Senior Manager Markets Model Risk

3 days ago

Sydney, New South Wales, Australia Westpac Group Full time $180,000 - $250,000 per year
  • Lead model validation and governance across Westpac's Financial Markets and Treasury portfolios
  • Work with award-winning teams on high-impact projects and strategic initiatives
  • Sydney-based preferred, with flexibility to consider candidates in Brisbane or Melbourne

What's the role?

Join Westpac's award-winning Model Risk team, responsible for independent validation and oversight of models across the Group. As a Senior Manager, you'll lead the assessment of derivative valuation, risk, and capital models across Trading and Banking Books including IRRBB, Rates, FX, and Commodities.

You'll contribute to critical projects, guide junior team members, and engage with senior stakeholders to deliver high-quality insights and governance.

This is a permanent, full-time role based in Sydney (preferred), though we are open to candidates located in Brisbane or Melbourne, with flexible working arrangements available.

What do I need?

To be successful in this role, you'll bring:

  • Extensive experience (7+ years) in financial markets quantitative roles
  • Deep knowledge of IRRBB and derivative risk models (linear and non-linear)
  • Strong understanding of regulatory standards (APS111, APS116, APS117, CPS226, APS180)
  • Excellent communication skills with the ability to influence and explain complex concepts
  • Programming fluency in C++, R or similar, with experience in version control tools like Git
  • Familiarity with systems such as Murex, Calypso, Real Time Credit Engine, or QRM
  • A collaborative mindset and ability to lead and mentor others

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 .

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