Quant jobs / Westpac

Senior Quantitative Analyst / Manager – Markets Model Validation

A model validation role covering valuation and risk models across financial markets, risk and treasury. The team is expanding as products and regulation become more complex.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Independently validate derivative valuation and market risk models
Review treasury and regulatory capital models, including interest rate risk in the banking book
Challenge model assumptions and write findings for governance
Work with markets, risk and treasury stakeholders on model risk
Check implementations on platforms such as Murex or QRM

What they ask for

Required

Experience in a financial markets quant environment
Derivative valuation and risk models across linear and nonlinear products
IRRBB model knowledge
Australian prudential standards awareness
Independent challenge of complex models
C++, R or similar

Preferred

Version control
Murex, Calypso, Real Time Credit Engine or QRM

Education: No degree level stated
Experience: Strong experience in a financial markets quantitative environment; years not stated
Languages and tools: C++
R
Markets: multi-asset, fixed-income

How to prepare

Independently reprice a vanilla and an exotic derivative and compare with a reference
Learn interest rate risk in the banking book measures and their model assumptions
Study how market risk models such as VaR are backtested and validated
Get familiar with the role of market risk and trading platforms in model implementation

What to study

The Model Validation Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on Westpac’s site before applying: requirements, location and pay can change after we check them.

View the posting on Westpac’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Westpac and doesn’t handle applications.