Overview
We’re looking for a Manager, Model Risk to join our team in a newly created role. Model Risk is responsible for independently validating models across Westpac Group and supporting second line of defence activities.
Responsibilities
- Lead validation projects for retail and non-retail credit risk models including IRB, scorecards, provisioning, stress testing, and economic capital and play a key role in upcoming Basel III changes.
- Present validation outcomes to model owners, committees, and senior stakeholders, while contributing to process improvements and coaching junior team members.
- Take ownership of validation projects, manage internal stakeholders, and help strengthen our model risk infrastructure.
- Lead validation projects and drive improvements across Westpac Group with a focus on quality and risk mitigation.
Role details
This is a full-time 12-month fixed term role based in Sydney with flexible hybrid working arrangements available.
What do I need? Qualifications
- Experience in credit risk modelling or model validation, including IRB, provisioning, and scorecards; familiarity with stress testing and economic capital is a plus
- Strong academic background in actuarial, statistics, econometrics, or a related quantitative discipline
- Ability to clearly communicate complex concepts and influence stakeholders across all levels
- Advanced skills in SAS, R, SQL, Excel, and Word; familiarity with Python, Git, Jupyter, or Spark is an advantage
- Proven ability to lead validation projects, coach others, and contribute to process improvements
- A proactive mindset with strong delivery focus and relationship-building skills
Why join us?
- We’re obsessed with becoming our customers #1 banking partner for life and we’re looking for people who are passionate about helping us achieve that goal. In return we’re committed to making Westpac the best place to work in the country.
- Special offers on banking products and discounts from top brands, including generous employee-only mortgage rates.
- Flexible work arrangements to help you achieve a greater work/life balance, and a variety of leave options including Culture, Lifestyle and Wellbeing leave.
- Tailored learning and development opportunities to help your grow your career within the bank.
- Opportunities to contribute to community via volunteering initiatives.
Apply and inclusion: Create your future today. To get started, click on the APPLY or APPLY NOW button. We’re committed to a supportive and inclusive community. We welcome everyone – regardless of age, gender, background, or abilities. We also provide additional support to welcome veterans, Indigenous Australians and the neurodiverse community.
If you need any adjustments during the recruitment process, you can find more information and contact details by visiting the People with Disability and/or needing Accessibility Requirements page on our website.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Finance and Sales
- Industries: Banking, Financial Services, and Investment Banking
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