Credit Risk Model Validation Professional

2 days ago

Sydney, New South Wales, Australia Westpac Group Full time
About Us

Westpac Group is a leading financial institution committed to creating better futures for our customers, communities, and people.

Salary Range:

A competitive salary of AU$120,000 - AU$150,000 per annum, depending on experience, plus superannuation.

Job Description:

We are seeking an experienced Credit Risk Model Validation Manager to join our team in Sydney, Melbourne or Adelaide. As a key member of our Model Risk team, you will provide oversight, insight and control to retail and non-retail credit risk models.

Main Responsibilities:
  • Validate retail and non-retail credit risk models, including A-IRB (PD/EAD/LGD), scorecards, provisioning and stress testing.
  • Work closely with stakeholders to understand model requirements and ensure they meet internal policy and regulatory requirements.
  • Develop and maintain clear, concise and insightful reports to communicate results to key stakeholders.
Required Skills and Qualifications:

You will have relevant experience in a similar role and be an experienced mathematical, statistical modeller with a proven background in retail and/or non-retail credit risk modelling or model validation. Tertiary qualifications in actuarial, mathematics, statistics, econometrics or other related quantitative discipline will help you succeed.

You will be a great problem-solver, with a proven ability to deliver the best possible results for the organisation, showing determination, resourcefulness, and a sense of purpose in achieving this as well as have advanced knowledge of SAS, R, Python, SQL, and Excel in data analytics, modelling and visualisation.

Benefits:

As a Westpac Group employee, you will enjoy a range of benefits, including flexible working arrangements, professional development opportunities, and access to a comprehensive employee assistance program.

What We Offer:

We offer a supportive culture and environment that values diversity and flexibility – and champions inclusion. If you're interested in discussing workplace flexibility, please feel free to mention it in your application.

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