Commonwealth Bank (CommBank India)
Bengaluru, Karnataka, India Posted 1d ago
Commonwealth Bank provides financial services to help people and businesses move forward. The Model Risk and Validation team plays a critical role in safeguarding the integrity of data-driven decisions across the Group by providing second-line assurance through rigorous oversight and challenge.
Key Responsibilities
Perform validation activities assessing data quality, modelling methodologies, model performance and regulatory compliance across the model lifecycle for IRB, IFRS9 and Stress Testing models.
Engage proactively with stakeholders including internal audiences and forums comprising model developers, owners and monitors to communicate findings, risks, and recommendations.
Contribute to strategic transformation and continuous improvement in the validation function, streamlining workflows, uplifting validation methodologies, and enhancing the quality, consistency and efficiency of validation outcomes.
Requirements
2-4 years of credit risk model validation or development experience on IRB, IFRS9 and stress testing models.
Demonstrated experience in end-to-end delivery of projects with sound communication and time management skills.
Tertiary qualifications in a quantitative discipline such as mathematics, statistics and econometrics.
Programming skills in SAS, R, Python, and SQL.
Experience with the Basel regulatory standards regarding credit risk.
Working knowledge of AI tools like copilot, GPT, and Claude.
Bachelor’s degree or master’s degree in engineering in Computer Science or Information Technology.
