About Company
Westpac is Australia’s oldest bank and company, and one of the largest banking organizations in New Zealand. With a history spanning over 200 years, Westpac has grown into a leading financial services institution dedicated to helping its 14 million customers prosper. We offer a comprehensive range of banking and financial services, including consumer, business, and institutional banking and wealth management. Our commitment extends beyond financial products; we are deeply invested in the communities we serve, fostering economic growth and social well-being through responsible business practices, innovation, and a strong focus on our people. Joining Westpac means becoming part of a diverse and inclusive team that values integrity, collaboration, and a relentless pursuit of excellence.
Job Description
We are seeking an experienced and proactive Risk Manager to join our team in Makakilo, Kapolei, with an immediate start. This critical role is designed for a strategic thinker with a robust understanding of financial risk management principles and practices, ideally within the banking sector. The successful candidate will be instrumental in identifying, assessing, mitigating, and monitoring financial and operational risks across various business units. You will develop and implement risk management frameworks, policies, and procedures, ensuring compliance with both internal guidelines and external regulatory requirements. This position demands a keen eye for detail, exceptional analytical skills, and the ability to communicate complex risk concepts clearly to diverse stakeholders. You will contribute significantly to Westpac’s commitment to maintaining a strong risk culture and safeguarding our operations and customer trust. If you thrive in a dynamic environment, possess a strong ethical compass, and are ready to make an immediate impact, we encourage you to apply.
Key Responsibilities
- Develop, implement, and maintain comprehensive risk management frameworks, policies, and procedures in alignment with regulatory standards and internal strategies.
- Conduct thorough risk assessments, including identifying, analyzing, and evaluating potential financial, operational, and strategic risks.
- Design and implement effective risk mitigation strategies and controls, continuously monitoring their effectiveness.
- Prepare detailed risk reports and present findings to senior management, providing actionable insights and recommendations.
- Ensure ongoing compliance with relevant local and international financial regulations and internal governance requirements.
- Collaborate with various business units to embed risk awareness and best practices across the organization.
- Lead and participate in incident management and root cause analysis following risk events.
- Provide expert guidance and training to staff on risk management principles and practices.
- Stay abreast of industry best practices, emerging risks, and regulatory changes to proactively adjust risk strategies.
Required Skills
- Minimum of 5 years of experience in risk management within the financial services industry.
- Strong understanding of financial products, operations, and regulatory environments.
- Demonstrated expertise in developing and implementing risk management frameworks and methodologies.
- Excellent analytical, problem-solving, and decision-making abilities.
- Superior written and verbal communication skills, with the ability to articulate complex concepts clearly.
- Proficiency in risk management software and tools (e.g., GRC platforms).
- Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
Preferred Qualifications
- Master’s degree or professional certifications (e.g., FRM, PRM, CFA).
- Experience with regulatory compliance in diverse jurisdictions.
- Proven track record of managing risk in a large, complex organization.
- Ability to lead and influence cross-functional teams effectively.
- Familiarity with data analytics and reporting tools.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance.
- 401(k) matching and retirement planning assistance.
- Generous paid time off and holidays.
- Professional development and continuing education opportunities.
- Employee assistance program and wellness initiatives.
- Dynamic and supportive work environment.
How to Apply
Interested candidates are encouraged to click on the application link below to submit their resume and a cover letter detailing their relevant experience and qualifications for this role. We look forward to reviewing your application.