Manager - Credit Model Validation

Ethos BeathChapman; Sydney; Hybrid; AUD 120,000 - 180,000; Full time

Job summary

Ethos BeathChapman is seeking a Manager – Credit Risk Model Validation in Australia for a 12‑month fixed-term contract. The role sits in a leading financial institution's Model Risk function, providing independent oversight of PD/EAD/LGD models, scorecards, provisioning and stress testing.

You will validate methodologies, data, and documentation, produce validation reports, and provide guidance to a collaborative team while supporting governance improvements within an evolving regulatory

Qualifications

• Demonstrated experience in credit risk modelling or independent model validation within banking or financial services.
• Strong knowledge of AIRB/IRB models, credit scorecards, provisioning and stress testing.
• Sound understanding of APRA prudential standards, Basel requirements and IFRS 9.

Responsibilities

• Independently validate retail and non-retail credit risk models, including PD, EAD and LGD models.
• Assess model methodologies, assumptions, data, coding, implementation and documentation.
• Review credit scorecards, provisioning models and stress testing frameworks.
• Identify model limitations, challenge methodologies and provide clear, practical recommendations.
• Prepare comprehensive validation reports and communicate findings to senior stakeholders.
• Manage validation activities and provide technical guidance to other team members.
• Contribute to improvements in model risk governance, validation methodologies and processes.

Skills

Credit risk modelling

Model validation

AIRB/IRB

Python/R/SAS/SQL

Education

Bachelor's degree in Finance/Math/Stats

Tools

Python

R

SAS

SQL

Job description

Manager – Credit Risk Model Validation

12-Month Fixed-Term Contract | Banking & Financial Services

Sydney, Melbourne, Brisbane or Adelaide | Flexible Working

An exciting opportunity has arisen for an experienced Credit Risk Model Validation professional to join a leading Australian financial institution on a 12-month fixed-term contract. Working within an established Model Risk function, you will provide independent oversight and challenge across a broad portfolio of retail and non-retail credit risk models, including AIRB, provisioning, scorecards and stress testing. This is an excellent opportunity to work on complex, business-critical models within a highly regarded team, engaging with senior stakeholders and contributing to the ongoing enhancement of model risk management practices.

The Role

• Independently validate retail and non-retail credit risk models, including PD, EAD and LGD models.
• Assess model methodologies, assumptions, data, coding, implementation and documentation.
• Review credit scorecards, provisioning models and stress testing frameworks.
• Identify model limitations, challenge methodologies and provide clear, practical recommendations.
• Prepare comprehensive validation reports and communicate findings to senior stakeholders.
• Manage validation activities and provide technical guidance to other team members.
• Contribute to improvements in model risk governance, validation methodologies and processes.

About You

• Demonstrated experience in credit risk modelling or independent model validation within banking or financial services.
• Strong knowledge of AIRB/IRB models, credit scorecards, provisioning and stress testing.
• Sound understanding of APRA prudential standards, Basel requirements and IFRS 9.
• Advanced quantitative and analytical skills, with experience using Python, R, SAS, SQL or similar tools.
• 12-month fixed-term opportunity with a leading financial institution.
• Exposure to complex credit risk models and evolving regulatory requirements.
• Opportunity to work with an experienced and collaborative Model Risk team.