Job Overview & Organization Mission

Assess, structure, and recommend credit decisions for complex mid-market and enterprise commercial lending portfolios at Westpac.

Westpac Group is looking for an experienced Senior Commercial Credit Risk Analyst to join our Commercial Credit Approvals team at Westpac Place, Sydney. You will partner with commercial relationship bankers to analyze financial statements, assess debtor repayment capacity, structure syndicated debt facilities, and ensure portfolio resilience in line with APRA prudential standards.

As a key member of the team at Westpac Group in Sydney, NSW, you will play a central role in driving excellence, upholding top-tier Australian industry standards, and contributing directly to the strategic milestones of one of the nation’s premier employers.

Key Duties & Core Responsibilities

In this critical role, your operational duties and key performance responsibilities will encompass:

• Perform rigorous: Perform rigorous financial analysis, sensitivity modeling, and debt-serviceability evaluations for loan facilities exceeding $10M+.
• Formulate detailed: Formulate detailed credit assessment memoranda with clear risk mitigation recommendations for Credit Committees.
• Assess borrower: Assess borrower governance, supply chain vulnerabilities, industry macroeconomics, and collateral security valuations.
• Monitor ongoing: Monitor ongoing borrower covenant compliance, annual review triggers, and early warning indicator triggers.
• Ensure adherence: Ensure adherence to internal lending policies and APRA Prudential Standards (APS 220 Credit Risk Management).

Required Qualifications, Licenses & Experience

To be successful in this position at Westpac Group, candidates are expected to satisfy the following essential selection criteria:

• Mandatory Qualification: Degree in Commerce, Finance, Accounting or Economics (CA/CPA or CFA desirable).
• Relevant Experience: Minimum 5+ Years of verified industry experience in Australia or recognized overseas equivalence.
• 5+ years of credit risk underwriting or commercial lending analysis experience in an Australian bank.
• Demonstrated mastery of balance sheet, profit & loss, and dynamic discounted cash-flow modeling.
• In-depth knowledge of Australian corporate insolvency laws, security documentation, and PPSR registrations.
• Strong communication and negotiation skills with senior commercial stakeholders.

Core Competencies & Key Technical Proficiencies

The successful applicant will possess demonstrated capabilities across the following domain skill sets:

Salary, Compensation & Employee Benefits

At Westpac Group, we understand that our people drive our achievements. An outstanding remuneration and wellbeing package is provided in line with Australian benchmarks:

• Competitive Remuneration: AU$135,000 – AU$165,000 per year + standard Australian Superannuation (11.5%).
• Salary $135,000 – $165,000 + annual short-term incentive (STI) banking bonus.
• Subsidized banking services, superannuation matching, and corporate lifestyle discounts.
• Prime Barangaroo-adjacent Kent Street headquarters with cutting-edge amenities and hybrid options.
• Leave Entitlements: 4 weeks annual leave (with 17.5% annual leave loading where applicable) plus 10 days paid personal/carer’s leave.
• Flexible Work: Progressive work-life balance options with supportive corporate culture and leadership development pathways.

About the Employer: Westpac Group

Westpac Group is one of Australia’s big four banks, serving over 13 million customers across retail, commercial, and institutional banking.

Westpac Group is deeply committed to building diverse, equitable, and culturally inclusive work environments. We proudly celebrate diversity and welcome applications from all qualified individuals including First Nations Australians, people with disabilities, and candidates from culturally and linguistically diverse backgrounds.

Application Process & Next Steps

Applications for this position are currently open and being reviewed on a rolling basis. Suitable candidates are encouraged to apply as early as possible before the published closing date.

Please prepare an updated Curriculum Vitae (CV) and a tailored Cover Letter highlighting your relevant experience against the key selection criteria outlined above.

To proceed with your application, click the Apply on Employer Site button to access the official Westpac Group careers gateway.