Suncorp Group Hiring for Quantitative Analyst Job at Brisbane Full Time

Welcome to a place where you can chase real progress and drive real change, and that includes your own career. Being a part of the Suncorp Group means being switched on, endlessly curious and always adaptable. In return, you’ll be supported to bring your own ideas to the table and challenge conventions – with the aim of making life a little brighter, simpler, and better for our customers and each other.

The Role

Suncorp Group’s Risk Models team performs an important role within the Bank Capital and Risk Model team, specifically ensuring that from a first line of defence perspective, we have developed, maintained and applied sound models, including expected credit loss, stress testing, economic capital, risk-based-capital (including market and credit risk types), and operational risk models.

As part of this team, the Quantitative Analyst will contribute to planning, modelling and implementation of new or enhanced models. Model development will be performed with a strong focus on understanding the business drivers for risk, integrity of modelling processes and outcomes, and focus on the end-use and -users of the model. All modelling to be performed within model governance, which includes a high standard of documentation.

What you’ll do

• Contribute to the build, validation, documentation, implementation of the banking models (expected credit loss, stress testing, economic capital, risk based capital, operational risk)
• Conduct detailed analytical work with a high level of accuracy in order to deliver high level results to senior management
• Define and specify key data requirements to support modelling approaches
• Document model technical detail, modelling choices made, and model methodology considerations
• Assist the Bank meet capital management requirements by ensuring that the existing models are designed, documented, controlled, used, and meet APRA and internal model validation requirements
• Engage with the Business Owners of models, and Group Risk and Capital representatives to ensure that the model outputs are understood and meet their requirements
• Working with risk model development leadership to proactively engage with stakeholders to understand business context, add value, propose solutions, project manage pieces of work through to completion and balance prioritisation effectively between across a wide stakeholder group. Ensure time spent matches the importance of the work and manage situations / competing priorities so that the most beneficial program of work is achieved
• Working with the leaders of the Capital Strategy & Risk Models team to ensure models are effectively embedded into operational activities, the program of work for the department is documented and resourcing or delivery issues are well managed
• Prepare analysis papers and ensure that high quality analytical papers are written and delivered to appropriate senior management and committees
• Identifying inefficiencies and proposing operational process improvements to enable better outcomes
• Add value to deliverables with excellent problem solving, idea generation and strategic thinking. Work closely with the wider team, Banking, Group and other stakeholders

What you’ll bring

• Degree in Actuarial, Finance, Economics, Statistics / Mathematics, or Risk – mandatory
• Post graduate finance, economics or accounting qualifications requirement – desired
• Experience in a quantitative risk function
• Experience in managing projects and programs of work
• Background in Model Implementation to make the person credible when discussing system and process considerations
• Background in banking sufficient to make the person credible when discussing banking issues
• Proficiency in statistical software such as SAS, R, Python, Matlab or similar
• Technical experience with risk and capital estimates (Credit Risk, IRRBB, Operational Risk, Regulatory Capital, Economic Capital)
• Ability to convey complex data in a concise understandable manner and distil the key messages

What we can offer you

• Excellent discounts on a range of retail favourite stores as well as banking and insurance products
• A range of flexible working and leave options, including 16 weeks paid parental leave and unlimited paid emergency response leave
• Invest in your brighter future with ongoing study support and career development programs
• Give back to our communities with payroll giving, donation matching and paid volunteer leave
• Prioritise your work/life balance with our robust employee assistance program and dedicated employee council

Employee benefits | Suncorp Group

About Suncorp Group

We’re proud to be a part of the Suncorp Group family alongside some of Australia’s most trusted and diverse names in insurance. Together, we share a drive to make the complex simple and bring our customers peace of mind when it matters most – while helping to evolve and innovate the ways we can serve our community every day. That comes with all kinds of exciting opportunities for you to grow your own career. Whether you’re guiding people through life’s biggest moments or providing them with support in times they need it most, you’ll be driven forward by our shared customer obsession and supported at every step of the journey.

At Suncorp we build inclusion by providing an environment where everyone is able to be themselves and feel valued, involved and respected for their perspectives and contribution.

The health and safety of our people, customers and communities is our number one priority. This means that we require all of our new employees to be fully vaccinated against COVID-19. Please speak to us if you have any questions about this based on your individual circumstances.

Advertised: 04 Apr 2022 AUS Eastern Standard Time
Applications close: 22 Apr 2022 AUS Eastern Standard Time