Credit Risk Model Specialist Job Opportunity in Brisbane

Job Title:    Credit Risk Model Specialist
Job Ref.:    621814
Job Location:    Brisbane CBD
Employer:    Suncorp Group
Job Type:    Permanent Term Full Time
About Us
The Suncorp Group is one of Australia's leading Financial Services organisations and comprises the 5th largest bank and 2nd largest general insurance operations in Australia.  We employ over 16,000 people and service a customer base of over 9 million, with over $95 billion in assets.  Our unique mix of business in Banking, Insurance and Wealth / Life means we are the most diversified national financial services company in Australia.  We are also a recognised 'Employer of Choice' and EOWA awarded in 2012.

Job Summary:
The Credit Risk team are now looking for a highly motivated Credit Risk Model Specialist to develop, maintain and enhance quantitative models to perform the calculation and allocation of regulatory & economic capital for the various credit portfolios.

Reporting to the Project Manager – Credit Risk, the key purpose of this role is to design, develop and enhance the credit risk modelling capabilities and to perform the calculation and allocation of regulatory & economic capital for the various credit portfolios.  Credit Risk Models include retail loan origination models, business banking customer rating models, collective provisioning and expected loss models and behavioural scoring models.

Job Requirements:

• To be considered for this role, you will have at least 3 years experience in a quantitative analyst role and a tertiary qualification in a relevant discipline.  In addition you will have the following skills and knowledge:
•     In-depth knowledge of scorecard/model design, selection, implementation, validation and credit rating systems
•     Familiarity with Basel II risk estimates and regulatory frameworks for banks
•     Commercial experience with Monte Carlo simulations, Logistic & Linear Regression & Time Series Analysis methodologies.
•     Strong analytical skills with particular focus on statistical and economic data.
•     Ability to convey complex data in a concise understandable manner; ability to relate and engage with stakeholders from both technical and non-technical disciplines.
•     Ability to translate business problems into mathematical parameters and solutions.

Job Duties:

•     Design, build, monitor, validate, document, implement and rebuild:
•     Credit risk scorecard models (focus on Corporate PD and LGD models)
•     Review and enhancement of the Suncorp's Risk Rating scales.
•     Ensure all Credit Risk models owned by Credit Risk Analytics comply with the Group's Model Integrity Policy, the Suncorp Bank Credit Risk Model Governance Framework and all minimum standards, including documentation.
•     Conduct detailed analytical work with a high level of accuracy in order to deliver high level results to senior management, and assist in the management and education of enhanced credit risk approaches.
•     Lead expert judgement sessions to inform the model build.
•     Identify ongoing improvements to the model reporting.
•     Responsible for logging and tracking issues through to resolution.
•     Define and specify key data requirements to support modelling approaches.
•     Document model "technical manual" and modelling choices made.
•     Build relationships with operational risk advisory, quantitative analyst, reporting and regulatory specialist stakeholders.
•     Take leading role in communications and education of new modelling approaches to business and functional area stakeholders; provide development updates and syndication with APRA quantitative peers.
•     Participate in peer review of other models.
•     Ensure consideration of implementation approaches throughout the model design work.
•     Ensure sufficient handover to BAU teams to allow management of the continuous development of the models to ensure ongoing performance and compliance to current regulatory frameworks, data extraction and mapping processes and changes to the Bank's Risk Appetite.

In return you will benefit from joining a dynamic team who are motivated and passionate about what they deliver to the business and who are afforded autonomy and accountability in their day to day work.  Suncorp offers genuine professional development opportunities with an attractive reward programme and a range of corporate and lifestyle benefits.

For more information please refer to the full position description attached and apply online.  Alternatively, please call Leslee Kennedy on 07 3135 4125.

Deadline Date: 21/02/2014

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