Associate Director - Model and AI Risk Audit

About the role

Macquarie's global Model, Data and AI Internal Audit team provides independent assurance on AI, model and data risks across the group. As Associate Director of the Model and AI Risk audit team, you will lead the audit covering credit risk, market risk, treasury, machine learning, Gen AI and agentic AI models, setting strategic direction for the audit coverage and building the team's capabilities.

Key responsibilities

• Set strategic direction for audit coverage of model and AI risks and develop the enablers the team needs to succeed.
• Keep the team informed of industry insights and bring expertise together to cover technology, operational, data and model risks of traditional and AI models.
• Support the team in forming independent risk opinions and challenging senior stakeholders across the first and second lines of defence.
• Prepare audit reports for senior management and the Board Audit Committee.
• Influence the implementation of Macquarie's risk management framework across model and AI risk domains.

Required profile

• Proactive mindset toward innovation, with experience using AI-enabled tools to improve audit efficiency, quality and insightfulness, applying appropriate judgement, governance and risk awareness.
• Proven leadership capability, including guidance, training and direction on risk-based model and AI risk audits.
• Strong understanding of modern AI architectures, platforms and governance controls across the end-to-end AI development and operation lifecycle.
• Familiarity with the global regulatory environment, including SS1/23, the EU AI Act and other model risk, data privacy and AI-related guidance.

Required skills

• Hands-on model development and performance monitoring experience across traditional and AI models.
• Ability to assess and re-perform model testing such as back-testing, benchmarking, boundary testing and red-teaming, using metrics for accuracy, recall, bias and drift.

What we offer

• Wellbeing leave day per year, up to 5 additional service bonus leave days, and up to 20 weeks' paid parental leave.
• Paid volunteer leave and donation matching, and up to 12 months' gender affirmation leave.
• Employee Assistance Program and wellbeing benefits, salary packaging options and learning and development opportunities.
• Hybrid and flexible working arrangements, dependent on role, and reimbursement for work from home equipment.