Manager – Credit Risk Model Validation

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

Sydney, Melbourne, Brisbane or Adelaide | Adaptable 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.

📌 Manager - Credit Model Validation (Sydney)
🏢 Ethos BeathChapman
📍 Sydney