Req ID: 108050
Department: Risk Metrics & Measurement - Credit Model Validati
Division: Risk
Location: Melbourne
About Us
At ANZ, we're applying new ways technology and data can be harnessed as we work towards a common goal: to improve the financial wellbeing and sustainability of our millions of customers.
Our community of over 5,000 engineers is key to making this happen, because technology underpins every part of our business - from delivering tools, apps and services for our customers, to building a bank for the future.
About the Role
The Climate Risk Model Validation Manager position with the Credit Model Validation and Insights (CMVI) team at ANZ is primarily responsible for the independent validation of climate-adjusted credit risk models across both Retail and Wholesale portfolios. The successful candidate is expected to conduct model validations autonomously. The role is not expected to have direct people management responsibilities.
Role Location: Melbourne
What will your day look like?
The Risk Modelling Validation Specialist will join the Credit Model Validation and Insights (CMVI) team, focusing on the independent analysis and validation of climate risk-adjusted credit risk models (e.g., expected credit loss and related frameworks). The role involves critically assessing model design, data sources, and methodologies, and structuring validation findings for senior stakeholders. You will work closely with model developers and business partners to challenge assumptions, identify model limitations, and ensure alignment with regulatory and internal standards. The position requires a high degree of autonomy, strong analytical judgement, and the ability to communicate complex issues clearly and concisely:
Critically analyse climate and credit risk models, with a focus on identifying strengths, weaknesses, and areas for improvement.
Structure and communicate validation findings and issues clearly for senior stakeholder consumption, ensuring insights are actionable and relevant to business strategy.
Liaise directly with model developers and business partners to discuss model design, data sources, assumptions, and validation outcomes.
Use internal reports and data to deep dive into source data and model methodologies, challenging and verifying key inputs and outputs.
Participate in the development and refinement of frameworks and methodologies for climate risk model validation, ensuring alignment with regulatory expectations and industry best practice.
Contribute to the continuous improvement of validation processes, drawing on lessons learned and emerging trends in climate and credit risk modelling.
Support the team in preparing concise, high-quality documentation and presentations for governance forums and regulatory reviews.
What will you bring?
To grow and be successful in this role, you will ideally bring the following:
Experience in building or validating credit and/or climate risk models, including IRB capital, IFRS9/AASB9 ECL, or stress testing
Ability to work with limited historical data and novel methodologies, including proxy data and synthetic datasets
Strong quantitative skills from a field such as Mathematics, Statistics, Econometrics or Data Science
Proficiency in at least one programming language used in quantitative modelling, such as Python, R, Julia, MATLAB or SAS
Strong data skills, including SQL and experience with large datasets (for example, geospatial, climate, or credit risk data)
Strong understanding of model risk management principles, including governance, documentation, and regulatory expectations for model validation.
Relevant Experience:
Awareness of climate risks (physical and transition) and their implications for credit and financial risk
Familiarity with industry climate scenario datasets such as NGFS scenarios, vendor address level physical risk scenario data, etc.
Knowledge of APRA regulatory standards, particularly CPG 229, APS 113, and accounting standards AASB9/IFRS9
Experience in the financial services or insurance sectors, particularly those involved in climate-related modelling are highly desirable
So why join us?
From the moment you join ANZ, you'll be doing meaningful work that will shape a world where people and communities thrive.
But it's not just our customers who'll feel your impact. You'll feel it too. Because at ANZ, you'll have the resources, opportunities, and support you need to take the next big step in your career.
We're a diverse bunch at ANZ in different roles, different locations, doing different things. That's why we have a range of flexible working arrangements, so our people can 'make work, work for them'. We also provide a range of benefits including access to health and wellbeing services and discounts on selected products and services from ANZ and more.
At ANZ, you'll be part of an organisation where the different backgrounds, perspectives and life experiences of our people are celebrated. That's because we're committed to building a workplace that reflects the diversity of the communities we serve. We welcome applications from everyone and encourage you to talk to us about any adjustments you may require to our recruitment process or the role itself. If you're a candidate with a disability or access requirement, and have an enquiry about the support provided, please let us know on your application or visit ANZ Accessibility and Inclusion Programs for alternate contact methods.
. You can apply for this role by visiting ANZ Careers and searching for reference number
Job Posting End Date
27/01/2026, 11.59pm, (Melbourne Australia)