About this role
We’re seeking a Risk Manager – Treasury for our Treasury Market Risk team to oversee traded and non‑traded market risk within Westpac Group Treasury. This role supports the Senior Manager and offers strong exposure to senior stakeholders.
What’s the role?
You’ll provide independent oversight of Treasury’s market risk exposures, including analysis of sensitivities, Value‑at‑Risk (VaR), stress testing and key Profit and Loss (P&L) drivers. You’ll monitor structural risk limits, support limit framework reviews, and ensure alignment with the Australian Prudential Standards (APS 116 and APS 117) and the Group’s broader Risk Management Framework.
You’ll work closely with teams across Treasury, Market Risk Reporting, Market Risk Analytics, Model Risk and Group Stress Testing to deliver insights on capital, earnings, emerging risks and model performance. The role also contributes to enhancing market risk governance, documentation and oversight processes.
Be part of our Sydney team in this exciting, permanent full-time opportunity.
What do I need?
We’re looking for someone who brings:
- At least 5 years’ experience in financial markets or risk, ideally with exposure to traded and non‑traded market risk.
- Strong understanding of market risk concepts including sensitivities, VaR, stress testing, and structural risk.
- Solid knowledge of fixed income and FX derivatives, including pricing fundamentals.
- Understanding of APS116 and APS117 and the broader Australian regulatory environment.
- Strong analytical and numerical capability, with technical skills in Python, SQL, R or VBA viewed favourably.
- Excellent written and verbal communication skills and the ability to translate complex analysis into clear insights.
- A collaborative, accountable and resilient working style with the ability to manage multiple priorities and support junior team members.
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
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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 out more information and additional contact details by visiting the "People with Disability and/or needing Accessibility Requirements" page on our website.
Other facts
About Westpac Group
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.
What you'll do
- You will provide independent oversight of Treasury’s market risk exposures and analyze sensitivities, Value-at-Risk, and stress testing. The role involves monitoring structural risk limits and ensuring alignment with Australian Prudential Standards.
Ready to join Westpac Group?
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