Manager, Model Risk
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
- Lead validation of high-impact credit risk modelsand contribute to major changes across Westpac Group
- Present to senior stakeholders and committeeswhile driving process improvements and mentoring junior team members
- 12-month fixed term role with flexible working arrangementsin a newly created role with exposure to Basel III and strategic modelling initiatives
Whats the role
Were looking for aManager Model Riskto join our team in a newly created role. Model Risk is responsible for independently validating models across Westpac Group and supporting second line of defence activities. Youll lead validation projects for retail and non-retail credit risk models including IRB scorecards provisioning stress testing and economic capital and play a key role in upcoming changes including those introduced by Basel III.
Youll present validation outcomes to model owners committees and senior stakeholders while also contributing to process improvements and coaching junior team members.
Youll take ownership of validation projects manage internal stakeholders and help strengthen our model risk infrastructure.
This is a fulltime 12-month fixed term role based in Sydney with flexible hybrid working arrangements available.
What do I need
Were looking for someone who brings:
- Experience in credit risk modelling or model validation including IRB provisioning and scorecards; familiarity with stress testing and economic capital is a plus
- Strong academic background in actuarial statistics econometrics or a related quantitative discipline
- Ability to clearly communicate complex concepts and influence stakeholders across all levels
- Advanced skills in SAS R SQL Excel and Word; familiarity with Python Git Jupyter or Spark is an advantage
- Proven ability to lead validation projects coach others and contribute to process improvements
- A proactive mindset with strong delivery focus and relationship-building skills
Why join us
Were obsessed with becoming our customers #1 banking partner for life and were looking for people who are passionate about helping us achieve that return were committed to making Westpac the best place to work in the country. Here are just a few of the ways were 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
To get started simply click on the APPLY or APPLY NOW button
Were 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 out more information and additional contact details by visiting thePeople with Disability and/or needing Accessibility Requirementspage on ourwebsite.
Required Experience:
Manager
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
Westpac has a long and proud history as Australia's first and oldest bank. It was established in 1817 as the Bank of New South Wales under a charter of incorporation provided by Governor Lachlan Macquarie. In October 1982 it changed its name to Westpac Banking Corporation following th ... View more
