Market Risk Specialist

Randstad; Sydney; On-site; AUD 120,000 - 170,000; Full time

Job summary

Randstad is seeking a six-month Market Risk Specialist to provide expert risk and modeling guidance across market risk, counterparty credit risk, and IRRBB for government-related financial contexts.

You will drive policy development for the Fundamental Review of the Trading Book (FRTB), assess internal models for accuracy, and engage with senior stakeholders and regulatory bodies to deliver robust risk management outcomes.

Qualifications

• Subject-matter expert in traded market risk or counterparty credit risk with practical risk management experience.
• Advanced expertise in VaR, Stressed VaR, IMM, CVA or IRRBB.
• Strong analytical and problem-solving capabilities with ability to translate data into recommendations.
• Knowledge of Basel framework and international supervisory standards.
• Excellent written and verbal communication; ability to influence senior leaders.

Responsibilities

• Provide expert risk and quantitative modeling guidance across traded market risk and IRRBB.
• Lead policy initiatives focusing on FRTB development and implementation.
• Evaluate internal risk models for accuracy and compliance.
• Oversee data analytics and industry risk analysis to identify trends.
• Engage with senior stakeholders and regulatory bodies on technical risk issues.
• Collaborate across multi-disciplinary teams to achieve risk outcomes.

Skills

Market risk

Counterparty risk

IRRBB

VaR

CVA

Policy development

Regulatory engagement

Data analysis

Stakeholder management

Job description

Six month, Federal Government Market Risk Specialist role to provide specialist risk and modeling advice across market risk, counterparty credit risk, and financial markets. You will play a pivotal role in identifying, monitoring, and mitigating both entity-level and industry-wide risks to inform risk-based supervisory judgments, strategic decisions, and regulatory policy development.

A core focus of this role involves leading and contributing to policy frameworks, particularly driving the development and implementation of the Fundamental Review of the Trading Book (FRTB).

Key Responsibilities & Outcomes:

• Provide expert risk and quantitative modeling guidance across traded market risk, counterparty credit risk, and interest rate risk in the banking book (IRRBB)

• Lead and contribute to domestic and international policy initiatives, with a primary focus on shaping and delivering the Fundamental Review of the Trading Book (FRTB) framework

• Assess and evaluate internal risk models used by regulated financial institutions to ensure technical accuracy, compliance, and robust risk management practices

• Oversee data analytics, horizontal benchmarking, and industry-wide risk analysis to identify emerging trends, vulnerabilities, and market shifts

• Actively engage with senior internal stakeholders, executives within regulated institutions, and peer regulatory bodies on complex, technical risk issues

• Collaborate across multi-disciplinary teams and broader industry networks to achieve key regulatory and risk management outcomes

Key Requirements:

• You are an established subject-matter expert in traded market risk, counterparty credit risk, or IRRBB, bringing a strong blend of technical modeling proficiency and practical risk management experience

• Advanced expertise across technical modeling and risk management disciplines (e.g., VaR, Stressed VaR, IMM, CVA, or IRRBB frameworks)

• Analytical & Problem-Solving Capability: A proven track record of solving complex analytical problems and translating technical quantitative data into strategic recommendations

• Up-to-date knowledge of theoretical and practical developments in financial markets and international supervisory standards, particularly the Basel policy framework

• Superior written and verbal communication skills, with a proven ability to engage, challenge, and influence senior leaders within financial institutions

• Demonstrated ability to collaborate cross-functionally to achieve broader industry and organisational goals

At Randstad, we are passionate about providing equal employment opportunities and embracing diversity to the benefit of all. We actively encourage applications from any background.