• Use your expertise to drive positive outcomes for our customers
• You’ll be supported to manage your career, work and life
• Be rewarded and recognised for the value you bring

It’s more than a career at NAB. It’s about more opportunity, more moments to make a difference and more focus on you.

Your job is just one part of your life. When you bring your ideas, energy, and hunger for growth to us, you’ll be recognised and rewarded for your contribution in return. You’ll have our support to excel for our customers, deliver positive change for our communities and grow your career.

It’s a good time to see what more you can find at NAB as Associate Director - Enterprise Model Validation.

Enterprise Model Validation (EMV) is a specialised model risk management function conducting in depth assessment of all model risk related measures used in the business. These assessments require rigorous understanding of underlying modelling techniques as well as of the business context in which those models are being used. We are therefore looking for candidates who can establish connections between sophisticated modelling techniques and strategic decision-making processes.

Key Accountabilities:

• Validation of high material models used in the Bank. This includes stakeholder / model owner engagement, writing of a validation report, assigning a validation rating of models and negotiating remedial actions following a validation, etc.
• Identification of business improvements in relation to models.
• Opportunity to provide a model risk advisory role to the business and add value through your independent review and challenge of existing models.
• Production of regular validation information to the Group Model Risk Committee regarding model performance.
• Support the pipeline of model validation activity
• Assist with engagement to senior management, regulators, professional bodies and other interested stakeholders on the performance of enterprise models.
• Support / coaching of / sharing of knowledge with team members as required.

What you will bring:

• 7 Possess a minimum of 5 years’ experience in financial risk including both risk management and quantitative modelling (preferably within the banking sector)
• A strong quantitative background is a prerequisite.
• Hold a graduate degree (preferably Masters or PhD) in a quantitative field such as Financial Engineering, Applied Finance / Statistics / Mathematics and Computational Finance.
• Experience in development or validation of statistical models either through academic or ‘on the job’ role.
• Demonstrate deep understanding the regulatory environment.
• Be familiar with development and implementation of risk models (vendor or “in-house” models) for a variety of lending products.
• Strong computer literacy is essential, familiarity of Excel/SAS/SQL/R/Python
• Strong analytical capability and experience.
• Good communication skills both written and verbal.

A diverse and inclusive workplace works better for everyone.

At NAB, we are intent on building a culture we can all be proud of. One based on trust and respect. An uplifting environment where every single one of us feels appreciated and empowered to be our true, authentic selves. A diverse and inclusive workplace where our differences are celebrated, and our contributions are valued. It is a huge part of what makes NAB such a special place to be.

More focus on you
We are committed to delivering a positive experience for our colleagues and a workplace you can be proud of. We support our colleagues to balance their careers and personal life through flexible working arrangements such as hybrid working and job sharing and competitive financial and lifestyle benefits. We invest in our colleagues through world class development programs (Distinctive Leadership and Career Qualified in Banking), and empower you to learn, grow and pursue exciting career opportunities. To learn more, visit the Benefits of Working at NAB page on our website.

Join NAB
If you think this role is the right fit for you, we invite you to apply.

If you require any reasonable adjustments to the recruitment process or the role, please let the recruitment consultant know.

Please note candidate screening and interviews may be conducted prior to the closing date of the job advert.

Please note unsolicited CVs from agencies will not be accepted.