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Analyst Model Validation

Analyst Model Validation

Req ID:  22593
Department:  Validations (39970413)
Division:  Risk (T87550)
Job Family:  Banking / Core (default)
Location:  Melbourne

About the role

Role Location:  Melbourne
Role Type: Permanent, Full-time


The role is part of ANZ's Credit Model Validation & Insights (CMVI) team and focusses on the independent validation of both new and existing wholesale models for credit risk (AIRB), stress testing and provisioning (IFRS9). 
Responsibilities include the review of models, engagement with stakeholders, providing ongoing feedback during the validation process as well as the development of model validation methodologies, tools, analysis, and reports to support CMVI's model validation process.

What will your day look like

  • Deliver validation reports on time and at a high-quality standard.
  • Highlight key risks at an early stage of model development / remediation projects.
  • Actively engage with stakeholders, including CMVI Senior Managers, Group Wholesale Modelling (GWM), Model Governance, Risk Systems Assurance (RSA), Technology and Business Unit Risk representatives, to achieve a high level of customer satisfaction by ensuring an effective validation process.
  • Adopt a pro-active communication engagement strategy to anticipate future business needs, keep stakeholders informed of validation outcomes, highlighting key risks in models, and collaborating to formulate remediation actions.
  • Research and enhance model validation methodologies and document in CMVI Standards and Procedures. Ensure the use of appropriate and industry-accepted model validation methodology.
  • Review of new and remediated wholesale rating models, stress testing models and provision models, while adhering to CMVI Standards & Procedures and relevant prudential standards and regulatory guidelines.
  • Apply quantitative knowledge to risk estimation and model building.
  • Work under tight schedules and consistently meet objectives.
  • Provide ongoing support to other CMVI streams globally.

What will you bring?

  • Quantitative degree in statistics, actuarial, econometrics, mathematics, physics, engineering, or related field.
  • Programming experience in R/SQL/Python and excel skills are essential.
  • Ideally 3 years of experience with credit risk management, or statistical modelling.
  • Knowledge of working on financial models, expert models across broad range of wholesale portfolios would be added advantage.
  • Very good written and verbal communication.
  • Problem solving skills and attention to detail.

So, why join us?

We’re reinventing the way we do banking, and our community of collaborative, innovative thinkers who create human-centred solutions are helping us get there. We’re responding faster to changing customer requirements, focusing on the things that matter. 


We’ll also offer you the opportunity to develop your career, working in a diverse and inclusive workplace where the different backgrounds, perspectives and life experiences of our people are celebrated and create a great place to grow, thrive and belong.


A happy workplace is a thriving one, and some of the perks you’ll get from being an employee at ANZ are:

  • Lifestyle leave - top up your annual leave with up to four weeks of additional purchased leave or take a longer period of unpaid time off
  • Great discounts on our financial products, and an annual Superannuation top up payment of $500 for all female employees to address the Superannuation gender gap
  • Competitive parental leave policies for both mums and dads, with a lump sum childcare contribution when you return to work


We work flexibly at ANZ and encourage you to talk to us about how this role can be flexible for you and any adjustments you may require to our recruitment process or the role itself. If you are a candidate with a disability, let us know how we can provide you with additional support.


Interested in joining us?


Click Apply Now, or visit to find out more or view other opportunities.

Job Posting End Date

3-October 2022, 11.59pm, (Melbourne Australia)

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