Analyst | Credit Risk

Role overview

This is a newly created analyst position within Deloitte's Credit Risk and Quantitative Modelling team in Melbourne. The team supports banks and non-bank lenders with credit risk model development, validation, monitoring, and work connected to regulatory and accounting changes. The role is designed for someone who has already begun building a career in credit risk or quantitative modelling and wants broader exposure, technical growth, and hands-on client work.

You will join a people-focused consulting environment where learning, coaching, and collaboration are central. The role offers variety across multiple financial institutions and the chance to work with experienced modellers and senior colleagues as the team expands.

What you'll do

You will contribute to live client engagements from the start, supporting real modelling and analysis work rather than observing from the sidelines. Typical work may include model development, validation, documentation, research, and client-facing communication.

• Help build, review, or validate credit risk models for PD, LGD, and EAD under IFRS 9 or regulatory capital frameworks.
• Perform data analysis and prepare model documentation for client deliverables.
• Support stress testing assignments, including newer areas such as climate-related credit modelling.
• Review regulatory and accounting updates and assess how they may affect client models.
• Write and use code in SAS, SQL, R, Python, or similar tools to assist with model development and validation tests.
• Work alongside senior team members across several projects while learning how to manage client expectations and deliverables.
• Share analysis and findings with the wider team and, as you grow, present directly to clients.

What we're looking for

We're looking for a numerically strong, curious professional who is eager to learn and apply analytical skills to real problems in financial services. You do not need to have everything mastered already, but you should be proactive, thoughtful, and willing to take ownership of your work.

• A degree in statistics, actuarial science, engineering, mathematics, or another quantitative field; postgraduate study is preferred.
• About 1 to 2 years of experience in credit risk, quantitative modelling, or a related analytical role in a consulting firm, bank, or financial institution.
• Some exposure to credit risk models such as PD, LGD, or EAD, whether through work, university projects, or internships.
• A basic understanding of the regulatory and IFRS environment relevant to financial services, or a clear willingness to build that knowledge.
• Interest in stress testing, climate risk modelling, or other emerging areas in credit risk.
• Working knowledge of one or more tools such as SAS, SQL, VBA, R, Python, or C++.
• Strong analytical ability, problem-solving skills, and attention to detail.
• Clear written and verbal communication skills, including the ability to explain technical ideas simply.
• A collaborative, team-oriented approach with openness to feedback.
• Interest in machine learning, NLP, or AI is a plus, though not required at this level.

Culture and benefits

Deloitte emphasizes meaningful work, continuous learning, innovation, and a supportive coaching culture. The organization values diversity, equity, and inclusion, and aims to create a workplace where different perspectives are respected and everyone can belong.

• Flexible ways of working that balance client needs, teamwork, and personal priorities.
• Mentoring programs with support and coaching to help advance your career.
• Recognition culture with milestone celebrations and discounts at hundreds of retailers.
• Retail discounts, wellbeing leave, paid volunteering days, flexible working options, market-leading parental leave, and return-to-work support.

Additional information

Job requisition ID: 40476.

The role includes in-person collaboration with teams and clients, with flexibility to support work-life balance. Applicants will be assessed against Deloitte Talent Standards. The selected candidate will also be subject to background screening by Deloitte or an external third-party provider.

This position is based in Melbourne, Victoria, Australia.