Manager, Model Risk Management at ASX | AU | Rezi

Manager, Model Risk Management at ASX

Manager, Model Risk Management

ASX · AU

3 weeks ago

Manager, Model Risk Management

ASX · AU

21 days ago
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About the Role

Join ASX, a leading global securities exchange and trusted market operator, to power a stronger economic future. You will be part of a dynamic team focused on model risk management, providing independent oversight and challenge of critical financial models.

Responsibilities

  • Translate strategy into clear direction and take an enterprise view of clearing risk.
  • Set clear priorities and manage delivery discipline across complex methodology and transformation work.
  • Coach, develop, and support a specialist quantitative team, building capability and accountability.
  • Lead with openness and constructive challenge, building collaborative partnerships across Risk, Line 1, Technology, governance forums, and external stakeholders.
  • Manage, coach, and support analysts in model validation practices, analytical methods, and stakeholder engagement.
  • Lead and contribute to the application of ASX’s Model Risk Management Policy, framework, and related standards.
  • Provide independent validation, review, and challenge of high and medium risk models and tools for clearing, settlement, and investment risk.
  • Develop and assess challenger or benchmark models to support validation, ongoing model monitoring, sensitivity analysis, back-testing, and outcomes analysis.
  • Support oversight of model performance reporting to relevant governance forums.
  • Maintain and improve model inventory, validation records, model documentation standards, and evidence of model risk decisions.
  • Provide senior input into external model reviews, regulatory engagement, and management reporting.

Requirements

  • Extensive experience applying quantitative analysis to complex financial risk, clearing, settlement, or investment risk problems.
  • Demonstrated experience in model validation, independent review, and challenge, including assessment of model assumptions, limitations, data, methodology, and implementation.
  • Strong knowledge of model risk management frameworks, governance, controls, and regulatory expectations in a financial markets or financial services environment.
  • Ability to produce clear, senior-level reporting and recommendations for management, governance forums, and regulators.
  • Excellent academic qualifications in a quantitative discipline, such as mathematics, statistics, financial engineering, econometrics, computer science, or a related field.
  • Knowledge of ASX clearing and settlement services, CCP risk management, margin, capital, or liquidity stress testing models.
  • Understanding of end-to-end CCP activities, from data acquisition and methodology design through to model implementation, reporting, and use.
  • Knowledge of the Australian financial regulatory environment and expectations for model risk management, governance, and independent oversight.
  • Programming or analytical tooling experience, ideally in C#, Python, SQL, or another object-oriented or quantitative language.
  • Experience using collaboration, development, or delivery tools such as JIRA, GIT, GoCD, or Jenkins.
  • Must be legally authorised to work in Australia on a permanent basis without any restrictions.

Skills

  • Quantitative analysis
  • Financial risk management
  • Clearing risk
  • Settlement risk
  • Investment risk
  • Model validation
  • Independent review
  • Model challenge
  • Model risk management frameworks
  • Governance
  • Controls
  • Regulatory expectations
  • Reporting
  • Mathematics
  • Statistics
  • Financial engineering
  • Econometrics
  • Computer science
  • CCP risk management
  • Margin
  • Capital
  • Liquidity stress testing
  • C#
  • Python
  • SQL
  • JIRA
  • GIT
  • GoCD
  • Jenkins

Location

  • Australia

Work Type

  • Hybrid working options
  • Full-time
  • Part-time

Experience Level

  • Extensive experience
  • Senior input

Education Level

  • Excellent academic qualifications in a quantitative discipline

Benefits

  • Flexible working

About the Company

  • ASX powers Australia's financial markets, enabling a fair and dynamic marketplace.
  • We are a leading global securities exchange with a strong brand, known as a trusted market operator and an exciting data hub.
  • The ASX team brings together talented people from a diverse range of disciplines, running critical market infrastructure.
  • We foster a workplace where diversity is celebrated and inclusion is part of our everyday culture.
  • We are an AWEI Bronze employer and a member of the Champions of Change Coalition for gender equality.

Equal Opportunity

  • We encourage you to apply even if you don’t meet all the criteria of this role.
  • If you need any adjustments during the application or interview process to help you present your best self, please let us know at careers@asx.com.au.
  • Our diverse workforce is essential to build and maintain a fair and dynamic marketplace.
  • We support flexible working and offer hybrid working options.
  • We encourage you to apply if you are interested in part-time or other flexible working arrangements.
  • We will arrange for successful candidates to have background checks, including reference and police checks, completed as part of the on-boarding process.