Senior Associate Director — Credit Model Validation

NAB; Sydney; On-site; AUD 180,000 - 280,000; Full time

Benefits offered by this job

enhanced leave options

wellbeing support

access to NAB Perks

ongoing career development

Job summary

NAB is seeking an Associate Director to lead the Risk Frameworks, Execution and Models Team in Australia. The role focuses on shaping the strategic Model Risk validation approach while safeguarding customers and capital adequacy.

You will supervise independent validation of credit models, oversee performance testing, and partner with model owners to remediate findings, driving robust risk management practices within NAB.

Qualifications

• Experience in banking/financial services and model validation.
• Strong statistical and economic modelling skills; coding in Python and SAS.
• Ability to write detailed validation reports with sound analytical evidence and rationale.

Responsibilities

• Lead independent validation of IRB, IFRS9 and credit decisioning models.
• Assess conceptual soundness of 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 are reflected in capital usage and related frameworks.

Skills

Statistical modelling

Economic modelling

Stakeholder engagement

Communication

Tools

Python

SAS

Job description

NAB is seeking an Associate Director to lead the Risk Frameworks, Execution and Models Team in Australia. The role focuses on shaping the strategic Model Risk validation approach while safeguarding customers and capital adequacy.

You will supervise independent validation of credit models, oversee performance testing, and partner with model owners to remediate findings, driving robust risk management practices within NAB.