Manager, Credit Risk Modelling
About this role
Create your best future and join Westpac as a Manager, Credit Risk Modelling
What’s the role?
As Manager, Credit Risk Modelling, you’ll join our Credit Risk Models team and play a key role in the development and ongoing maintenance of IRB credit risk models used to support capital management across Westpac Group portfolios.
You’ll manage model development, enhancement and other model lifecycle activities covering Probability of Default, Loss Given Default and Exposure at Default, ensuring models and supporting processes are well documented, appropriately controlled and aligned with regulatory and governance requirements.
Working closely with colleagues and leaders across the business, you’ll provide practical modelling insights and recommendations that support portfolio optimisation and effective credit risk management. You’ll also identify opportunities to improve credit decisioning and risk processes through statistical analysis, new methodologies and fit-for-purpose modelling tools.
This is a permanent full-time opportunity based in Sydney, Melbourne or Brisbane, with hybrid working arrangements available.
What do I need?
You’ll bring strong analytical and problem-solving skills, together with the ability to lead modelling projects and communicate technical information clearly.
- Experience developing and maintaining credit risk models, including Probability of Default, Loss Given Default and Exposure at Default.
- Working knowledge of the Basel regulatory framework and its application to credit risk and capital modelling.
- Intermediate to advanced capability in SAS, SQL, R or Python, with confidence using Excel and other Microsoft Office applications.
- Strong statistical, data management and analytical skills, with the ability to turn complex information into practical recommendations.
- Clear written and verbal communication skills, with a proactive, innovative and customer-focused approach.
Why join us?
We’re obsessed with becoming our customers #1 banking partner for life and we’re looking for people who are passionate about helping us achieve that goal. In return we’re committed to making Westpac the best place to work in the country. Here are just a few of the ways we’re 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
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.
Company at a glance
From rescue helicopters to signing the Equator Principles, from paying super during parental leave to adding 'Touch ID' biometric technology to our banking apps and being first on the scene with a helping hand in times of crisis... we have a proud history of stepping up to be first for our customers, communities and people. As Australia’s first bank and Australia’s first company we put service at the heart of everything we do and our people are our priority.
We've grown up as a company and expanded both in Australia and throughout Asia, the United Kingdom and the United States. Now we are made up of your favourite financial institution names including Westpac, BankSA, St.George Bank, BT Financial Group, RAMs and Bank of Melbourne, a change of job doesn’t mean a change of employer at Westpac Group.
We've made a commitment to put our customers first in everything we do. This means creating fundamentally superior customer experiences for each customer, every time. We promise that when you meet with someone from Westpac Group, you'll be touched by their genuine dedication to helping our customers prosper and grow.
Westpac Group acknowledges the traditional owners as the custodians of this land, recognising their connection to land, waters and community. We pay our respects to Australia's First Peoples, and to their Elders, past and present.
Top Benefits
- Banking product discounts
- Employee-only mortgage rates
- Flexible work arrangements
- Leave options including Culture, Lifestyle and Wellbeing leave
- Learning and development opportunities
- Volunteering initiatives
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