Reporting Analyst, Financial Markets

**Opportunity to join Westpac’s Institutional Bank**:

- **Established career path and progression opportunities**:

- **Sydney Based**

**How will I Help?**

The Financial Markets business is a division of Westpac’s Institutional Bank (WIB) and trades a range of derivative products both locally and internationally of which have regulatory reporting obligations.

The role of the Reporting Analyst is to ensure that derivative reports delivered to regulators each day are sent on time, complete and accurate. To achieve this, the Reporting Analyst plays a key role by actioning exception queues, performing reconciliations, monitoring controls, and undertaking a series of procedural tasks on a daily and periodic basis e.g., monitoring and review of all processes and controls within GDR reporting. Products which the Reporting Analyst will oversee include Interest Rate, FX, Credit, Equity and Commodities derivatives.

Operations Execution
- Perform reconciliations between Westpac systems and the Trade Repository to ensure the reporting of trades are complete.
- Take full ownership of daily operational tasks and ad-hoc requests relating to your role and assist others in the team when required.
- Resubmissions of trade reports that do not pass validations at the Trade Repository.
- Record and publish statistics on trade submissions across the control framework and identify opportunities to further reduce risk.
- Act as a checker for the work being performed by other team members.
- Completion of the day-to-day trade reporting enrichment process within set timeframes.
- Ensure all procedures, policies and controls are being adhered to - protecting the firm’s reputation.
- Escalation of issues are notified to their people leader within team guidelines.
- Drive and maintain a strong risk culture with a relentless focus on minimising regulatory reporting risk.
- Complete all relevant online compliance training within agreed time frames.

Risk management
- Monitor and review all processes and controls within GDR reporting.
- Create periodic management reports covering controls and exceptions.
- Review exception analytics and recommend actions plans to address issues.

**What’s in it for me?**

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?**

To be successful you will have the following:

- 2-3 years industry experience in an Operations environment and / or an interest in or understanding of Financial Markets Products and Business Activities preferred but this role can be suitable for various backgrounds and experience.
- Inquisitive mindset with a problem-solving focus
- Interest in or experience with Global Derivatives Reform regulations such as ASIC and CFTC.
- Experience in the management of exceptions and reducing operational risk.
- Microsoft Excel skills with the ability to manage large data sets. For example, working knowledge of VLOOKUPs, Pivot tables and check balances.
- Product Knowledge of Debt Market Products (preferred) FX or Rates derivatives desirable.
- Customer experience focus & etiquette
- Effective communications skills with stakeholders at all levels.

**What is it like to work there?**

At the Westpac Group, we’re building a simpler, stronger bank, A bank that is here to help Australians succeed - this means helping our people, customers and communities to prosper and grow. We’ve been helping for over 200 years and our values help build on everything that’s great about us - and change the bits that aren’t.

Westpac Institutional Bank manages the financial needs of corporate, institutional and government clients that are based, or have interests in, Australia and New Zealand. We are a leading provider of wholesale banking services in the area, with an increasing presence in the Asia/Pacific region.