Job Description
Lead validation of high-impact credit risk models and contribute to major changes across Westpac GroupPresent to senior stakeholders and committees while driving process improvements and mentoring junior team members12-month fixed term role with versatile working arrangements in a newly created role with exposure to Basel III and strategic modelling initiatives
What’s the role?
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. You’ll 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 changes, including those introduced by Basel III.
You’ll present validation outcomes to model owners, committees, and senior stakeholders, while also contributing to process improvements and coaching junior team members.
You’ll take ownership of validation projects, manage internal stakeholders, and help strengthen our model risk infrastructure.
This is a fulltime 12-month fixed term role based in Sydney with flexible hybrid working arrangements available.
What do I need?
We’re looking for someone who brings:
Experience in credit risk modelling or model validation, including IRB, provisioning, and scorecards; familiarity with stress testing and economic capital is a plusStrong academic background in actuarial, statistics, econometrics, or a related quantitative disciplineAbility to clearly communicate complex concepts and influence stakeholders across all levelsAdvanced skills in SAS, R, SQL, Excel, and Word; familiarity with Python, Git, Jupyter, or Spark is an advantageProven ability to lead validation projects, coach others, and contribute to process improvementsA 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. Here are just a few of the ways we’re already doing that:
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.Lots of opportunities to ‘give back’ to the Community by getting involved in our many volunteering initiatives
Create your future today
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We’re all about creating a supportive and inclusive community. We welcome everyone – no matter your age, gender, background, or abilities. We also provide additional support to welcome our veterans, Indigenous Australians and neurodiverse community.
If you need any adjustments during the recruitment process, you can find out more information and additional contact details by visiting the "People with Disability and/or needing Accessibility Requirements" page on our website .
📌 Manager, Model Risk
🏢 Westpac Group
📍 Sydney