Senior Credit Risk Model Validation – 12‑Month Contract

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

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