Manager, Model Risk

3 days ago


Sydney, Australia Westpac Group Full time

**How will I help?**

The Model Risk team is responsible for the independent validation of all models across Westpac Group as well as other model risk management activities.

In this role you will be involved in the independent validation activity covering derivative pricing and risk models across rates, foreign exchange, energy, commodity and equity markets. You will also engage in validating models for XVA, trading book and banking book market risk models. This will include extensive engagement with model owners, developers and other stakeholders to deliver the validation activity to a high quality and in a timely fashion.

The role will entail:

- Ability to manage and take ownership of projects
- Ensure adherence to internal and external policies;
- Present validation outcomes to management, model owners and developers.

**What’s in it for you?**
You’ll play an important and significant part in the future of a business that has been around for 200 years and be instrumental in achieving our purpose of helping Australians succeed. So, we’ll back you in the development of your career, with internal career prospects and flexible working. You’ll also be part of a fantastic team, working in a collaborative and supportive structure.

**What do I need?**

Ideally, you will have:

- At least 6 years’ experience within a financial market quantitative team with a thorough knowledge of financial markets and an understanding of the associated accounting and regulatory expectations. Knowledge of IRRBB models is a plus.
- An excellent tertiary qualification in actuarial, mathematics, econometrics or other related quantitative discipline. A focus on financial mathematics is a plus.
- Excellent written and inter-personal communication skills, particularly the ability to explain complicated issues in an efficient and effective manner. You should have demonstrated an ability to communicate with influence.
- Excellent time management skills, with the ability to work to tight deadlines and deal with changing priorities.
- A dedication to continual improvement and knowledge sharing.
- Delivering or validating financial market models from start to finish. Experience in rates and foreign exchange products is preferred.
- Programming fluency (e.g., C/C++/C#, R, Python or equivalent).
- Advanced knowledge of Microsoft Word and Excel as well as VBA.
- Experience using front office and risk systems like Murex, Calypso, QRM and FIS.

**What’s it like to work there?**

As well as good pay and a great culture, joining the Westpac family means you’ll get some of the best banking, wealth and insurance benefits in the market. We back our employees by helping them work towards industry-recognised qualifications, using online learning, training modules and career planning tools for you to grow with us. We’ll even pay you to do volunteer or community work. As an equal opportunity employer, we’re proud to have created a culture and work environment that values diversity and flexibility - and champions inclusion

**How do I Apply?


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