Executive Manager, Credit Models Validation

1 week ago


Sydney, Australia Westpac Group Full time

**What’s the role?**

This is an exciting opportunity to lead the independent validation team that provides oversight, insight and control in relation to credit risk and provisioning models in Westpac.

You will also assist in the design and operating effectiveness of the Group Model Risk Policy and Standard, owned by the Head of Model Risk.

**Some of your key responsibilities will include**:

- Manage the team responsible for independently validating credit risk and provisioning models, including, for example: retail and non-retail IRB models, IFRS-9, credit scorecards and stress testing.
- Ensure all independent validation is delivered to a high quality and in a timely manner, in line with the Group Model Risk Policy and Standard, and Business driven timeframes.
- Assist in the design and operating effectiveness of model risk policy and standard owned by the Head of Model Risk.
- Implement processes to effectively assist model owners, developers and users in meeting requirements of the Model Risk policy, including requirements in relation to the Group Model Register.
- Ensure all validation outcomes are effectively communicated to model owners, the approver and external regulatory and prudential teams.
- Establish healthy working relationships with model owners and developers, prudential or other regulatory standard owners, Finance, Credit Risk, Operational Risk, Compliance, internal and external Audit teams.
- Lead Model Risk contribution and engagement in Risk Committees and regulatory interactions for credit models in the Westpac Group.Lead, coach and support a team of analysts with a clear focus on building a strong voice of Model Risk for Credit models. Manage continuous improvement, including automation in relation to validation workflows.

**What do I need?**
- Excellent tertiary qualifications in a finance, mathematics, engineering or technology discipline.
- Demonstrable experience in credit risk modelling (IRB, IFRS9, stress testing).
- Clear understanding of model risk management concepts and validation approaches applied to credit models.
- Demonstrable experience in leading quantitative teams (10+ team members).
- Excellent verbal and written communication, ability to adapt communication to the audience.
- Deep understanding of regulatory requirements, particularly in relation to credit risk capital and provisioning.
- 15+ years’ experience in finance and/or risk including managing a broad scope of responsibilities with an execution and continuous improvement focus.

**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**

To get started, simply click on the APPLY or APPLY NOW button

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.



  • Sydney, Australia Commonwealth Bank Full time

    **You are**passionate, motivated and display a positive attitude - **We are**a values-driven and a high performing team - **Together we can**deliver an exemplary experience for our stakeholders and the Group **Do work that matters** Risk Management is responsible for developing and deploying the risk frameworks to allow the Group to take conscious...


  • Sydney, Australia Carecone Full time

    **Role Overview**: We are seeking a strong credit rating/PPNR/CCAR models professional with experience in monitoring, validation, implementation and maintenance of credit risk models for use throughout the retail portfolios of bank. **Key Responsibilities**: **Core Skills**: - Knowledge and hands on experience with programming in python/R/SAS - Prior...


  • Sydney, Australia PERSOLKELLY Full time

    PERSOLKELLY is looking for - Regulatory Model Monitoring/Validation for one of our leading IT Client About you: To be successful in this role you should have: - Minimum 4+ years of experience in executing end to end monitoring/validation/development of credit rating/Basel 3/Ifrs 9 or PD/LGD/EAD models - Strong understanding of credit risk and MRM regulatory...


  • Sydney, Australia Westpac Group Full time

    **Challenge and validate credit risk models across retail and non-retail portfolios, driving smarter risk decisions.**: - **Use your expertise in SAS, R, Python, SQL, and Excel to deliver actionable insights and ensure regulatory compliance.**: - **Collaborate with stakeholders and shape strategy, leveraging your modelling and communication skills to...


  • Sydney, New South Wales, Australia Macquarie Group Full time

    Join to apply for the Credit Risk Modelling Manager role at Macquarie Group Join our cross-functional, Banking and Financial Services Treasury team in Sydney, responsible for Funding, Liquidity, Interest Rate Risk Management, Capital, Provisioning, and Risk Modelling. At Macquarie, we bring together diverse people to shape possibilities. We are a...


  • Sydney, New South Wales, Australia Macquarie Group Full time

    Join to apply for the Credit Risk Modelling Manager role at Macquarie GroupJoin our cross-functional, Banking and Financial Services Treasury team in Sydney, responsible for Funding, Liquidity, Interest Rate Risk Management, Capital, Provisioning, and Risk Modelling.At Macquarie, we bring together diverse people to shape possibilities. We are a global...


  • Sydney, New South Wales, Australia Macquarie Bank Limited Full time

    Join our cross-functional, Banking and Financial Services Treasury team in Sydney and be responsible for Funding, Liquidity, Interest Rate Risk Management, Capital, Provisioning and Risk Modelling for the division.At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities.We are a global financial...


  • Sydney, New South Wales, Australia Macquarie Bank Limited Full time

    Join our cross-functional, Banking and Financial Services Treasury team in Sydney and be responsible for Funding, Liquidity, Interest Rate Risk Management, Capital, Provisioning and Risk Modelling for the division.At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial...


  • Sydney, Australia Westpac Group Full time

    Critical role providing insight, oversight and control in relation to retail and non-retail credit risk models - 12 month opportunity - Hybrid working model, minimum 50% days per week in office **How will I help?** - As a Credit Risk Model Validation Manager, you will work in an independent validation team with an enterprise-wide impact. This role sits...


  • Sydney, New South Wales, Australia beBeeRiskAnalyst Full time $150,000 - $250,000

    As a seasoned expert in credit risk modelling, you will be responsible for developing and executing advanced models across our product suite.Key ResponsibilitiesDesign and implement innovative capital and provisioning models that meet business objectives.Closely monitor model performance and collaborate with the validation team to ensure accuracy and...