Manager, Surveillance

at  WESTPAC BANKING CORPORATION

JOB DESCRIPTION

Westpac Group Risk plays a critical role in identifying, monitoring, and managing a range of risks. We provide expert advice and help our business partners make informed decisions. We ensure that however or wherever we operate, we have controls and frameworks to protect our business and our customers.
The role is responsible for supporting the 2nd Line Monitoring and Surveillance function to develop and undertake planned and ad-hoc monitoring activities focused on the Westpac Institutional Bank.
This includes building and maintaining the governance structure of the department, assisting with next-generation surveillance updates and developments, conducting in-depth reviews, as well as periodic qualitative reviews. This ensures compliance risks are managed within appetite.

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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, genders, sexual orientation, cultural backgrounds, people with disability, neurodiverse individuals, and Indigenous Australians to apply. If an adjustment is required to assist you during our recruitment process, please email talentacquisition@westpac.com.au

• Support in driving “next generation” monitoring and surveillance strategy and framework, to provide the most efficient and insightful risk identification, with a focus on Westpac Institutional Bank ("WIB").
• Maintaining the framework, policies, procedures, document libraries, model depositories, training register and meeting minutes.
• Contributing to a strong team culture and spirit of innovation within Westpac’s Monitoring and Surveillance to ensure the ongoing improvement and refinement of a cutting-edge function.
• Provide ongoing review of broad Key Risk Indicators to identify events that warrant in-depth reviews, with a focus on Commodities, FX, MMKT transactions, fixed income and derivatives.
• Undertake in-depth reviews on key risks, with flexibility to devote sufficient time to identify more systemic behaviours.
• Ensure significant risks are identified with maximum efficiency, comprehensively investigated and promptly escalated.
• Participate in and contribute to the ongoing tactical prototype builds, and strategic projects and activities to develop and enhance Surveillance
• Provide analysis of regulatory requirements and developments relevant to WIB to ensure appropriate compliance monitoring and surveillance is in place (in collaboration with other Compliance, Risk and Business stakeholders).
• Develop and maintain relationships with Front Office, Control Room, Middle Office, Market Risk, Product Specialists and local/country compliance etc.
• The role will have no direct reports however will work closely with colleagues in the business and WIB Compliance.
• The role is part of Westpac’s commitment that we are doing the right thing by our employees, customers and shareholders in order to meet our legal and regulatory obligations.