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

• As a Model Validation Analyst in our Markets Risk Team, you will be responsible for providing validation of risk models across Traded Market Risk (TMR) & Non-Traded Market Risk (NTMR), as well as Counterparty Credit Risk (CCR); in particular for risk engine or regulatory capital model validations.
• The role also provides quantitative risk support to new product development and provides quantitative subject matter expertise supporting a range of stakeholders across Markets Risk (all areas & asset classes) and supports Regulatory projects and Audit remediation work.
• The role reports to Senior Quantitative Analyst responsible for Risk Markets Models Validation

Banking is changing and we’re changing with it, giving our people great opportunities to try new things, learn and grow. Whatever your role at ANZ, you’ll be building your future, while helping to build ours.

Role Location: Bengaluru

Role Type: Permanent

What will your day look like?

As a Model Validation Analyst, you will be accountable for:

• Validation of risk models and implementations of risk engine or regulatory capital standard models – this covers large parts of TMR, NTMR & CCR, both systems and bespoke models
• Validation work in meeting Regulatory & Audit commitments
• Provide stakeholder assistance to ensure smooth operations of risk measurement and reporting systems within Markets Risk; provide quantitative support and assistance to Product managers, Technology and reporting functions in day to day activities of Markets Risk.
• Contribute to discussion of risk, regulatory and validation issues and how they will be handled by Risk MMV
• Maintain, in fact and in appearance, appropriate independence from model ownership and methodology development in all validations
• Assist quantitatively in ensuring the integrity of risk systems and the risk metrics they generate for ANZ’s Trading operations
• Assist in remediation of Audit issues and ensure all op risk, compliance and risk requirements of the job are 100% met.
• Provide proactive risk support to Markets Risk product managers & other Mkts Risk teams, as well as to associated functions (Finance, Front Office, technology etc)

What will you bring?

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

• Experience in Financial markets across number of asset classes
• Strong analytical skills and deep knowledge of financial mathematics, including the pricing and risk-attributes of derivatives products (swaps, options, exotics)
• Strong computational finance skills, including some programming expertise (C/C++, VBA, or Python etc)
• Strong understanding of markets risk concepts such as VaR, sensitivities, FVA, CVA, CSA-aware discounting etc and their mathematical calculation and properties
• Good interpersonal & communications skills with ability to work cross-functionally, across different business areas and stakeholder groups
• Advanced degree in a quantitative field of study (Maths, Physics, Actuarial Studies or Quant Finance etc

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 94142.

Job Posting End Date

02/05/2025 , 11.59pm, (Melbourne Australia)