Manager Model Risk & Validation (Liquidity Risk)

We’ve never been ‘just a bank’. Just like you should never be ‘just an employee’. We’re united in our belief that in banking, better can be bigger, and together we’re making it happen.

We’ve never been ‘just a bank’. Just like you should never be ‘just an employee’. We’re united in our belief that in banking, better can be bigger, and together we’re making it happen.

It starts here. With Bendigo Bank… and you.

Come and be part of our specialist Enterprise Risk team. This is an exceptional opportunity for a quantitative risk professional or market risk expert to shape the integrity of our balance sheet and liquidity risk management. In this vital Second Line of Accountability (2LOA) role, you will safeguard the bank’s financial resilience by providing independent validation and robust challenge to our interest rate and liquidity risk models.

We are currently recruiting an analytical, collaborative, and highly expert professional to join our Model Risk & Validation function as a Manager, Model Validation with a specialized focus on IRRBB and Liquidity Risk.

About the Role

Reporting to the Senior Manager, Model Risk & Validation, you will be responsible for executing, improving, and maintaining the Bank’s model validation framework.

In this role, you will serve as the team's Subject Matter Expert (SME) on validations related to Interest Rate Risk in the Banking Book (IRRBB) and Liquidity Risk (including LCR and NSFR metrics).

You will be heavily relied upon for high-profile regulatory reviews, audits, and complex queries from APRA or other departments in the bank. This role uniquely balances highly technical, hands-on quantitative validation with senior stakeholder engagement across Treasury, Finance, and Group Risk.

As a Manager, Model Validation, you’ll make an impact by:

• Leading Specialized Validations: Conducting end-to-end quantitative and qualitative assessments of IRRBB, liquidity risk, capital risk, and other market risk or balance sheet-related models to ensure conceptual soundness and regulatory compliance.
• Providing Regulatory & SME Guidance: Acting as the primary point of contact for complex regulatory reviews (APRA) and audits (internal and external) requiring expert-level interest rate and liquidity risk model analysis.
• Upholding APRA Standards: Ensuring all interest rate and liquidity models adhere to APRA prudential standards, specifically APS 117 (IRRBB) and APS 210 (Liquidity), as well as internal Model Risk policies.
• Delivering Constructive Challenge: Directly collaborating with model owners, developers (including Treasury and Balance Sheet Management), and implementers to deliver clear, actionable validation recommendations.
• Leveraging Advanced Analytics: Writing and executing parallel code, performing outcome analysis, and manipulating data using contemporary tools such as Python, R, SAS, and SQL.

What you’ll bring to the role

To excel in this position, you will have a strong quantitative background, a detailed understanding of financial markets/balance sheet dynamics, and the communication skills to influence senior management on complex modeling topics.

Essential

• Domain Expertise: Strong working knowledge of Interest Rate Risk in the Banking Book (IRRBB) and Liquidity Risk regulations (LCR, NSFR, APS 117, and APS 210).
• Technical & Coding Proficiency: Hands-on experience with quantitative analytical tools and programming/query languages such as R, Python, SAS, or SQL.
• Analytical Foundation: Highly proficient in mathematics and statistics with a strong understanding of model management frameworks, controls, and validation methodologies.
• Influential Communication: Exceptional written and verbal communication skills, with a proven ability to draft high-quality validation reports and present technical findings clearly to senior management and committees.
• Proven Autonomy: Ability to work independently, manage multiple deliverables, and excel in a high-profile, high-pressure regulatory environment.

Highly desirable

• Experience gained in a quantitative 1st Line role (e.g., Treasury, Balance Sheet Trading, Product Control, or Risk Oversight).
• Postgraduate qualifications in a highly quantitative discipline (e.g., Mathematics, Statistics, Econometrics, Actuarial Science, or Finance).

Location & Flexibility

This is a permanent, full-time position. While we have a preference for candidates in Adelaide or Melbourne, we are flexible on location for the right applicant.

We offer hybrid working arrangements, with a minimum local Head Office attendance requirement determined collaboratively with your leader, ensuring you find a rhythm that works best for you and your team.

Internal Applications

Please note, all internal candidates are required to notify their immediate leader when applying for a new career opportunity and you will be asked to acknowledge they have done so upon submission of your application.

For more information, check out the Application Process for Internal Candidatespage.

Why work for us?

Want big impact that matters? Here, you’ll know your work directly benefits the customers and communities we all serve. You’ll also get access to a great range of benefits, including:

• True Flexibility: Whether it’s hybrid work, flexible hours, a compressed work week, or something different, our flexible options put our people first.
• Health & Wellbeing Support: Enjoy discounted gym memberships, private health insurance options, and our comprehensive Employee Assistance Program (EAP) for you and your family.
• Continuous Learning: Elevate your skills and career through our corporate university, 'BEN U', or external training opportunities.

We believe a diverse workforce supported by an inclusive culture is central to our success, and we actively encourage applications from those who bring diversity of thought to our business.

Still in two minds?

Research suggests 60% of women and underrepresented groups might stop here, even after getting as far as drafting an application. We believe that diversity makes every team stronger, so even if you don’t tick every box, we still want to see your application!

We’re making better, bigger. And we’ll get there with you

Now’s the time to set your sights even higher.

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