Manager, Credit Model Risk

Job Description

Critical Role: Providing insight, oversight, and control in relation to retail and non-retail credit risk models. Opportunity Duration: 12 month opportunity. Location: Open to candidates in Sydney, Melbourne, or Adelaide locations. Working Model: Hybrid working model, minimum 50% days per week in office. How will I help? As a Credit Risk Model Validation Manager, you will work in an independent validation team with an enterprise-wide impact. This role sits within the Model Risk team and provides oversight, insight, and control to retail and non-retail credit risk models. Some of the key accountabilities are: Working in a team that provides insight, oversight, and control in relation to retail and non-retail credit risk models, including A-IRB (PD/EAD/LGD), scorecards, provisioning, and stress testing. Performing independent validations to challenge a model’s methodology, scope of application, development, monitoring, and data whilst ensuring it meets internal policy and regulatory requirements. Producing clear, concise, and insightful independent assessment reports and socializing the results to key stakeholders. What do I need? You will have relevant experience in a similar role and be an experienced mathematical, statistical modeller with a proven background in retail and/or non-retail credit risk modelling or model validation covering Internal Ratings Based (IRB), provisioning, and scorecard models. Tertiary qualifications in actuarial, mathematics, statistics, econometrics, or other related quantitative discipline will help you succeed. You will be a great problem-solver, with a proven ability to deliver the best possible results for the organization, showing determination, resourcefulness, and a sense of purpose in achieving this, as well as having advanced knowledge of SAS, R, Python, SQL, and Excel in data analytics, modelling, and visualization. Your demonstrated experience in stakeholder management and ability to communicate with influence, coupled with excellent written and interpersonal communication skills, particularly the ability to explain complicated issues in an efficient and effective manner, will see you succeed in this role. Experience with AI/ML and stress testing modelling will be advantageous. How do I apply? Start here. Just click on the APPLY or APPLY NOW button. At Westpac, we’re all about creating a supportive culture and ensuring our workplaces, branches, products, and services are accessible and inclusive for everyone—our customers, employees, and the wider community. If you’re interested in discussing workplace flexibility, please feel free to mention it in your application. We invite candidates of all ages, genders, sexual orientation, cultural backgrounds, people with disability, neurodiverse individuals, veterans and reservists, and Indigenous Australians to apply. If you have questions about the recruitment process, please email Do you need reasonable adjustments during the recruitment process? We can provide reasonable adjustments for individuals with disability and/or neurodiversity. If you require an adjustment to be made during the recruitment process at any stage, please email #J-18808-Ljbffr