Senior Quantitative Analyst

Westpac Group

Join Westpac as a Senior Quantitative Analyst in Model Risk, focusing on independent validation of retail and non-retail credit risk models.

Last checked on June 14, 2026. We may earn a commission when you click through.

A solid opportunity for experienced quantitative analysts looking to work with a major bank in Australia.

✓ Reputable employer with strong market presence ✓ Focus on model validation enhances analytical skills ✓ Stable work environment

Senior Quantitative Analyst

Westpac Group

Updated 4 days ago

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New South Wales

A solid opportunity for experienced quantitative analysts looking to work with a major bank in Australia.

About this role

Join Westpac as a Senior Quantitative Analyst in Model Risk, focusing on independent validation of retail and non-retail credit risk models.

About the Company

Westpac Group is one of Australia's largest banks, providing a wide range of financial services.

Key Highlights

✓ Independent validation of credit risk models
✓ Oversight and control across various model types
✓ Opportunity to shape credit risk strategy

💡 Honest Take: This role is ideal for seasoned analysts who thrive in a structured environment but may not suit those seeking a fast-paced, dynamic setting.

Pros

✓ Reputable employer with strong market presence
✓ Focus on model validation enhances analytical skills
✓ Stable work environment

Cons

✗ Limited remote work options
✗ Potentially bureaucratic processes
✗ May require extensive experience

Best For: Ideal for those who are detail-oriented and enjoy working within established frameworks.

Watch Out: Candidates should be prepared for a formal, structured work culture that may not appeal to everyone.

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What Customers Say

Feedback from current employees highlights a supportive team but notes challenges with bureaucracy and limited flexibility.

Expert Review

The Senior Quantitative Analyst position at Westpac offers a unique chance to credit risk modelling with a well-respected bank. Model validation is crucial in today's financial landscape, and this role empowers analysts to exert control over both retail and non-retail models. The emphasis on independent validation means you’ll be at the forefront of risk management, ensuring models meet required standards.

While the role promises career stability and a reputable workplace, it may not be the best fit for those craving a fast-paced, innovative environment. The formal structure could deter some candidates who prefer a more flexible work style. the lack of remote work options might restrict applicants looking for work-life balance.

this position is tailored for seasoned analysts who thrive in a methodical setting and are keen to shape the future of credit risk strategies at Westpac. For further details, visit the official page at Westpac Careers.