Senior Modeller

Westpac New Zealand; Auckland; On-site; NZD 110,000 - 180,000; Full time

Benefits offered by this job

4 weeks holiday + 5 wellbeing days

Additional leave options up to 4 weeks

Banking benefits, insurance discounts

Career growth programmes

Parental leave top up

School holiday subsidy

Volunteer days

Job summary

Westpac New Zealand is seeking a Senior Modeller to join the Quantitative Risk Management team in Auckland. The role focuses on developing PD, EAD and LGD credit risk models, monitoring performance and supporting governance across regulatory reviews.

You will collaborate with cross-functional teams to raise modelling capability, improve analytics practices and deliver high-quality outcomes in a fast-paced banking environment.

Qualifications

• Tertiary qualification in Statistics, Mathematics or related field.
• Proficiency in analytical programming languages (SAS, SQL, R or Python).
• Strong analytical and problem-solving skills.
• Ability to write clear technical documentation and communicate findings to senior stakeholders.
• Attention to detail and ability to constructively challenge.

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 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.

Skills

SAS

SQL

R

Python

Statistical analysis

Education

Statistics/Mathematics degree

Job description

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

Benefits

• 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!

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