Manager, Markets

Westpac Group; Sydney; On-site; AUD 180,000 - 250,000; Full time

Job summary

Westpac Group is seeking a Manager, Markets, Model Risk to provide independent oversight and validation of valuation and risk models across Financial Markets, Risk and Treasury. You will cover a broad range of models, including linear and nonlinear derivatives, and work closely with stakeholders to strengthen governance.

The role requires expertise in IRRBB models and APS standards, strong programming skills (C++/R), and experience with risk platforms such as Murex, Calypso or QRM.

Qualifications

• Strong experience in a financial markets quantitative environment.
• Expertise in derivative valuation and risk models across products.
• Knowledge of IRRBB models and APS standards such as APS111/APS116/APS117/CPS226/APS180.
• Ability to independently assess and validate complex valuation and risk models.
• Excellent communication with ability to influence stakeholders.
• Proficiency in programming with C++ or R; familiarity with version control and market risk platforms.

Responsibilities

• Provide independent oversight and validation of models used across Financial Markets, Risk and Treasury.
• Influence key decisions and contribute to model risk governance across the Group.
• Collaborate with stakeholders to improve model risk controls and documentation.

Skills

Derivative valuation

Risk models

Analytical skills

Communication

Tools

Murex

Calypso

Real Time Credit Engine

QRM

Job description

Job Description

Ready to make a real impact in one of Australia's leading banking groups? As a Manager, Markets, Model Risk, you'll help provide independent oversight and validation of models used across Financial Markets, Risk and Treasury.

You'll work on a diverse range of models covering derivative valuation, risk measurement and capital frameworks while partnering with stakeholders across the organisation. Beyond technical analysis, you'll have the opportunity to influence key decisions, contribute to important projects and help strengthen model risk governance across the Group.

This is a full time permanent opportunity based in Sydney / Warrane, Gadigal Country.

What do I need?

• Strong experience working in a financial markets quantitative environment, with expertise in derivative valuation and risk models across a range of products, including linear and nonlinear derivatives.
• Knowledge of IRRBB models and a sound understanding of relevant regulatory standards, including APS111, APS116, APS117, CPS226 and APS180.
• Ability to independently assess, challenge and validate complex valuation and risk models, applying strong analytical and problem solving skills.
• Excellent communication skills with the ability to explain complex quantitative concepts clearly and influence stakeholders at all levels.
• Programming capability in C++, R or a similar language. Experience with version control tools and market risk platforms such as Murex, Calypso, Real Time Credit Engine or QRM will be highly regarded.

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

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 more information and contact details on our FAQs and how to contact us page, under the ‘Diversity, sustainability and flexibility’ section.