Risk Management Specialist, Product and Pricing Village

1 month ago

Sydney, New South Wales, Australia Westpac Group Full time
About Westpac Group

At Westpac Group, we're passionate about creating a supportive culture that values diversity and flexibility – and champions inclusion. Our purpose is to create better futures together, and we believe in empowering our employees to shape their career paths through personalised upskilling, mentoring, and training opportunities.

Estimated Salary: AU$120,000 - AU$180,000 per annumJob Description:Risk Management Specialist Role Overview

We are seeking an experienced Risk Management Specialist to join our Product and Pricing Village team at Westpac Group. As a key member of our team, you will be responsible for supporting the implementation and adherence to risk management frameworks, policies, and controls across Cash and Transactional Banking (C&TB). This includes providing risk expertise in navigating incident and issue rectification, remediation, and regulatory updates.

Your primary focus will be on ensuring C&TB risk management practices align to the frameworks, policies, risk strategy, regulatory obligations, and appetite of the Line of Business (LoB), Division, and Group. You will work closely with stakeholders to stay abreast of changes to policy requirements/guidance and support the Product and Pricing Village in understanding and embedding these changes.

Main Responsibilities:
  • Ensure C&TB risk management practices align to the frameworks, policies, risk strategy, regulatory obligations, and appetite of the LoB, Division, and Group
  • Provide risk expertise in navigating incident and issue rectification, remediation, and regulatory updates
  • Support the Product and Pricing Village in understanding and embedding changes to policy requirements/guidance
  • Lead incident verification and root cause analysis activities
  • Facilitate effective collation of information to support compliance assessment
  • Enhance issues and incident management practices
  • Monitor and track sustainable rectification and remediation
Requirements:
  • Bachelor's degree in a relevant field or equivalent experience
  • Experience in risk management, banking or financial services
  • Strong commercial acumen with a relevant Tertiary qualification
  • Experience in a material risk policy component related to the relevant risk class
  • Strong skills in influencing, negotiating, relationship building and maintenance, teamwork and collaboration, adaptability
  • Proactive, organised, outcomes and customer focused
Benefits:

As a Risk Management Specialist at Westpac Group, you will enjoy a range of benefits including competitive remuneration, flexible working arrangements, and access to a wide range of employee benefits to help you manage your priorities. We empower our employees to shape their career paths through personalised upskilling, mentoring, and training opportunities, and offer generous paid and unpaid parental leave for your nominated primary and support carers.

You'll also have the opportunity to work in a collaborative team environment with passionate people who share your ambition to make a difference for our customers, our communities and each other.

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