Manager, Model Risk

At AustralianSuper, we truly care about our colleagues. We know work and life are intertwined. That’s why we support the diverse needs of everyone and have policies that enable us all to thrive and be truly flexible. We ensure diversity is celebrated for the opportunity it provides us all to learn and grow, and deliver better outcomes for members.

Your New Role

Responsibilities Include:

• Conducting model validations consistent with regulatory guidelines and industry-leading edge techniques;
• Performing independent reviews of conceptual soundness, implementation, assumptions, limitations, the reasonableness of model output, and any other relevant modelling aspects impacting fit-for-use;
• Producing model validation reports as well as review validation reports from external validators and Peer reviewers;
• Assisting in performing oversight of model inventory;
• Following and contributing to improvements in Model Risk Management standards, procedures, and policies;
• Developing an effective back testing plan for critical models used across different asset classes and a robust model risk analytics framework for appropriate governance;
• Reviewing the model’s performance monitoring results and model calibration exercises.

What You’Ll Need

• Relevant experience in quantitative modelling, especially validating investment and financial models;
• Awareness of the model risk management regulatory landscape;
• Experience in designing models in the following programming languages:
• Python
• SQL
• R
• VBA
• MatLab
• Exposure to Version Control Systems (VCS) or Source Code Management (SCM). For instance:
• GitHub
• Azure DevOps
• Domain expertise in one or more of the following areas is preferred:
• Capital Markets
• Fixed Income/Equities/Derivatives valuations;
• Market risk, counterparty credit risk and liquidity risk;
• Financial forecasting and/or Actuarial models;
• Infrastructure and Private credit models.
• Meticulous attention to detail with a focus on quality and accuracy of outcomes;
• Strong analytical capabilities with demonstrated problem-solving skills and a high level of curiosity;
• A proactive and positive attitude to take on tasks and develop subject matter expertise;
• Ability to understand and challenge existing models to identify and drive improvements;
• Excellent organizational abilities to manage tasks according to priority;
• Strong communication skills and ability to engage and influence at senior management levels;
• Post-graduate qualifications in quantitative fields like mathematics, statistics, econometrics, computer science, or actuarial studies.
• Python
• SQL
• R
• VBA
• MatLab
• GitHub
• Azure DevOps
• Capital Markets
• Fixed Income/Equities/Derivatives valuations;
• Market risk, counterparty credit risk and liquidity risk;
• Financial forecasting and/or Actuarial models;
• Infrastructure and Private credit models.

This is a permanent role based in Sydney or Melbourne.

Life At Australiansuper

AustralianSuper is committed to colleague development, and we support our people with ongoing learning, coaching and training, as well as career opportunities across our expanding global organisation. We offer generous leave entitlements and promote a blended working environment in which all roles can flex, and we’re happy to discuss what this looks like for you.

We cultivate a workplace that champions safety, respect, inclusiveness and diversity.  We are committed to supporting our diverse workforce in a way that is inclusive and embraces diversity in all its forms. If you require any reasonable adjustments to the recruitment process or the role, please let our recruitment team know.

What’S Next

Apply now, if you share our values of Energy, Integrity, Generosity of Spirit and Excellent Outcomes and would like the opportunity to work in a challenging, growing and rapidly evolving team to deliver outstanding results.

Australian or New Zealand citizenship or Australian permanent residency status is required.

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Agencies please note: this vacancy is being managed directly by AustralianSuper’s Talent Acquisition team. We will contact our preferred agency partners should we require additional support. Thank you.