Senior Manager — Model Risk & Scenario Analytics

IOOF Holdings Limited; Sydney; Hybrid; AUD 180,000 - 230,000; Full time

Job summary

IOOF Holdings Limited in Sydney seeks a Senior Manager, Model & Financial Risk Management to lead model risk, scenario analysis, and financial resilience frameworks across the group. The role provides specialist Line 2 risk advice to risk, finance, treasury, technology and data teams while engaging senior stakeholders to strengthen governance and decision-making.

You will oversee governance, validation, and the development of severe-but-plausible scenarios, driving continuous improvement in risk

Qualifications

• 7+ years’ experience across model risk, financial risk, assurance, governance or related risk disciplines within complex financial services.
• Strong knowledge of model risk governance, including model inventories, materiality, lifecycle controls, monitoring and independent validation.
• Experience across scenario analysis, stress testing, capital or liquidity risk, financial resilience and/or ORFR, ideally within Australian financial services or superannuation.
• Working knowledge of relevant APRA prudential requirements, including SPS 114, CPS 190 and CPS 230.
• Strong Line 2 review and challenge capability, with the judgement to turn complex risk issues into practical recommendations.
• Strong analytical capability and confidence working with both quantitative and qualitative information.
• Excellent communication and influencing skills, including experience engaging senior leaders and preparing executive, committee or Board-level materials.
• A tertiary qualification in Business, Commerce, Finance, Economics, Risk, Actuarial Studies, Law or a related discipline.

Responsibilities

• Lead and maintain the Model Risk Management Framework, providing oversight and challenge across the model lifecycle, including AI-enabled, vendor and third-party models.
• Oversee model governance, risk assessment, monitoring and independent validation of material models.
• Coordinate the Models Committee, supporting effective governance and decision-making around model risk and validation outcomes.
• Lead the organisation’s scenario analysis framework, including the development and assessment of severe-but-plausible scenarios.
• Provide specialist Line 2 advice and challenge across financial risk, including ORFR target modelling, capital and liquidity risk, financial resilience and risk appetite.
• Contribute to executive and Board-level risk reporting and governance.
• Partner across Risk Management, Finance, Treasury, Technology, Data & AI and the broader business to embed strong risk practices.
• Drive continuous improvement across risk governance, data, reporting and assurance practices.

Skills

Model risk governance

Financial risk

Risk governance

Line 2 risk advisory

Education

Tertiary qualification in Business, Commerce, Finance, Economics, Risk, Actuarial Studies, Law

Job description

IOOF Holdings Limited in Sydney seeks a Senior Manager, Model & Financial Risk Management to lead model risk, scenario analysis, and financial resilience frameworks across the group. The role provides specialist Line 2 risk advice to risk, finance, treasury, technology and data teams while engaging senior stakeholders to strengthen governance and decision-making.

You will oversee governance, validation, and the development of severe-but-plausible scenarios, driving continuous improvement in risk