Australia onlyOffers freedom to challenge existing approaches and develop new methodologies
Offers variety across different projects, from IRB, IFRS9 and internal operational models applying innovative validation techniques
Join a supportive and collaborative team in this high-profile 12-month fixed term role
Our people are customer obsessed. They prioritise the needs and satisfaction of the customer above all else. Our mindset fosters innovation and creates strong, lasting customer relationships as we strive to be the most customer centric company in Australia and New Zealand.
As theAssociate Director,youwilljoin theRisk Frameworks, Execution and Models Teamthat is doubling down on shaping our strategic Model Risk validation approach while protecting our customers.
Each day, you’ll go above and beyond to:
Lead independent validation of IRB and other credit risk models e.g. credit decisioning, PiT provisioning etc, to assess conceptual soundness of rating philosophies; data quality and representativeness; calibration and performance testing; benchmarking and sensitivity analysis; stability and‑testing across economic conditions.This also includes incorporating a state of the cycle assessment for calibration.
Oversee validation assessment of model performance through the cycle, including drift, instability, and bias; portfolio and segment‑level outcomes; interaction with overlays, expert judgement and management adjustments.
Provide credible challenge where outcomes diverge from expectations or risk appetite.
Ensure validation conclusions are reflected in capital usage and RWA outcomes; credit decisioning frameworks; limitations, overlays, and monitoring requirements.
Partner with model owners to ensure findings are remediated appropriately.
Act as Line 2 technical authority on credit model validation matters. Support regulatory reviews, deep dives, and supervisory engagement relating to IRB models.
Support more junior credit validation specialists.
We’re looking for the best and brightest to deliver the best for our customers. You’ll need:
Previous experience in banking/financial services, model development/validation, credit risk, and/or quantitative modelling roles (developing models, extracting data), and/or governance.
Strong statistical and economic modelling skills with coding languages essential (python, SAS)
Strong engagement and influencing skills with the ability to work closely with multiple stakeholders, to convey complex ideas clearly and concisely and deliver outcomes.
Understanding of how models affect e.g.: credit decisions and capital (IRB where relevant); provisioning (IFRS9/ECL drivers); stress testing and scenario analysis; pricing and customer decision; financial crime/fraud detection systems; remediation streams; and markets and treasury models.
AI/ML awareness including an understanding of the regulatory environment relating to the use of AI to challenge the development and implementation of AI/GenAI/Agentic models (vendor or “in-house” models) for a variety of use.
Excellent strategic thinking, resilience, autonomy, and a customer focused mindset are essential for this role.
Strong written communication skills with the ability to write detailed validation reports to outline findings and model rating outcomes which are backed by sound analytical evidence and rationale.
A diverse and inclusive workplace works better for everyone
We know that our people make us who we are. That's why we have built a culture of equity and respect – where everyone feels valued and appreciated for being their authentic selves. In partnership with our multiple Employee Resource Groups (ERGs) we continue to foster an inclusive environment, where all NAB colleagues’ unique backgrounds and identities are understood, respected and celebrated. We are committed to providing an environment where you can work your way.
For details on the recruitment process, and accessibility, please visithttps://www.nab.com.au/about-us/careers/apply-for-job. To discuss adjustment requirements, please contact the NAB Careers team, vianab.careers@nab.com.au(please reference job number) or visit our Careers page through the link above for other contact options.
Join NAB
If you think this role is the right fit for you, we would love to hear from you. Please note candidate screening and interviews may be conducted prior to the closing date of the job advert. Unsolicited CVs from agencies will not be accepted.
