Description:
Description- Permanent Full time
- Sydney Location
- Hybrid working model
How will I help?
The purpose of this role is to measure Westpac’s existing and emerging operational risks.
The role holder will support compliance with Prudential Standards APS 115 Capital:
Standardised Measurement Approach to Operational Risk, Prudential Standard CPS 230 Operational Risk Management, Prudential Standard APS 330 Pillar 3 disclosures, ensuring leading practice is defined and implemented consistently across the Group in line with regulatory requirements and Board expectations, and work with other Risk teams to ensure that the Group's operational risk measurement activities are appropriately executed.
Key Accountabilities include:
- Support the Group’s approach to Operational Risk Measurement (ORM), ensuring leading practice is defined and implemented consistently across the Group in line with regulatory requirements and Board expectations.
- Support the Executive Manager Operational Risk Measurement to perform day to day tasks and analysis required to support the ORM teams’ broader objectives.
- Inform the assessment of existing and emerging operational risks, using historic loss analysis and forward-looking scenario analysis.
- Manage and uplift Group’s Internal Loss Data (ILD) reconciliation process ensuring General Ledger and JUNO are in synch with the financial impact of the losses.
- Manage submission of ILD data to the third party ORX (Operational risk exchange) based on the submission procedures agreed with ORX.
- Be responsible for downloading, maintaining External Loss Data (ELD) received from ORX.
- Perform data analytics and insights-based reporting on ILD and ELD data to create a loss data experience analysis story and inform ORM leadership and divisional stakeholders about the emerging trends and the “So What” of the data.
What’s in it for me?
You’ll play a significant part of the future of a business that has been around for 200 years. Our purpose is to create better futures together. So, we’ll back you in the development of your career, internal career prospects, and flexible working. You’ll also keep learning to grow your career, backed by a fantastic team of people with a can-do, supportive structure.
Whatever shape your family takes, we offer generous paid and unpaid parental leave for your nominated primary and support carers. This includes leave to organise adoptions, surrogacy, and foster care arrangements. And we continue to pay your super contributions while you take all the time you need to get your new family settled.
What do I need?
- A relevant undergraduate degree from a recognised university is desirable
- 3+ years’ experience in data analysis or quantitative modelling is a must.
- Experience working in financial services.
- Strong stakeholder management and engagement
- High level of use with data tools such as Power BI, Tableau, Alteryx, SQL
- Demonstrable experience leading change
- Knowledge of risk management disciplines
- Knowledge and experience in risk measurement or capital management preferred
What’s it like to work there?
We are a collaborative team of passionate people with a shared ambition to make a difference for our customers, our communities and each other. At Westpac, making a difference means creating impact, unlocking our own and each other’s passions, and transformative success stories to create better futures together.
As well as competitive remuneration and a great culture, joining the Westpac family gives you access to a wide range of employee benefits to help you manage your priorities - whether that means family life, work/life balance, ambition to grow or all the little perks in between.
We’ll empower you to shape your career path. Through personalised upskilling, mentoring, and training opportunities, you’re in control of where you start and how you’ll grow.
As an equal opportunity employer, we are proud to have created a culture and work environment that values diversity and flexibility – and champions inclusion.
Hear from some of our people and their experiences working with us.
How do I apply?
Start here. Just click on the APPLY or APPLY NOW button.
At Westpac, we’re all about creating a supportive culture and ensuring our workplaces, branches, products, and services are accessible and inclusive for everyone—our customers, employees, and the wider community. If you’re interested in discussing workplace flexibility, please feel free to mention it in your application.
We invite candidates of all ages, genders, sexual orientation, cultural backgrounds, people with disability, neurodiverse individuals, veterans and reservists, and Indigenous Australians to apply. If you have questions about the recruitment process, please email talentacquisition@westpac.com.au.
Do you need reasonable adjustments during the recruitment process?
We can provide reasonable adjustments for individuals with disability and/or neurodiversity. If you require an adjustment to be made during the recruitment process at any stage, please email talentacquisition@westpac.com.au