Senior Quantitative Analyst / Manager, Markets Model Validation

Westpac; Sydney; On-site; AUD 140,000 - 190,000; Full time

Benefits offered by this job

Banking product discounts

Flexible work arrangements

Learning & development

Volunteer opportunities

Job summary

Westpac, a leading Australian bank, is seeking an experienced quantitative modeller to independently assess and validate valuation and risk models across Financial Markets, Risk and Treasury. You will work on derivative valuations, IRRBB models and regulatory standards, interfacing with stakeholders to drive governance and sound risk management.

This full-time role is based in major Australian cities. You should bring strong communication skills, proficiency in C++ or R, and familiarity with

Qualifications

• Strong experience in a financial markets quantitative environment with derivative valuation and risk models across products.
• Knowledge of IRRBB models and APS regulatory standards.
• Ability to independently assess, challenge and validate complex valuation and risk models.
• Excellent communication to explain quantitative concepts and influence stakeholders.
• Programming capability in C++, R or similar; experience with market risk platforms is highly regarded.

Responsibilities

• Assess and validate models used across Financial Markets, Risk and Treasury.
• Engage with stakeholders across Markets, Risk and Treasury on model governance.
• Contribute to high-profile model risk initiatives and regulatory requirements.

Skills

Quantitative modelling

Derivative valuation

IRRBB knowledge

Independent validation

Programming in C++, R

Tools

Murex

Calypso

QRM

Real Time Credit Engine

Version control

Job description

What’s the role?

You'll play a key role in independently assessing and validating models used across Financial Markets, Risk and Treasury. From derivative valuation and market risk models through to regulatory capital and treasury models, you'll help ensure strong model governance and sound risk management across the business.

It's an exciting time to join the team. With continued investment in the Model Risk function and a growing focus on supporting increasingly sophisticated products, models and regulatory requirements, you'll have the opportunity to work on some of the bank's most strategic and complex model risk challenges while building deep expertise across markets, treasury and risk disciplines. This growth also creates opportunities for career development and progression as the team continues to expand.

This is a full-time permanent opportunity based in Sydney, Melbourne, Brisbane or Adelaide.

You'll work closely with stakeholders across Markets, Risk and Treasury, contribute to high-profile initiatives, and help shape model risk practices across the Group. The role offers exposure to a broad range of financial products, the opportunity to influence decisions at senior levels, and the chance to play a key role in the future growth and success of the team.

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?

• 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.

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.

We may close this job advertisement earlier than the advertised closing date if suitable candidates are identified. We encourage you to apply as soon as possible.