About Company
Westpac Banking Corporation is Australia’s first bank and first company, with a rich heritage dating back over 200 years. We are a leading financial services organization, providing banking, wealth management, and insurance services across Australia, New Zealand, and the Asia Pacific region. At Westpac, we are committed to helping our customers, communities, and people prosper. We foster a culture of integrity, innovation, and customer-centricity, empowering our teams to make a real difference. While our primary operations are focused within our core markets, we continuously seek talent globally that embodies our values and dedication to financial excellence. Joining Westpac means becoming part of a diverse and dynamic team that is dedicated to building a brighter future through sound financial practices and community engagement. We believe in providing opportunities for growth and development, ensuring our employees have the resources and support to succeed.
Job Description
Are you a meticulous financial professional with a keen eye for detail and a passion for risk assessment? Westpac Banking Corporation is seeking a dedicated and experienced Credit Officer to join our dynamic team. While Westpac’s primary retail presence is outside the U.S., this role represents an opportunity to contribute to our global standards of financial rigor and excellence, focusing on credit analysis and risk management frameworks that support our broader operations. As a Credit Officer, you will play a crucial role in evaluating credit applications, assessing the financial health of clients, and making informed decisions to mitigate risk while facilitating growth. You will be responsible for a thorough review of financial statements, collateral, and business plans, ensuring adherence to Westpac’s robust credit policies and regulatory requirements. This position demands strong analytical abilities, exceptional judgment, and clear communication skills to articulate credit decisions and recommendations effectively. The ideal candidate will thrive in a fast-paced environment, possess a deep understanding of financial markets and lending principles, and be committed to upholding the highest standards of ethical conduct. We are looking for someone who can work autonomously while also collaborating effectively with various stakeholders to achieve shared objectives. This is an exciting opportunity to apply your expertise within a globally recognized financial institution committed to prosperity and responsible banking.
Key Responsibilities
- Conduct comprehensive credit assessments for new and existing clients, analyzing financial statements, cash flow projections, and business models.
- Prepare detailed credit proposals and present recommendations to senior management and credit committees.
- Identify, evaluate, and mitigate potential credit risks in line with Westpac's credit policies and regulatory guidelines.
- Monitor client portfolios for changes in financial condition or market trends that may impact credit risk.
- Maintain up-to-date knowledge of industry trends, economic conditions, and regulatory changes affecting credit risk management.
- Collaborate with sales and relationship managers to structure appropriate credit solutions for clients.
- Ensure all credit decisions and documentation comply with internal policies and external regulations.
- Participate in the continuous improvement of credit processes and risk management frameworks.
- Communicate effectively with clients and internal stakeholders regarding credit terms and conditions.
Required Skills
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Minimum of 3 years of experience in credit analysis or a related financial services role.
- Proven ability to analyze complex financial statements and business models.
- Strong understanding of credit risk principles, lending products, and financial regulations.
- Excellent analytical, problem-solving, and decision-making skills.
- Proficiency in financial modeling and Microsoft Office Suite (especially Excel).
- Exceptional written and verbal communication skills.
- Ability to work independently and as part of a team in a dynamic environment.
Preferred Qualifications
- Master's degree or professional certification (e.g., CFA, FRM).
- Experience with commercial lending or corporate credit.
- Familiarity with global financial markets and international banking practices.
- Experience with credit risk management software and systems.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance.
- Generous paid time off and holidays.
- Retirement savings plan with company matching contributions.
- Opportunities for professional development and career advancement.
- Employee assistance program for personal and professional support.
- A supportive and collaborative work environment.
- Access to financial wellness programs.
How to Apply
Interested candidates are encouraged to apply by clicking on the application link below. Please ensure your resume and cover letter clearly outline your relevant experience and qualifications for this role. Only shortlisted candidates will be contacted for an interview.