Manager, Model Risk

2 weeks ago

Sydney, Australia AustralianSuper Full time

Australia’s $3.7 trillion superannuation industry is facing into a shifting landscape influenced by increased regulatory pressures, disruptive technologies, changes in demographics and ever-changing member expectations. It is critical that we understand and address these forces of change and are also able to adapt at a faster pace to respond to new challenges and capitalise on new opportunities.

**Your new role**

This is a key role, responsible for managing model risk at the Fund. This role must ensure compliance of Investment models with the Model Risk Management Standard, including conducting independent review over model development, implementation and usage.

This role’s primary responsibility is to manage the risk associated with a broad range of Investment models, including models used for managing derivative exposures, liquidity, risk models and systematic investment strategies.

This role is based in Sydney.

Key Duties will include:

- Conducting model validations consistent with regulatory guidelines and industry-leading edge techniques.
- Performing independent reviews of conceptual soundness, the reasonableness of model output, implementation and any other relevant modelling aspects impacting fit-for-use.
- Working with the model governance team to develop an appropriate validation plan to provide compelling challenges commensurate with the level of model risk.
- Producing documentation of effective processes and materials to support independent reviews and decisions.
- Assisting in performing oversight of investment and financial model’s inventory.
- 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,
- Git
- GitHub
- Bitbucket
- Domain expertise in the following areas is preferred.
- Capital Markets
- Fixed/Equities/Derivatives valuations.
- Market risk, counterparty credit risk and liquidity risk.
- Ability to understand and challenge existing models to identify and drive improvements.
- 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.
- 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.

**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 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**

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

**_Progress powered by purpose._

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