Senior Manager - Managerial Model Validation

Sydney, NSW - CBP North, 1 Harbour Street, Australia

Commonwealth Bank

CommBank offers personal banking, business solutions, institutional banking, company information, and more

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  • You are passionate about all things data related with an interest in workforce insights

  • We are a high performing team with a passion for innovation and continuous improvement

  • Together we can deliver an exemplary experience for our stakeholders and the Group

Do work that matters

You will be part of a skilled quantitative team serving all business units across the CBA Group. Reporting to the Executive Manager, Managerial Model Validation, Model Risk & Validation, your key responsibilities include:

Leading a small team of quants and data scientists in India:

  • Recruitment, retention, coaching and career development

  • Leading and executing validation activity for a broad range of advanced managerial models. These would include Artificial Intelligence (AI) / Machine Learning (ML) and climate models.

  • Providing experience and on-the-job training to quants and senior quants

Supporting a strategic transformation agenda:

  • Promoting and championing modern analytics tooling for validation including working papers

  • Use of modern execution and hybrid-working tooling

  • Presenting to internal working groups, technical forums, gover

  • nance committees and/or regulatory meetings

  • Maintaining productive relationships with model development teams, model owners, business unit teams and other stakeholders

See yourself in our team

Model Risk & Validation provides assurance and oversight of models across the group.  The team leads and conducts validation of the Group’s models, based on internal policy and procedures, regulatory guidance, and the industry’s best practices.

It provides line 2 assurance and challenge for all models within the CBA group. The team also influences the technology, data and validation strategies through active engagement with BU’s and executive level stakeholders across the group.

We’re interested in hearing from people who have

  • Leadership of small quantitative teams, preferably with international reach

  • Proven stakeholder management skills including of Executive Managers and Heads of

  • Excellent written and verbal communication skills

  • Tertiary qualifications, in a quantitative discipline such as mathematics, statistics, econometrics, actuarial science, computer science or physics

  • 7+ years of experience in building and/or validating models, preferably in financial services; ability to pick up new concepts and modelling techniques quickly is essential

  • Experience in developing/validating AI/ML models and tools using Random Forests, Gradient Boosted Machines, Deep Neural Networks, etc.

  • Advanced knowledge of modern analytical tools including Hadoop, R, Python and Git. Knowledge in other programming languages such as SQL, C++, VBA, etc. is also desirable.

If this sounds like you - apply today!

If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.

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Advertising End Date: 11/02/2025
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* Salary range is an estimate based on our AI, ML, Data Science Salary Index 💰

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Category: Leadership Jobs

Tags: Computer Science Econometrics Git Hadoop Machine Learning Mathematics ML models Physics Python R SQL Statistics

Perks/benefits: Career development

Region: Asia/Pacific
Country: Australia

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