Description Create your best future and join Westpac as a Dealing Room Risk Manager / Senior Manager - Commodities, Trade & Transition (CTT) What’s the role? As a Dealing Room Risk Manager / Senior Manager within Commodities, Trade & Transition (CTT), you’ll lead second line market risk governance and oversight for physical and financial commodity trading activities across agriculture, energy, carbon, base and precious metals, and electricity markets. You’ll partner closely with Front Office, Treasury, Technology and Finance to support the responsible growth of the commodities business through strong risk discipline. You’ll design and maintain robust market risk frameworks, including risk limits, stress testing, risk factor sensitivities, valuation oversight, and early warning indicators. A key focus of the role is independent oversight of traded market risk, ensuring exposures remain within risk appetite and that appropriate controls are in place for new and existing trading strategies. You’ll provide independent challenge and expert advice to senior stakeholders, contribute to the development of risk policies and governance forums, and support the implementation of best-in-class risk analytics and reporting. This is a permanent full-time Sydney-based role, with flexible work options (3 days in office). What do I need? 7–10 years’ experience in commodities market risk, commodity trading, or related control functions within a global financial institution, commodity merchant, or hedge fund. Deep understanding of both physical and financial commodity markets, including delivery logistics, storage, basis risk, and operational risk considerations. Strong capability in market risk governance, policy development, and risk limit frameworks. Expertise in market risk metrics including VaR, stress testing, scenario analysis, and risk sensitivities (Greeks). Experience designing and overseeing monitoring frameworks, including KRIs, KPIs, performance triggers, and early warning indicators. Familiarity with valuation oversight, including commodity curve construction, volatility surface calibration, and basis adjustments. Strong senior stakeholder management skills, providing independent challenge and advice to Front Office and governance forums. Proficiency in risk systems (e.g. Murex) and analytical tools (e.g. Python, SQL, Excel). A degree in a quantitative field (e.g. Finance, Economics, Mathematics, Engineering); certifications such as CFA or FRM are highly regarded. Familiarity with Australian market risk regulation – particularly APS116, APS117 and APS180. Why join us? We’re obsessed with becoming our customers’ 1 banking partner 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 you 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 .
