FDM is a global business and technology consultancy seeking a Junior Model Risk Analyst to work for our client within the Banking sector. This is initially a 6 month contract with very good prospects to extend and will be a hybrid role that will be based in London. Our client is seeking highly motivated early‑career professionals to join the Model Risk Management team within a top FDM Client – a major Australian bank. This team plays a critical role in safeguarding the bank through independent oversight, validation, and governance of the models that drive key financial, risk, and regulatory decisions.
This is an excellent opportunity for candidates with strong quantitative capability, analytical thinking, and an interest in financial markets, modelling, and emerging technologies such as AI. As a Junior Model Risk Analyst, you will support the review, validation, and ongoing monitoring of a wide range of risk models used across the bank- including credit risk, market risk, valuation, pricing, and AI/ML‑based applications.
You will work closely with senior analysts to ensure models meet regulatory expectations, internal standards, and industry best practice. The work is varied, intellectually challenging, and central to the bank’s risk and compliance framework.
Responsibilities:
- Supporting independent validation of quantitative models (credit, market, pricing, valuation, forecasting, AI/ML models)
- Assisting with model documentation, testing, and performance monitoring
- Contributing to regulatory compliance activities and model governance processes
- Analysing model inputs, assumptions, and outputs to identify risks and control gaps
- Supporting uplift projects across model risk, compliance, and efficiency initiatives