Organization:
At CommBank, we never lose sight of the role we play in other people’s financial wellbeing. Our focus is to help people and businesses move forward to progress. To make the right financial decisions and achieve their dreams, targets, and aspirations. Regardless of where you work within our organisation, your initiative, talent, ideas, and energy all contribute to the impact that we can make with our work. Together we can achieve great things.
Job Title: Senior Associate Data Scientist, Credit Model Validation
Location: Bangalore
Business & Team:
Model Risk & Validation team plays a critical role in safeguarding the integrity of data-driven decisions across the Group. We provide second-line assurance through rigorous oversight and challenge, ensuring every model meets internal and regulatory standards. Join us and be part of a team that’s shaping the future of risk, technology, and AI across the bank.
At CBA, our Model Risk & Validation team plays a critical role in safeguarding the integrity of data-driven decisions across the Group.
Impact & contribution:
As a key member of our Model Risk & Validation team, you’ll drive robust validation processes, deploy cutting-edge analytics tools, and embed robust risk management practices across our model ecosystem. You’ll work with a high-performing quantitative team, collaborating to uphold the integrity of our model risk framework while influencing the Group’s broader AI and transformation strategies
Roles & Responsibilities:
Credit Model Validation – Perform validation activities assessing data quality, modelling methodologies, model performance and regulatory compliance across the model lifecycle for IRB, IFRS9 and Stress Testing models (including new models and ongoing post-implementation fit-for-purpose reviews).
Stakeholder Engagement – Engage proactively with stakeholders including internal audiences and forums comprising model developers, owners and monitors to communicate findings, risks, and recommendations.
Strategic Transformation & Continuous Improvement – Contribute to strategic transformation and continuous improvement in the validation function, streamlining workflows, uplifting validation methodologies, and enhancing the quality, consistency and efficiency of validation outcomes.
Essential Skills:
2-4 years of credit risk model validation or development experience on IRB, IFRS9 and stress testing models
Demonstrated experience in end-to-end delivery of projects; and sound communication and time management skills.
Tertiary qualifications, with above average academic achievements, in a quantitative discipline such as mathematics, statistics and econometrics.
Programming skills in SAS, R, Python and SQL.
Experience with the Basel regulatory standards regarding credit risk is essential
Experience with and relevant APRA regulations on IRB, IFRS9 and stress testing is advantageous
Expertise in using Jupyter notebooks or R-markdown, GitHub is a definite advantage
Working knowledge of copilot, GPT, Claude etc. is a necessity
Demonstrated skills in written and verbal communication, including ability to interpret and report complex material and make sound recommendations to a range of stakeholders
Education Qualification: Bachelor’s degree or master’s degree in engineering in Computer Science/Information Technology.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
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Skills Required
- 3-6 years of credit risk model validation or development experience.
- End-to-end project delivery experience; strong communication and time management skills.
- Tertiary qualification with above average academic achievements in a quantitative discipline (mathematics, statistics, econometrics) or Bachelor's/Master's in Computer Science/IT.
- Programming skills in SAS, R, Python and SQL.
- Experience with Basel regulatory standards regarding credit risk.
- Experience with APRA regulations on IRB, IFRS9 and stress testing.
- Experience using Jupyter notebooks or R-markdown and familiarity with GitHub.
- Working knowledge of Copilot, GPT, Claude and similar generative AI tools.
- Demonstrated written and verbal communication skills; ability to interpret and report complex material and make recommendations.
Commonwealth Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Commonwealth Bank and has not been reviewed or approved by Commonwealth Bank.
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Leave & Time Off Breadth — The bank offers additional Life Leave, the option to purchase up to four extra weeks, pet leave, and paid volunteering leave alongside flexible-working options. Public materials indicate these leave features compare well within Australian banking.
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Parental & Family Support — Permanent employees can access up to 18 weeks of paid parental leave, and superannuation is paid for up to 34 weeks of unpaid parental leave. These provisions extend support for new parents beyond standard settings.
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Wellbeing & Lifestyle Benefits — Access includes CBHS Health Fund, Fitness Passport, a 24/7 wellbeing platform with telehealth, an Employee Assistance Program, and employer‑paid income protection for up to two years, alongside staff banking perks and share plans. This combination provides day‑to‑day value across health, protection, and financial perks.
Commonwealth Bank Insights
What We Do
Australia’s leading provider of financial services including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services. We are a business with more than 800,000 shareholders and over 52,000 employees. We offer a full range of financial services to help all Australians build and manage their finances.
