Senior Quantitative Analyst, Markets
Westpac Group
Date: 2 days ago
City: Sydney, New South Wales
Contract type: Full time
Job Description
Join our dynamic Model Risk team at Westpac Group, where we specialise in the independent validation of models and spearhead key initiatives in model risk management. This role provides a unique opportunity to delve into an exciting spectrum of Financial Markets products, spanning interest rates, foreign exchange, and commodities.
This role involves validating derivative pricing and risk models across IRRBB, FX, IR, and Commodity markets, requiring close collaboration with model owners and project teams to ensure high-quality outcomes.
Some of the key accountabilities are:
You’ll play a significant part of the future of a business that has been around for over 200 years. Our purpose is to create better futures together. So, we’ll back you in the development of your career, internal career prospects, and flexible working. You’ll also keep learning to grow your career, backed by a fantastic team of people with a can-do, supportive structure. Whatever shape your family takes, we offer generous paid and unpaid parental leave for your nominated primary and support carers. This includes leave to organise adoptions, surrogacy, and foster care arrangements. And we continue to pay your super contributions while you take all the time you need to get your new family settled.
What do I need?
What’s it like to work there?
We are a collaborative team of passionate people with a shared ambition to make a difference for our customers, our communities and each other. At Westpac, making a difference means creating impact, unlocking our own and each other’s passions, and transformative success stories to create better futures together.
As well as competitive remuneration and a great culture, joining the Westpac family gives you access to a wide range of employee benefits to help you manage your priorities - whether that means family life, work/life balance, ambition to grow or all the little perks in between.
We’ll empower you to shape your career path. Through personalised upskilling, mentoring, and training opportunities, you’re in control of where you start and how you’ll grow.
As an equal opportunity employer, we are proud to have created a culture and work environment that values diversity and flexibility – and champions inclusion.
Hear from some of our people and their experiences working with us.
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 [email protected] .
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 [email protected]
- Critical role providing independent validation activity covering derivative pricing and risk models
- Permanent opportunity
- Open to candidates in Sydney, Melbourne, Brisbane, Adelaide locations
- Hybrid working model, minimum 2-3 days per week in office
Join our dynamic Model Risk team at Westpac Group, where we specialise in the independent validation of models and spearhead key initiatives in model risk management. This role provides a unique opportunity to delve into an exciting spectrum of Financial Markets products, spanning interest rates, foreign exchange, and commodities.
This role involves validating derivative pricing and risk models across IRRBB, FX, IR, and Commodity markets, requiring close collaboration with model owners and project teams to ensure high-quality outcomes.
Some of the key accountabilities are:
- Validation of quantitative models used for pricing and risk in Treasury and Financial Markets.
- Validation of risk systems to incorporate new products and new regulatory requirements.
- Development and enhancement of independent models used for validation.
- Present validation outcomes to management, model owners and developers.
You’ll play a significant part of the future of a business that has been around for over 200 years. Our purpose is to create better futures together. So, we’ll back you in the development of your career, internal career prospects, and flexible working. You’ll also keep learning to grow your career, backed by a fantastic team of people with a can-do, supportive structure. Whatever shape your family takes, we offer generous paid and unpaid parental leave for your nominated primary and support carers. This includes leave to organise adoptions, surrogacy, and foster care arrangements. And we continue to pay your super contributions while you take all the time you need to get your new family settled.
What do I need?
- At least 4-5 years’ experience within a financial market quantitative team with a thorough knowledge of financial markets derivatives, with a focus on APS116 and APS117 regulatory models
- An excellent tertiary qualification in a quantitative discipline, with a focus on financial mathematics preferable
- Excellent written and inter-personal communication skills, particularly the ability to explain complicated issues in an effective manner
- Ability to work to tight deadlines and deal with changing priorities.
- Ability to work independently and in a team.
- Experience using front office and risk systems like Murex, is an advantage.
What’s it like to work there?
We are a collaborative team of passionate people with a shared ambition to make a difference for our customers, our communities and each other. At Westpac, making a difference means creating impact, unlocking our own and each other’s passions, and transformative success stories to create better futures together.
As well as competitive remuneration and a great culture, joining the Westpac family gives you access to a wide range of employee benefits to help you manage your priorities - whether that means family life, work/life balance, ambition to grow or all the little perks in between.
We’ll empower you to shape your career path. Through personalised upskilling, mentoring, and training opportunities, you’re in control of where you start and how you’ll grow.
As an equal opportunity employer, we are proud to have created a culture and work environment that values diversity and flexibility – and champions inclusion.
Hear from some of our people and their experiences working with us.
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 [email protected] .
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 [email protected]
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