This is a Senior Analyst, Model Risk Management role with ASX based in Sydney, NSW, AU ASX Role Seniority - senior More about the Senior Analyst, Model Risk Management role at ASX ASX: Powering Australia's financial markets Why join the ASX? 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. Want to know why we are a great place to work, click on the link to learn more. www.asx.com.au/about/careers/a-great-place-to-work We are more than a securities exchange! 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 of the diversity of our organisation and the culture of inclusion that all our people help to build every day. Our employee-led groups are known for celebrating cultural and religious events, championing LGBTIQ inclusion (recently achieving AWEI Bronze), inspiring giving and volunteering, promoting gender equality, and wellbeing. We are an Employer of Choice for Gender Equality (WGEA) and a member of the Champions of Change Coalition for the advancement of gender equality in Australia. 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. Before we jump into the responsibilities of the role. No matter what you come in knowing, you’ll be learning new things all the time and the ASX team will be there to support your growth. Please consider applying even if you don't meet 100% of what’s outlined Key Responsibilities Managing model risk Maintaining ASX Registers Developing benchmark models Key Strengths Analytical skills Risk management knowledge ✅ Model validation experience Knowledge of ASX Derivatives products Programming experience ️ Experience with SQL and tools A Final Note: This is a role with ASX not with Hatch.
