Senior Manager, Operational & Credit Risk, Group Audit
- Recruiter
- Westpac Group
- Location
- Sydney, New South Wales, Australia
- Salary
- Competitive salary
- Posted
- 02 Dec 2020
- Closes
- 06 Dec 2020
- Ref
- SYD69479
- Job role
- Audit, Compliance/risk
- Experience level
- Manager
How will I help?
This is a key role in the Operational Risk team in Group Audit which assesses the effectiveness of enterprise level
risk management frameworks, oversight, and implementation; as well as topical areas such as risk culture and value chain risk management. The role is also intended to support our specialist Credit Risk team, particularly their coverage of retail credit portfolio risk management practices and controls.
This is a unique opportunity for an individual to leverage their auditing experience and capability to help the two teams succeed, while also gaining unique knowledge and insights from key risk specialists within internal audit at Westpac.
Key accountabilities:
• Lead, manage and where needed, execute audits. This includes:
- determining the scope for testing design and operating effectiveness of controls and planning the review approach
- managing an audit team to ensure effective application of the audit methodology
- overseeing the delivery of audits including framing and communication of issues, recommendations and reports
- collaborate with other Group Audit subject matter experts (e.g. project risk, data analytics, model risk, compliance) to ensure the broader audit program is delivered in a professional, coordinated and efficient manner.
• Develop insights for audit reporting and key messages reported to the Westpac Group Board Audit Committee on areas of weakness in credit and operational risk management processes.
• Monitor projects, issue management, emerging risks or concerns to develop a strong understanding of the portfolios and ensure our audit plan remains suitable.
• Develop and coach staff.
What's in it for you?
You will build your profile internally with senior stakeholders and be part of the future of a business that has been around for 200 years . You'll be working for an organisation that supports development, internal career moves and flexible working. Along with competitive salary, you'll receive Westpac's generous benefits and a whole array of customer discounts.
What do I need?
• 10+ years financial services industry and assurance experience, ideally with good knowledge of the end-to-end retail lending risk activities (e.g. credit, compliance and operational risks applicable to consumer lending products).
• Good commercial judgment, including the ability to evaluate the likely impact of control weaknesses and any emerging risks on lending
portfolio quality, operational risks, and regulatory compliance.
• Good leadership, organisational and time management skills as well as demonstrated ability to continuously adapt and learn
• Good stakeholder engagement skills including proven communication (written and verbal) skills and the ability to build relationships and
exert influence without direct authority
• Understanding of Australian regulatory obligations for credit and operational risk management (e.g. CPS 220, APS 115, APS 220 & 221, NCCP/responsible lending/Banking Code of Practice)
What's it like to work there?
You'll join one big, supportive team - but you'll also be doing your bit to reach our vision to become one of the world's greatest service companies. As an equal opportunity employer, we celebrate difference and love having a diverse and inclusive workplace.
How do I apply?
Start here. Just click on the APPLY button.
As part of our commitment to creating a diverse and inclusive workplace, this role is open to experienced candidates seeking a discussion around workplace flexibility. We invite candidates of all ages, people with a disability and Indigenous Australians to apply.
This is a key role in the Operational Risk team in Group Audit which assesses the effectiveness of enterprise level
risk management frameworks, oversight, and implementation; as well as topical areas such as risk culture and value chain risk management. The role is also intended to support our specialist Credit Risk team, particularly their coverage of retail credit portfolio risk management practices and controls.
This is a unique opportunity for an individual to leverage their auditing experience and capability to help the two teams succeed, while also gaining unique knowledge and insights from key risk specialists within internal audit at Westpac.
Key accountabilities:
• Lead, manage and where needed, execute audits. This includes:
- determining the scope for testing design and operating effectiveness of controls and planning the review approach
- managing an audit team to ensure effective application of the audit methodology
- overseeing the delivery of audits including framing and communication of issues, recommendations and reports
- collaborate with other Group Audit subject matter experts (e.g. project risk, data analytics, model risk, compliance) to ensure the broader audit program is delivered in a professional, coordinated and efficient manner.
• Develop insights for audit reporting and key messages reported to the Westpac Group Board Audit Committee on areas of weakness in credit and operational risk management processes.
• Monitor projects, issue management, emerging risks or concerns to develop a strong understanding of the portfolios and ensure our audit plan remains suitable.
• Develop and coach staff.
What's in it for you?
You will build your profile internally with senior stakeholders and be part of the future of a business that has been around for 200 years . You'll be working for an organisation that supports development, internal career moves and flexible working. Along with competitive salary, you'll receive Westpac's generous benefits and a whole array of customer discounts.
What do I need?
• 10+ years financial services industry and assurance experience, ideally with good knowledge of the end-to-end retail lending risk activities (e.g. credit, compliance and operational risks applicable to consumer lending products).
• Good commercial judgment, including the ability to evaluate the likely impact of control weaknesses and any emerging risks on lending
portfolio quality, operational risks, and regulatory compliance.
• Good leadership, organisational and time management skills as well as demonstrated ability to continuously adapt and learn
• Good stakeholder engagement skills including proven communication (written and verbal) skills and the ability to build relationships and
exert influence without direct authority
• Understanding of Australian regulatory obligations for credit and operational risk management (e.g. CPS 220, APS 115, APS 220 & 221, NCCP/responsible lending/Banking Code of Practice)
What's it like to work there?
You'll join one big, supportive team - but you'll also be doing your bit to reach our vision to become one of the world's greatest service companies. As an equal opportunity employer, we celebrate difference and love having a diverse and inclusive workplace.
How do I apply?
Start here. Just click on the APPLY button.
As part of our commitment to creating a diverse and inclusive workplace, this role is open to experienced candidates seeking a discussion around workplace flexibility. We invite candidates of all ages, people with a disability and Indigenous Australians to apply.
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