- Model how credit portfolios respond under stress
- Apply advanced statistics to real-world risk challenges
- Turn complex modelling into meaningful risk insights
See Yourself in Our Team
The Model Development Chapter Area sits within Risk Management and is responsible for developing credit risk models and advanced analytics across the Group. You’ll join a collaborative modelling environment, working with colleagues across model development, independent model validation, business unit risk, Finance and Enterprise Services.
Your work will span retail and non-retail credit exposures, giving you the opportunity to tackle complex modelling challenges across different portfolio types and understand how changing economic conditions can affect their risk profiles.
Your Impact and Contribution
How might changing economic conditions affect the credit quality of a portfolio? Where are its vulnerabilities, and how could losses evolve under different scenarios? As a Senior Data Scientist – Stress Testing Models, you’ll use advanced quantitative modelling and analytics to help answer these questions across CommBank’s retail and non-retail portfolios. Your work will support enterprise stress testing and planning, while providing meaningful insight into the drivers of portfolio risk, resilience and potential credit losses.
This is an opportunity to combine deep quantitative thinking with real-world application, using data, statistical techniques and emerging AI tools to solve complex modelling problems and help inform important risk and business decisions. In this role, you will:
- Lead the development and enhancement of credit risk stress-testing models used across the Group.
- Build statistical models and conduct advanced analysis using techniques such as predictive modelling, non-linear regression, time-series analysis, panel-data methods and macroeconomic modelling.
- Translate macroeconomic and portfolio scenarios into credit risk impacts, including changes in Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) and expected credit loss.
- Analyse model behaviour, sensitivities, limitations and key risk drivers to understand what stress-testing results mean for portfolio resilience and risk decisions.
- Work with large, complex and sometimes imperfect datasets, applying sound judgement to identify practical and well-governed approaches to data challenges.
- Use R, Python and SQL, alongside tools and platforms including Teradata and AWS, to prepare, transform and analyse data for modelling.
- Clearly articulate modelling methodologies, assumptions, limitations and conclusions so your work can be understood, challenged and independently validated.
- Partner with model users, independent model validation, business unit risk teams, Finance and Enterprise Services throughout the modelling lifecycle.
- Provide technical guidance and constructive review to other analysts, contributing to strong modelling standards and reusable analytical practices.
- Explore responsible applications of AI to enhance analysis, model development, documentation, learning and productivity, while maintaining accountability for final outcomes.
What You’ll Bring
You’re a naturally curious quantitative thinker who enjoys getting beneath the numbers. You can take an ambiguous modelling problem, work through complex or imperfect data, test different approaches and reach a well-reasoned conclusion. Just as importantly, you can explain what your analysis means and why it matters, whether you’re speaking with another modeller or a non-technical stakeholder. You’ll bring a combination of:
- Strong experience in quantitative statistical modelling, data science, econometrics or credit risk analytics, with the ability to independently solve complex modelling and data problems.
- Strong knowledge of statistical, econometric or predictive modelling techniques, which may include logistic and non-linear regression, time-series analysis, panel modelling, macroeconomic modelling and machine learning.
- Hands-on capability in R and/or Python, together with SQL and experience working with large and complex datasets.
- Experience in credit risk modelling, including PD, LGD or EAD models, stress testing, IFRS 9 or IRB, will be highly regarded.
- The ability to structure ambiguous problems, challenge assumptions and exercise sound judgement when the data or answer isn’t straightforward.
- Strong written and verbal communication skills, including the ability to explain methodology, conclusions, caveats and the “so what” behind your analysis.
- Experience leading pieces of analytical work, influencing stakeholders and providing guidance or constructive review to less experienced colleagues.
- Curiosity about how AI can be used responsibly to improve modelling, analysis, documentation and ways of working.
- Tertiary qualifications in a quantitative discipline such as Mathematics, Statistics, Econometrics, Engineering or Data Science.
What’s In It for You
This is an opportunity to deepen your technical capability in an area of data science where modelling has a clear connection to significant business, risk and regulatory decisions. You’ll work on forward-looking stress-testing models, exploring how economic conditions and portfolio characteristics interact to influence credit risk. That means going beyond producing a model or metric to understanding the relationships driving the result and translating them into practical insights. You’ll also gain exposure across the modelling lifecycle, working with credit risk specialists, Finance, model validation and business stakeholders to see how quantitative analysis is applied in strategic planning, portfolio management and risk decision-making.
You’ll be encouraged to keep developing your craft, explore emerging analytical and AI capabilities, share your expertise with others and contribute to how modelling practices evolve across the team.
Working With Us
At CommBank, we're committed to creating an accessible, inclusive and respectful workplace. If you require support or adjustments, please let us know. We welcome applications from people of all backgrounds and we're particularly committed to making a positive difference for Aboriginal and/or Torres Strait Islander Peoples. For support please contact 1800 989 696.
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
- Strong experience in quantitative statistical modeling, data science, econometrics, or credit risk analytics
- Strong knowledge of statistical, econometric, or predictive modeling techniques, including regression, time-series analysis, panel modeling, macroeconomic modeling, or machine learning
- Hands-on capability in R and/or Python
- Experience with SQL and large, complex datasets
- Experience in credit risk modeling, including PD, LGD, EAD, stress testing, IFRS 9, or IRB
- Ability to structure ambiguous problems, challenge assumptions, and exercise sound judgment
- Strong written and verbal communication skills, including explaining methodologies, conclusions, caveats, and implications
- Experience leading analytical work, influencing stakeholders, and guiding or reviewing less experienced colleagues
- Curiosity about responsible applications of AI in modeling, analysis, documentation, and productivity
- Tertiary qualification in Mathematics, Statistics, Econometrics, Engineering, Data Science, or another quantitative discipline
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.
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