Senior Modeller

Westpac New Zealand Limited; Auckland; Remote; NZD 150,000 - 190,000; Full time

Benefits offered by this job

4 weeks holiday + wellbeing leave

Purchased leave up to 4 weeks/year

Banking benefits & superannuation

Career growth opportunities

Parental leave & top up government pay

School holiday subsidy

Volunteer days

Job summary

Westpac New Zealand Limited is seeking a Senior Modeller to join the Quantitative Risk Management team in Auckland. You will develop and maintain credit risk models across PD, EAD and LGD, monitor performance, and support stress testing and governance processes.

You will work with stakeholders across the bank to deliver robust modelling outcomes and drive best practices. You will bring a strong quantitative background, proficiency in SAS/SQL/R/Python, and the ability to communicate technical

Qualifications

• Proficiency in analytical programming languages (SAS, SQL, R, Python).
• Strong analytical and problem-solving skills.
• Ability to write clear technical documentation and communicate findings to senior stakeholders.
• Strong attention to detail and collaborative approach.
• Familiarity with Basel, RBNZ Banking Prudential Requirements or IFRS is a plus.

Responsibilities

• Develop and enhance PD, EAD and LGD credit risk models.
• Monitor model performance and develop supporting tools.
• Support stress testing, scenario analysis, benchmarking and model reviews.
• Contribute to model governance, validation and regulatory reviews.
• Share expertise and grow modelling capability across QRM.
• Improve analytics, coding, documentation and data visualisation practices.
• Collaborate with stakeholders to keep projects moving and deliver quality outcomes.

Job description

Senior Modeller# Careers## Senior ModellerApply: Westpac on Takutai Square: Full time: Posted Today: End Date: November 7, 2026 (15 days left to apply): JR108155**Mō te tūranga | About the Role**We’re looking for a **Senior Modeller** to join our Quantitative Risk Management (QRM) team, applying your quantitative expertise to help shape Westpac’s credit risk profile and strengthen how we understand and manage risk.You’ll work across retail and non-retail portfolios, collaborating with teams across the bank to deliver high-quality modelling outcomes and strengthen best practice. You’ll also bring your expertise to wider modelling projects, work closely with stakeholders across the bank and help grow modelling capability and best practice across QRM.In this role, you’ll:* Develop and enhance Probability of Default (PD), Exposure at Default (EAD) and Loss Given Default (LGD) credit risk models.* Monitor model performance and develop supporting tools.* Support stress testing, scenario analysis, benchmarking and model reviews.* Contribute to model governance, validation and regulatory reviews.* Share your expertise and help grow modelling capability across QRM.* Improve practices across analytics, coding, documentation and data visualisation.* Challenge existing processes to improve efficiency, accuracy and quality.* Collaborate with stakeholders to keep projects moving and deliver quality outcomes.**Nā tāu rourou | What will you bring?**You’ll bring a strong quantitative mindset and enjoy using data and modelling to solve complex problems and deliver practical insights.Ideally, you’ll have:* A tertiary qualification in Statistics, Mathematics or a related field.* Proficiency in at least one analytical programming language such as SAS, SQL, R or Python, with the ability and willingness to learn new tools.* Strong analytical and problem-solving skills.* The ability to write clear technical documentation and confidently communicate your findings to senior stakeholders.* Strong attention to detail and the confidence to constructively challenge.* A collaborative approach and the ability to proactively manage timelines and work with others to resolve blockers.* Familiarity with regulatory frameworks such as the Basel Accord, RBNZ Banking Prudential Requirements, APRA Prudential Standards or IFRS would be an advantage, but isn’t essential.If you enjoy combining quantitative modelling, coding and problem solving with the opportunity to influence how credit risk is understood and managed, we’d love to hear from you.**Westpac Hei Wāhi Mahi | Working at Westpac**Immersing yourself in a supportive team environment, and receive some of the best banking, and lifestyle benefits in the market along with:* 4 weeks standard holiday + 5 additional days of wellbeing leave to support you to be your best* Additional purchased leave options up to 4 weeks per year* Banking benefits, insurance discounts and superannuation scheme* Career growth – we promote internal capability; we have programmes that recognise star performers* Generous parental leave – and top up government paid parental leave* School holiday subsidy - help you balance work and family during school holiday* 2 Volunteer days per year **Ko mātou tēnei | Our Organisation** At Westpac, we’re working together to build a fairer and stronger New Zealand for our people, customers, and communities. For over 160 years we’ve been driven by our purpose to Create Better Futures Together. What makes us unique are the incredible people we’re lucky enough to have walk through our doors every day. The giant ‘W’ on our building doesn’t just stand for Westpac – it says, double you. We’re a place that values, rewards and recognises individuality. Where you can be your whole self, your true self, and your best self. We’re recognised as a place where talent is developed, where passions are fuelled and where ambitions of all shapes and sizes thrive. And it all starts with you! **Tono mai ināianei! | Apply Now!**Apply today with your CV and Cover Letter. The people of Aotearoa, New Zealand hail from many cultures and backgrounds. At Westpac New Zealand, we draw on this enormous talent pool to cultivate a team rich in ability and empowered to reach its full potential. Our aim is to be brave challengers, celebrating our differences and relentlessly advocating for our customers. It starts with us – we believe that when we care deeply and do our best for our people, they’ll do their best for our customers. We encourage people from all walks of life to apply, including those who are neurodivergent, have chronic health conditions or disabilities – your attitude and passion are as important to us as your experience, qualifications and capabilities. **Mahi tahi tātou, kaha ake tātou | Together Greater** **Applications close:**6 November 2026