Manager, Credit Risk Modelling

Title: Manager, Credit Risk Modelling

Job Description:

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