Risk Modelling Development Specialist

About Us

At ANZ, we're shaping a world where people and communities thrive, driven by a common goal: to improve the financial wellbeing and sustainability of our millions of customers.

About the Role

Wholesale credit models are a key element in risk assessing the bank’s credit book and determining the bank's capital and provisioning. Wholesale ratings feed into the bank’s internal stress testing and ICAAP processes. Wholesale ratings are also used for pricing and risk appetite control. Group Credit Models (GCM) builds and maintain a wholesale suite of credit models (among other credit models). This role is part of the GCM team in the Group Risk Metrics and Measurement (RMM) department and focuses on the build and maintenance, including any remediation, of wholesale credit models that predict default risk, losses, and exposures. With the financial industry transforming and new cloud-based capabilities progress, this role will also support transforming modelling, including moving modelling activity into the cloud, and enhancing the team’s AI capabilities.

Role Location: Bengaluru

Role Type: Permanent, Fulltime

What will your day look like?

As an Associate Manager, you will be accountable for

Analysis and estimation of the drivers of credit risk of ANZ’s wholesale customers according to internal standards and regulatory requirements. Assessing the impact of these drivers on the capital position of ANZ. Understanding and supporting the model lifecycle end to end.
Assessment of emerging risks on the various portfolios, geographies, and business units within ANZ.
Building models that accurately estimate the credit risk of ANZ’s wholesale customers. Ensuring all services delivered comply with ANZ Group Risk strategy, policies, processes and standards and with external regulatory requirements.
Engaging stakeholders and participating in discussions with Internal Model Validation and Model Monitoring.
Supporting her/his Manager in investigating new modelling techniques and required data and investigating/researching the application of latest data science developments and machine learning techniques to wholesale credit modelling.
Presenting results in meetings and discussing results with stakeholders including model users, internal model validation, and the broader credit modelling team, i.e., retail modelling, wholesale modelling and stress test modelling.
Growing into a subject matter expert in the development of credit risk models.
Contributing to modelling team code libraries/packages on ANZ GitHub.

What will you bring?

To grow and be successful in this role, you will ideally bring the following:

The ‘must have’ knowledge, skill and experience (KSE) the role requires are:

Experience with analytical packages (R, Python, SQL, SAS).
At least 2 years of experience with (retail or wholesale) credit risk modelling and a good understanding of credit metrics.
Basic understanding of finance and the commercial environment in which credit models are used.
Strong analytical, numerical, and research skills. Attention to details.
Able to work under tight schedules and consistently meet objectives.
Good written and verbal communication. Ability to present results in meetings and discuss results with stakeholders.

The ‘good to have’ knowledge, skill and experience (KSE) the role requires are:

Cloud computing and data skills.
Experience / exposure to banking data across retail / wholesale areas.
Knowledge of machine learning techniques.

Qualifications

Tertiary qualification in Finance, Statistics, Operations Research, Mathematics, Econometrics, Engineering, Data Science, or related field.

You’re not expected to have 100% of these skills. At ANZ a growth mindset is at the heart of our culture, so if you have most of these things in your toolbox, we’d love to hear from you.

So why join us?

From the moment you join ANZ, you'll be doing meaningful work that will shape a world where people and communities thrive.

But it's not just our customers who'll feel your impact. you'll feel it too. Because at ANZ, you'll have the resources, opportunities, and support you need to take the next big step in your career.

We're a diverse bunch at ANZ in different roles, different locations, doing different things. That's why we have a range of flexible working arrangements, so our people can 'make work, work for them'. We also provide a range of benefits including access to health and wellbeing services and discounts on selected products and services from ANZ and more.

At ANZ, you'll be part of an organisation where the different backgrounds, perspectives and life experiences of our people are celebrated. That's because we're committed to building a workplace that reflects the diversity of the communities we serve. We welcome applications from everyone and encourage you to talk to us about any adjustments you may require to our recruitment process or the role itself. If you are a candidate with a disability or access requirement, let us know how we can provide you with additional support.

To find out more about working at ANZ, visit https://www.anz.com.au/careers. You can apply for this role by visiting ANZ Careers and searching for reference number 93975.