Senior Analyst, Model Risk Management

When you join ASX, you're joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you'll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub. 

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The ASX team brings together talented people from a diverse range of disciplines. 

We run critical market infrastructure, with 1 in 3 people employed within technology.  Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We're proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture. Our employee-led networks champion LGBTIQ+ inclusion, promote gender equality, accessibility and wellbeing, inspire giving and volunteering, and celebrate cultural and religious events, creating a sense of belonging for all. As an AWEI Bronze employer and member of the Champions of Change Coalition for gender equality, we're committed to a fair and inclusive workplace where everyone can thrive.

Key purpose of the role:

The Clearing Risk Quantification and Development team is currently engaged in an extensive long-term strategic plan to enhance the existing clearing risk platform to completely overhaul and construct a top-tier clearing risk framework

Your Team

The Model Risk Management team is a second-line of defence team that has responsibility for the management of model risk relating to Clearing House risk models. This includes the management of the model inventory, independent testing and validation, on-going monitoring, outcomes analysis and management of Risks Not in Model.
The role will work in the team responsible for managing model risk in line with ASX's enhanced risk management framework.
To be successful in the position, the candidate requires strong technical abilities, excellent communication skills, and an inquisitive nature which enables them to identify issues, propose solutions and discuss complex concepts with stakeholders.

Your responsibilities

Work in a second-line of defence team that focuses on model risk management activities including:

• Adherence to the model risk framework to support the effective management of model risk for different stages of the model life cycle
• Management of the ASX Registers relating to models including; documentation, model maintenance and validation records
• Development of challenger/benchmark models to support validation, on-going model monitoring and model outcomes analysis
• Liaison with external stakeholders including participants, professional service firms and vendors on ASX models
• Authoring Reports and Presentations detailing validation of models for Management and Regulators
• Coordination of UAT testing activities for the wider Clearing Risk Quantification & Oversight team

Your experience and qualifications

Must have

• Demonstrated an ability to construct pragmatic analytical solutions to complex financial problems
• Had extensive exposure to financial markets at a participant, clearinghouse, or technology provider in a risk management capacity
• Acquired strong knowledge of risk management concepts and techniques
• Experience with model validation, testing, and implementation
• Excellent academic qualifications in a quantitative discipline

Nice to have

• Knowledge of ASX Derivatives products
• Understanding of end to end CCP activities, from data acquisition through to how model output is used
• Knowledge of the Australian Financial regulatory environment
• Programming experience ideally in C#  or an object oriented language
• Experience with SQL, JIRA, GIT, GoCD and Jenkins

We make hiring decisions based on your skills, capabilities and experience, and how you'll help us to live our values. 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 ASX Group, our diverse workforce is essential to build and maintain a fair and dynamic marketplace. We support flexible working and offer hybrid working options. Even if our roles are advertised as full-time, 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.