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Model risk manager - financial institutions

Sydney
beBee Careers
Risk Manager
Posted: 25 June
Offer description

**Risk Management Expertise**: We are seeking an experienced professional to lead the oversight of model risk across our organization. This critical role requires a strong understanding of financial modeling, regulatory expectations, and governance principles.

The successful candidate will be responsible for leading independent validation and review of key models, developing and maintaining the Model Risk Management Framework, and collaborating with model owners and developers to ensure effective model governance and lifecycle management.

This is an excellent opportunity to apply your expertise in model risk and quantitative analysis to drive business value and support our broader risk management framework. You will work closely with senior stakeholders to develop and implement strategic initiatives that align with our organizational goals.

**Key Responsibilities:**

* Lead independent validation and review of key models, including market risk, credit risk, stress testing, economic forecasting, and capital adequacy.
* Develop and maintain the Model Risk Management Framework, policies, and procedures in line with relevant standards.
* Collaborate with model owners, developers, and internal audit to ensure effective model governance and lifecycle management.

**Required Skills and Qualifications:**

* 8+ years of experience in model risk, quantitative risk, or financial modeling within a financial institution or regulator.
* Tertiary qualifications in a quantitative discipline, such as mathematics, statistics, finance, economics, or actuarial science.
* Strong understanding of model governance, validation techniques, and regulatory expectations.
* Experience with financial risk models, including VaR, stress testing, credit risk, and IRRBB.

**Benefits:**

* We offer a competitive salary and benefits package, as well as opportunities for professional growth and development.
* Our team environment is collaborative and supportive, with a focus on driving business value and supporting our organizational goals.

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