Senior Quantitative Model Risk Analyst

Westpac; Sydney; On-site; AUD 120,000 - 180,000; Full time

Benefits offered by this job

Flexible work arrangements

Learning and development opportunities

Volunteer opportunities

Job summary

Westpac is seeking a senior Model Risk professional to independently assess and validate valuation and risk models used across Markets, Risk and Treasury. The role offers exposure to diverse products and regulatory standards, with opportunities to influence senior decisions and grow within a large bank.

You will work in a full-time capacity across Sydney, Melbourne, Brisbane, or Adelaide, collaborating with stakeholders to strengthen model governance and risk management practices.

Qualifications

• Strong experience in a financial markets quantitative environment with derivative valuation and risk models across products (linear and nonlinear).
• Knowledge of IRRBB models and APS111, APS116, APS117, CPS226, APS180 requirements.
• Ability to independently assess, challenge and validate complex valuation and risk models with strong analytical skills.
• Excellent communication to convey technical concepts and influence stakeholders at senior levels.
• Programming capability in C++, R or similar; experience with Murex, Calypso, Real Time Credit Engine or QRM is highly regarded.

Responsibilities

• Independently assess and validate complex valuation and risk models across markets, risk and treasury.
• Contribute to governance and validation standards for model risk across the Group.
• Collaborate with stakeholders across Markets, Risk and Treasury on high-profile initiatives.
• Explain quantitative concepts clearly to non-technical audiences and influence decisions.

Skills

Quantitative modelling

Derivative valuation

Risk models

Programming (C++, R)

Model governance

Tools

Murex

Calypso

QRM

Version control

Job description

Westpac is seeking a senior Model Risk professional to independently assess and validate valuation and risk models used across Markets, Risk and Treasury. The role offers exposure to diverse products and regulatory standards, with opportunities to influence senior decisions and grow within a large bank.

You will work in a full-time capacity across Sydney, Melbourne, Brisbane, or Adelaide, collaborating with stakeholders to strengthen model governance and risk management practices.