessments of IRB models, including PD, EAD and LGD, alongside provisioning, scorecard and stress testing models.
• Challenge existing modelling approaches and provide practical recommendations to strengthen model effectiveness and governance.
• Prepare clear, considered validation reports and present findings to relevant stakeholders.
• Provide technical guidance and knowledge sharing within the broader Model Risk team.

Skills

Quantitative analytics

Credit risk

IRB modelling

Model validation

Education

Applied Mathematics / Actuarial / Physics / Engineering degree

Tools

R

Python

SAS

Job description

Bluefin Resources partners with a leading Australian bank to appoint an experienced Model Risk Manager. The role centres on independent validation of credit risk models across IRB, PD, EAD and LGD, including provisioning and scorecards.

You will own validation assignments, challenge methodologies and present findings to senior stakeholders. You’ll drive model governance, share knowledge within the team and support colleagues across retail and corporate portfolios.