Description:
Description- Australia based location
- Full-time, permanent opportunity and hybrid working arrangements
- Be responsible for leading the Risk team as part of the Risk and Regulatory portfolio delivery risk team in the Consumer COO
How will I help?
As a Portfolio Risk Director at Westpac, you will play a pivotal role in leading the risk and regulatory risk team. You will be responsible for implementing and embedding robust risk management frameworks, policies, and controls across various programs within the Consumer Division. Your expertise will ensure a consistent and prioritised approach, aligning with the Group’s policies, frameworks, and regulatory expectations. By delivering comprehensive risk management solutions, you will help safeguard our operations and support our commitment to regulatory compliance and excellence.
Reporting to the Head of Risk & Regulatory Portfolio Delivery, your key responsibilities will include:
- Portfolio Risk Management:
- Align project risk management practices with frameworks, guidelines, policies, risk strategy, regulatory obligations, and Group appetite.
- Reporting risk impacts of change initiatives across the Consumer Division Risk & Reg portfolio.
- Regulatory Integration: Identification and monitoring of adherence to regulatory obligations, by ensuring obligations are considered through scope design, amendments and change requests.
- Risk in Change: Assessment of delivered risk from each program in the Risk and Regulatory Delivery Program (and broader COO Programs), including coordination with Lines of Business (LOB) BCM teams and facilitation of required risk deliverables.
- Risk Advice: Guidance, assessment and advice on inherent and emerging risks in each program.
- Control Optimisation: Promotion of automated preventative controls where possible.
- Centre of Excellence (CoE): Develop and embed CoE risk practices for the Consumer COO Risk & Regulatory Delivery portfolio as well as LoB R&R proof points. Collaborate with LOBs and Value Chain Management (VCM) Hubs to ensure consistency, efficiency, and regulatory alignment.
- Risk Culture: Supporta strong risk culture within Risk & Reg Portfolio, including self-raising of issues and incidents. Uphold ethics and integrity while balancing commercial and customer needs.
What’s in it for me?
As a Portfolio Risk Director at Westpac, you'll lead a team of three, including two Risk in Change specialists and one Regulatory Integrations expert. Your role will be crucial in implementing and embedding risk management frameworks, policies, and controls to ensure alignment with the Group’s policies and regulatory expectations.
You'll have the opportunity to influence strategic decisions and contribute to the stability of our risk management practices. Westpac offers a collaborative environment that values continuous learning and development, providing opportunities for career advancement within one of Australia's leading financial institutions.
Additionally, whatever shape your family takes, we will 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 will pay your super contributions while you take all the time you need to get your new family settled.
What do I need?
To excel as a Portfolio Risk Director at Westpac, you will need a strong background in risk management, particularly in managing and monitoring Level 2 and Level 4 risk taxonomies within a Risk & Regulatory Portfolio. You should have extensive experience in investment risk oversight and a deep understanding of regulatory requirements. Exceptional communication skills are essential, as you will be responsible for articulating the overarching risk position of the Consumer Division Risk & Regulatory portfolio to senior stakeholders. A strategic mindset, coupled with the ability to influence and drive risk-aware decision-making, will be crucial for success in this role.
You will also need:
- Proactive Risk Management: Expertise in driving the Risk in Change capability of the portfolio with proactive management of delivery risk through change execution.
- Policy and Framework Knowledge: In-depth understanding of policy, framework, standard, and Target Operating Model changes, and the ability to provide the central Consumer Division voice of risk for the Risk & Regulatory portfolio.
- Collaboration Skills: Experience working with Line 1 LOB BCM and Line 2 Risk and Compliance teams to ensure support on changes for the Risk & Regulatory portfolio.
- Attention to Detail: Ability to provide input into the quality of JUNO records and updates to drive a risk-focused culture where required.
- Coaching and Support: Capability to coach and support the business to build greater risk awareness and capability.
- Control Environment Knowledge: Proficiency in enabling the effective assessment of delivered risks, as well as designing and implementing controls to manage risk through knowledge of the control environment.
- Stakeholder Partnership: Strong ability to partner with stakeholders to identify and enable more efficient and effective risk practices in the business.
These skills and experiences will ensure you can effectively manage and mitigate risks within the Consumer Division Risk & Regulatory portfolio, driving a culture of risk awareness and proactive risk management.
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
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