Associate Director, Model Risk Management

• Job number:

  807492

• Primary position location:

  NSW- Sydney CBD

• Primary position location:

  VIC- Melbourne CBD

• Category:

  Compliance, Regulatory Risk & Financial Crime

• Work type:

  Permanent Full time

• Closing at: May 27 2026 - 23:55 AEST

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• Gain exposure to a wide range of stakeholders across the bank

• Shape the future of Model Risk Management at NAB

• Join a supportive and collaborative team in this high-profile role

Our people are customer obsessed. They prioritise the needs and satisfaction of the customer above all else. Our mindset fosters innovation and creates strong, lasting customer relationships as we strive to be the most customer centric company in Australia and New Zealand.

As the Associate Director, you will join the Risk Frameworks, Execution and Models Team that is doubling down on shaping our strategic Model Risk Management approach while protecting our customers.

Each day, you’ll go above and beyond to:

• Manage enterprise model risk framework, policy/standards, and model risk appetite.

• Support validation strategy, methodology, and annual coverage plan.

• Provide credible challenge to model owners and senior stakeholders.

• Maintain model inventory completeness, tiering, and lifecycle governance, including status of remedial actions across the model suite.

• Monitor model risk posture through KRIs/KPIs and control effectiveness testing.

• Support Head of Model Risk in Board/ExCo reporting on model risk, issues, trends, and remediation.

• Support uplift roadmap (capability, tooling, monitoring automation, governance).

• Oversee model incidents/breaches and ensure robust remediation and lessons learned.

We’re looking for the best and brightest to deliver the best for our customers. You’ll need:

• Previous experience in banking/financial services, model risk, and/or governance, and/or strong operational risk experience.

• Strong engagement and influencing skills with the ability to work closely with multiple stakeholders, to convey complex ideas clearly and concisely and deliver outcomes.

• Understanding of how models affect e.g.: credit decisions and capital (IRB where relevant); provisioning (IFRS9/ECL drivers); stress testing and scenario analysis; pricing and customer decision; financial crime/fraud detection systems; remediation streams; and markets and treasury outcomes.

• AI/ML awareness including an understanding of the regulatory environment relating to the use of AI to challenge the development and implementation of AI/GenAI/Agentic models (vendor or “in-house” models) for a variety of use, including within own team processes.

• Excellent strategic thinking, resilience, autonomy, and a customer focused mindset are essential for this role.

• Strong written communication skills with the ability to write board quality papers.

A diverse and inclusive workplace works better for everyone

We know that our people make us who we are. That's why we have built a culture of equity and respect – where everyone feels valued and appreciated for being their authentic selves. In partnership with our multiple Employee Resource Groups (ERGs) we continue to foster an inclusive environment, where all NAB colleagues’ unique backgrounds and identities are understood, respected and celebrated. We are committed to providing an environment where you can work your way.

For details on the recruitment process, and accessibility, please visit https://www.nab.com.au/about-us/careers/apply-for-job. To discuss adjustment requirements, please contact the NAB Careers team, via [email protected] (please reference job number) or visit our Careers page through the link above for other contact options.

Join NAB

If you think this role is the right fit for you, we would love to hear from you. Please note candidate screening and interviews may be conducted prior to the closing date of the job advert.