About The Role

Create your best future and join Westpac as a Senior Quantitative Analyst, Counterparty Credit Risk

What’s the role?

Join our Quantitative Analytics team and play a key role in delivering the models, analytics and risk capabilities that support Financial Markets, Treasury and Commodities. Working within a specialist front-office quantitative team, you'll help manage and enhance the models used to measure counterparty credit risk, derivative valuations and XVA.

You'll work closely with trading, risk and technology teams to develop new capabilities, support the introduction of new products and contribute to major initiatives, including enhancements to the counterparty credit risk platform. This is a hands-on role where you'll combine quantitative expertise, problem-solving skills and technology to deliver practical solutions that support the business.

You'll be part of a highly skilled team that works closely with the trading floor, giving you exposure to complex products, challenging quantitative problems and opportunities to influence how risk and valuation models evolve over time.

This is a permanent position based in Sydney, with the expectation that you’ll work from the office three days per week.

What do I need?

You’ll bring strong quantitative capability, sound judgement and the confidence to work collaboratively in a fast-moving financial markets environment.

Strong knowledge of counterparty credit risk or XVA, including derivatives pricing, risk factor modelling, exposure profiles and CVA modelling.
Experience configuring and testing mark-to-market models, generating simulation scenarios and supporting models through independent assessment.
Proficiency in at least one relevant programming language, such as C++, R or Python.
A methodical approach to model testing, technical documentation and process management, with the ability to apply materiality when making assessments.
Strong communication, collaboration and time-management skills, along with a proactive and delivery-focused approach. Experience with IMCR, Risk++, Git, Jira or Confluence would be beneficial.

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 out more information and additional contact details by visiting the "People with Disability and/or needing Accessibility Requirements" page on our website .

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.