• Newly created positions to join NAB’s Internal Audit’s Models Centre of Excellence
• Opportunity for market risk professionals to apply their expertise in an independent assurance role, working across key market risk models
• Markets-focused risk leader with strong product, market risk, and model risk expertise, able to translate complex risk exposures into clear commercial insight and real business impact.

Our people are customer obsessed. They prioritise the needs and satisfaction of the customer above all else.  Our mindset fosters innovation and creates strong, lasting customer relationships as we strive to be the most customer centric company in Australia and New Zealand. 

In the role of Audit Manager, you will join Internal Audit’s Models Centre of Excellence to win together through leading practice model risk capability.

Each day you will go above and beyond to:

• Build strong relationships with internal stakeholders and industry peers to stay across emerging model risk trends and best practice.
• Provide independent assurance across the model lifecycle.
• Lead planning, risk assessment, testing, and reporting for model risk audits.
• Evaluate quantitative models end to end to assess assumptions, data, methods, governance, and compliance, identifying control gaps and emerging risks and recommending improvements.
• Bring early visibility to existing and emerging model risk issues and strengthens assurance for Audit Executives, Senior Management and the Board.

What you’ll bring

• Knowledge of the end-to-end model lifecycle (in at least one modelling discipline*), including development, validation implementation, use, and ongoing performance monitoring.
• Ability to objectively challenge models in context of their intended use, identifying model risk, control gaps and limitations; assessing the materiality of issues and prioritising actions.
• Recognised specialise in market risk with advanced knowledge of methodologies, including VaR, Expected Shortfall, stress testing, Monte Carlo or historical simulation, sensitivities/Greeks, backtesting, and P&L attribution, with the ability to translate model outputs into actionable risk and business insights.
• Deep understanding of how movements in interest rates, FX, liquidity, credit spreads, and market volatility impact trading, treasury, balance sheet, and business performance.
• Strong commercial judgement with the ability to challenge risk outcomes, interpret market and model risk in real business scenarios, and partner with stakeholders to support informed risk-taking and strategic decision-making.
• Relevant bachelor’s degree in mathematics, statistics, econometrics, data science, or a related discipline.
• Proficiency in at least one programming language (e.g., SQL, Python, R, SAS).

We respectfully ask candidates to hold any questions for the phone interview, where we’ll discuss the role in detail and answer any questions. This helps to ensure a focussed, efficient and fair application process. The talent acquisition team looks forward to addressing all inquiries at that time if your application progresses. 

A diverse and inclusive workplace works better for everyone 

We know that our people make us who we are. That's why we have built a culture of equity and respect – where everyone feels valued and appreciated for being their authentic selves. In partnership with our multiple Employee Resource Groups (ERGs) we continue to foster an inclusive environment, where all NAB colleagues’ unique backgrounds and identities are understood, respected and celebrated. 

We are committed to providing an environment where you can work your way.  

For details on the recruitment process, and accessibility, please visit https://www.nab.com.au/about-us/careers/apply-for-job.  To discuss adjustment requirements, please contact the NAB Careers team, via nab.careers@nab.com.au (please reference job number) or visit our Careers page through the link above for other contact options. 

Join NAB 

If you think this role is the right fit for you, we would love to hear from you. Please note candidate screening and interviews may be conducted prior to the closing date of the job advert. Unsolicited CVs from agencies will not be accepted.