W

Westpac

Banking and financial services for customers

Senior Quantitative Analyst - Counterparty Credit Risk

Full-TimeDeadline 9/16/26
No salary listed
Senior
Sydney NSW, Australia
HybridThree days on-site per week required.
Quantitative FinanceQuantitative Risk

About the job

Requirements
  • 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.
Responsibilities
  • Deliver models, analytics and risk capabilities supporting Financial Markets, Treasury and Commodities.
  • Manage and enhance models used to measure counterparty credit risk, derivative valuations and XVA.
  • Develop new capabilities and support the introduction of new products in collaboration with trading, risk and technology teams.
  • Contribute to major initiatives, including enhancements to the counterparty credit risk platform.
  • Deliver practical solutions that support the business.
Desired Qualifications
  • Experience with IMCR, Risk++, Git, Jira or Confluence.

About the company

Westpac is an Australian bank offering a wide range of financial services for individuals and businesses, including everyday banking, loans, payments, and digital banking.

Company Size

10,001+

Company Stage

IPO

Headquarters

Sydney, Australia

Founded

1817

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Simplify's Take

What believers are saying

  • Westpac’s 10 August 2026 update posted 2% lending growth and A$1.8 billion cash earnings.
  • Bank finished RAMS sale on 1 August 2026, lifting CET1 by 23 basis points.
  • Westpac targets more than A$550 million in FY26 productivity savings.

What critics are saying

  • Westpac’s mortgage applications fell 20% in August 2026 after Australia’s tax changes.
  • ASIC fined Westpac A$26 million on 27 May 2026 for hardship failures.
  • Westpac cut 193 jobs in May 2026; unions warn outsourcing degrades service.

What makes Westpac unique

  • Adapt unified 285 systems on Azure in September 2026, accelerating customer insight sixfold.
  • Westpac Intelligence Layer uses Snowflake on data at rest across Azure, AWS, Google.
  • Westpac remains Australia’s second-largest mortgage lender behind CBA, with a broad branch franchise.

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Benefits

Flexible Work Hours

Paid Vacation

Paid Sick Leave

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Mumbrella
Oct 12th, 2026
Australian Museum renews agreement with Westpac for 200th anniversary.

Australian Museum renews agreement with Westpac for 200th anniversary. October 12, 2026 12:04 Museum operator Australian Museum has renewed its partnership with Westpac for another 10 years. The agreement coincides with the museum's upcoming 200th anniversary in 2027. The announcement: The 10-year renewal sees Westpac as Principal Partner of AM200 and continue its longstanding support of the AM and Westpac Long Gallery. Sydney, Monday 12 October 2026: The Australian Museum (AM) and Westpac have renewed their longstanding partnership for a further 10 years, with Australia's first bank continuing as Principal Partner of the AM along with AM200, marking 200 years of Australia's first museum. The renewed partnership builds on a decade of support from Westpac and will see the organisation retain its naming rights to the Westpac Long Gallery, while supporting the delivery of AM200 and beginning a new chapter in its longstanding relationship with the Museum. A major focus of Westpac's continued support will be the Birds of Australia gallery on the second floor of the Westpac Long Gallery, which is currently being reimagined with new scientific research, First Nations perspectives, immersive storytelling and improved accessibility. The partnership will also support a refresh of Treasures Illuminated, the interactive projection bringing objects and stories from the Museum's collection to life. Across 2027, the nation's first museum will mark its 200th anniversary with a year-long program of blockbuster exhibitions, major public events, talks, performances, after-hours experiences and family activities celebrating 200 years of curiosity, discovery and the people, stories and ideas that have shaped how we see the world. Australian Museum Director and CEO Kim McKay AO said the renewed partnership continued a significant relationship between two of Australia's foundation institutions. "Westpac has been part of an important chapter in the Australian Museum's history, and we are delighted to have their support continue as we prepare to mark our own 200th anniversary," Ms McKay said. "From the restoration of the Westpac Long Gallery to the experiences that have brought this remarkable space to life, Westpac's support has helped us share our collections and stories with millions of visitors. "There is a wonderful symmetry in a partnership that began around Westpac's own bicentenary, now continuing into ours. As we celebrate 200 years of the Australian Museum, we look forward to building on that legacy together and creating new experiences for the generations that follow." Carolyn McCann, Westpac Chief Executive, Consumer said "There's something special about Australia's first bank supporting Australia's first museum as it celebrates 200 years. "Our organisations have played different roles in the nation's history, but we share a commitment to helping Australians understand where we've come from and imagine what comes next. "We're proud to continue to expand our support of the Australian Museum, helping create experiences that inspire curiosity, create opportunities for learning and help connect future generations with Australia's rich cultural and scientific heritage" Westpac first became the Australian Museum's Principal Partner in 2015, providing support for the restoration of the historic Long Gallery and the creation of 200 Treasures of the Australian Museum, which opened in the newly named Westpac Long Gallery in 2017. More than seven million people have visited the AM since the gallery opened. The 10-year partnership will run throughout the Australian Museum's bicentenary celebrations and continue Westpac's support of the Museum and Westpac Long Gallery into its third century. Have your say. Or comment anonymously Your comment will be marked as unverified

EPR Network LLC
Oct 8th, 2026
Westpac expands Qantas rewards with 150,000-point card offer and new business loan incentive.

Westpac expands Qantas rewards with 150,000-point card offer and new business loan incentive. Eligible new Altitude Qantas Black customers can also earn 50 Status Credits, while a business lending promotion begins on 13 October 2026. Westpac has extended its Altitude Qantas Black rewards offer as it expands its partnership with Qantas Loyalty. Key takeaways. * Eligible new Westpac Altitude Qantas Black cardholders can earn up to 150,000 bonus Qantas Points across two years and 50 Status Credits, subject to spending conditions. * The card bonus requires qualifying A$6,000 spending within 90 days of approval and another A$6,000 within 90 days of the card anniversary in year two. * From 13 October 2026 to 12 April 2027 eligible new variable-rate business loans can earn one Qantas Point per A$2 of approved credit, capped at 500,000 points. * Card fees, credit and loan eligibility requirements, and other programme conditions apply. (NEWS) SYDNEY, New South Wales, Australia, 2026-Oct-08 - /Travel PR News/ - Australian travellers seeking to build their frequent flyer balances have a revised banking offer to consider, with Westpac extending its Altitude Qantas Black credit-card promotion to include up to 150,000 bonus Qantas Points and 50 Status Credits for eligible new cardholders. The bank is also preparing a separate points offer for small and medium-sized businesses taking out qualifying loans. The moves deepen Westpac's collaboration with Qantas Loyalty at a time when airline rewards have become a prominent feature of the Australian credit-card market. But the advertised maximum bonus is conditional: the personal-card points are awarded in stages over two years, and borrowing-related rewards are subject to loan approval and programme membership. How the card's bonus points work. Under the published Altitude Qantas Black offer, eligible new cardholders can receive 90,000 bonus Qantas Points and 50 Status Credits after spending at least A$6,000 on eligible purchases within 90 days of card approval. A further 60,000 points are available in the second year when the cardholder spends at least A$6,000 on eligible purchases within 90 days of the card anniversary. The full 150,000-point figure is therefore not an immediate sign-up award. Westpac's published terms also state that the offer is for new cards and is unavailable to people who have held a Westpac credit card in the previous 24 months. Credit criteria, fees and other conditions apply. The card has a published standard annual fee of A$295, alongside a A$155 annual Qantas Rewards Programme fee; Westpac advertises a first-year card-fee reduction for qualifying existing customers. For travellers, the new element is the allocation of Status Credits, which ordinarily accrue through qualifying flying activity and help Qantas Frequent Flyer members progress through the airline's membership tiers. Points can be used for eligible flight bookings, upgrades and hotel stays through Qantas and its participating travel partners, subject to programme rules and availability. Carolyn McCann, Westpac's chief executive for consumer banking, said the extended promotion reflected customers' interest in loyalty programmes and the shifting credit-card rewards market. Andrew Glance, chief executive of Qantas Loyalty and Customer, said members had redeemed more than 10 million rewards in the past year, while newly issued Qantas-linked cards had grown at a double-digit rate in the latest quarter compared with a year earlier. Business loan promotion begins 13 October. Westpac is also adding a Qantas Business Rewards incentive for eligible new variable-rate business loans approved between 13 October 2026 and 12 April 2027. Participating customers are set to earn one Qantas Point for every A$2 of approved loan limit, capped at 500,000 points per loan. The offer applies to new eligible Westpac Business Loan - Variable facilities with approved amounts between A$20,000 and A$1 million. Borrowers must be Qantas Business Rewards members, and normal lending assessments, fees, charges and exclusions apply. The promotion cannot be combined with other specified offers, discounts or waivers. For example, Westpac calculates that an approved A$350,000 loan could generate 175,000 Qantas Points. That illustration represents rewards on qualifying borrowing, not a reduction in loan cost, and the commercial lending terms remain relevant to any borrowing decision. Paul Fowler, Westpac's chief executive for Business & Wealth, said the arrangement was intended to give business owners an additional rewards opportunity when financing investments they were already considering. According to the partners, Qantas Business Rewards has more than 700,000 business members and over 50 earning partners across spending categories including travel, fuel and utilities. The expanded arrangements illustrate how airline loyalty currencies are being linked to a wider range of financial products beyond everyday card spending. For customers, however, the potential travel benefit needs to be weighed against the relevant credit-card spending thresholds, card fees or business-loan costs. Full card conditions are available on Westpac's product page, while the business incentive is due to launch on 13 October.

Westpac
Oct 8th, 2026
Media releases.

Media releases. Westpac launches new and improved Qantas Points offers 8 October 2026. * New credit cardholders could earn up to 150,000 bonus Qantas Points and 50 Status Credits * Business customers could earn up to 500,000 Qantas Points through a new business lending offer with Qantas Business Rewards Westpac is expanding its partnership with Qantas Loyalty with new and improved offers designed to help customers enjoy greater value from their banking. Under the partnership, Westpac has extended its Altitude Qantas Black credit card offer, enabling eligible new cardholders to earn up to 150,000 bonus Qantas Points and, for the first time, receive 50 Status Credits, which are traditionally earned through flying[1]. Westpac Chief Executive, Consumer, Carolyn McCann said the credit card offer comes at a time when rewards programs are top of mind for many Australians. "We know people place a high value on rewards programs, and we're pleased to extend and build on our popular sign-up offer, supporting customers who may be looking to earn points," McCann said. "We really value our Qantas customers, and with changes to credit card rewards across the market in recent weeks, we see an opportunity to welcome new customers to Westpac by providing strong value through both bonus Qantas Points and Status Credits." Qantas Loyalty and Customer CEO Andrew Glance said Australians' appetite for earning Qantas Points has never been stronger, with members redeeming more than 10 million rewards in the last year. "Points-earning credit cards remain the fastest way for members to build their points balance, and we've seen double-digit growth in new Qantas cards issued this quarter compared to the same period last year," Glance said. "As the broader rewards landscape shifts, the Westpac Altitude Qantas Black card offers fantastic value for members looking to fast-track their frequent flyer status or book a dream trip with their points." Points earned on the Westpac Altitude Qantas Black credit card can be redeemed on flights to more than 1,300 destinations with Qantas and 30 partner airlines, as well as flight upgrades and hotel stays. Status Credits allow frequent flyers to move up through the airline's Status tiers, Silver, Gold, Platinum and Platinum One, gaining access to more than 650 Qantas and partner lounges worldwide and other premium travel benefits. Coming soon for business customers Westpac's eligible business customers could also earn up to 500,000 points with Qantas Business Rewards, receiving 1 Qantas Point for every $2 borrowed when they take out a new Westpac Business Loan between 13 October 2026 and 12 April 2027. For an eligible business loan of $350,000, that could mean earning 175,000 Qantas Points[2]. Westpac Chief Executive, Business & Wealth, Paul Fowler said rewards programs continue to resonate strongly with customers. "Many business owners already use rewards programs in their personal lives, but opportunities to earn rewards through their business banking relationship have been more limited. The new offer gives customers another way to generate value from investments they may already be planning to make in their business," Fowler said. "This offer is another way we're delivering more value to our business customers. Whether they're investing in growth, managing cash flow or taking advantage of new opportunities, we're focused on helping businesses get more from their banking relationship." Qantas Business Rewards is a loyalty program that rewards Australian small and medium businesses, with more than 700,000 members. Members can save on flights and earn Qantas Points on their everyday business expenses with more than 50 partners, from flights to fuel, energy bills to credit card spend. [[1] The credit card offer is available to eligible customers who apply for a participating Westpac rewards credit card and satisfy the applicable minimum spend criteria. For more information, including eligibility criteria and terms and conditions, please see here. 2 The business lending offer will be available from 13 October 2026 until 12 April 2027 on an eligible new Westpac Business Loan - Variable only. Approved loan must be between $20,000 and $1 million. Customers earn 1 Qantas Point for every $2 of approved loan limit, capped at 500,000 points per loan. Must be a Qantas Business Rewards member. Terms, conditions, eligibility criteria, fees, credit criteria, charges and exclusions will apply. Not available with any other offers, discounts or waivers. Find out more when the offer launches 13 October 2026.] Media contact:

Financial Newswire
Oct 5th, 2026
Macquarie's digital wealth chief heads to BT.

Macquarie's digital wealth chief heads to BT. Binaya dahal. Journalist 6 October 2026 Adam Hett, who spent the past 13 years at Macquarie Group and most recently served as its Head of Digital Wealth, has exited the investment banking giant for a newly created Chief Product Owner - Digital role at BT. The wealth management arm of the Westpac Group announced the appointment on Friday, saying Hett will lead the strategy, performance and ongoing evolution of the firm's digital channels, including its Panorama desktop and mobile app. According to BT, the role was created in response to growing demand for simpler, mobile-first wealth experiences. It said that more than 5,000 advisers currently use Panorama and over half of all platform logins are made through the mobile app. "The most successful advice businesses are increasingly focused on technology that feels simple, integrated and aligned to the way they work and engage with clients," Annabelle Kline, Chief Product Officer at BT, said. "His (Hett) expertise will be invaluable as we continue to evolve Panorama and support the next stage of growth for advisers and investors." At Macquarie, Hett was responsible for the vision, strategy and delivery of digital wealth experiences across the group and oversaw a team of more than 150 product, design, engineering and delivery specialists. He also held a range of senior leadership positions across its wealth management business, including responsibility for adviser-facing digital platforms. Hett said BT's market position and ambitions for Panorama were key factors behind his decision to join the business. "Panorama has established itself as one of Australia's leading wealth platforms, with significant scale, strong momentum, and a clear focus on adviser outcomes," he said. "What attracted me was the opportunity to help shape the next phase of its evolution and help enhance how advisers and their clients engage with Panorama through more integrated and intuitive digital experiences."

Westpac
Oct 2nd, 2026
Media releases.

Media releases. Alyssa Healy takes on new coaching role at Westpac 2 october 2026. Westpac has appointed Australian cricket great Alyssa Healy as its new High Performance Leadership Coach, bringing one of the country's most respected sporting leaders into the organisation to mentor leaders. A former captain of the Australian Women's Cricket Team, Healy has spent more than 16 years competing at the highest level. She will work with Westpac leaders and employees, sharing lessons from elite sport on performing under pressure, leading through change, building resilient teams and making high-stakes decisions. Westpac CEO Anthony Miller says Alyssa's experience will bring valuable lessons from one of the highest-performing team environments in the country. "Alyssa is an outstanding role model and leader who has spent her career performing at the highest level, leading teams through pressure, change and expectation," Miller said. "The lessons in leadership, teamwork and positivity under pressure that she has learned along the way are directly relevant to its people and to any organisation that wants to perform at its best. "Bringing in someone with Alyssa's experience gives our leaders and teams the opportunity to learn from a world-class leader and high-performing athlete who understands what it takes to prepare well, work together and deliver when it matters most." Speaking about the new role, Healy said: "I'm thrilled to join the Westpac family and be a part of Australia's oldest bank, with its rich history and strong focus on shaping the future. "To me, leadership is a never-ending journey of learning, growing and most importantly supporting others in their own journeys along the way. I'm passionate about sharing my stories, experiences, and skills to help people build confidence and empower them to reach their potential. "I'm excited to meet lots of new people, hear their stories and experiences and continue to learn myself along the way." As Westpac's High Performance Leadership Coach, Healy will focus on practical topics like performing under pressure, leading through uncertainty, building high-trust teams and creating environments where people can do their best work. The role has been designed to complement Westpac's existing leadership and talent programs. In addition to presentations and leadership forums, she will contribute to selected leadership development programs and work directly with emerging and high-potential leaders. A particular focus will be creating more opportunities for women to develop as leaders through mentoring, coaching circles and leadership development initiatives. Connecting participants with accomplished leaders like Alyssa can help build the networks, perspectives and practical leadership skills that support long-term career growth and further leadership opportunities. "One of the things I'm most excited about is giving our people the chance to engage and learn from Alyssa in different ways," Miller added. "Whether it's through leadership forums, coaching sessions or our existing talent programs, the focus is on creating opportunities for people to learn and be the best they can be. That's what great coaching does, it gives people the confidence to keep improving and reach their potential." ABOUT ALYSSA HEALY Alyssa Healy is one of Australia's most accomplished cricketers and respected sporting leaders. A wicketkeeper-batter and former captain of the Australian Women's Cricket Team, Healy represented Australia for more than 16 years, helping lead the team through one of the most successful periods in its history. She won multiple ICC World Cups and T20 World Cups and is widely regarded as one of the best wicketkeeper-betters the game has produced. Known for her fearless leadership, competitive mindset and ability to perform under pressure, Healy captained Australia and played a pivotal role in some of the sport's biggest moments, including World Cup and Ashes triumphs. Beyond her on-field achievements, she is recognised for her insights on teamwork, resilience, high performance and leadership. Healy retired from cricket in 2026 following a distinguished career spanning more than a decade and a half at the highest level. Media contact: