Risk and Compliance Lead



Risk and Compliance Lead Role: Risk & Compliance Lead (1st Line Risk) Business Unit: Group Data Reports to: Director, Group Data – Projects and Ventures Type: Full-time, Fixed Term (24 months) How will I help? In this role you will support the implementation and ongoing management and reporting of risk and compliance obligations in the 1st Line of Defence, including the implementation and embedding of the Operational Risk Management Framework and the Compliance Management Framework. You will be accountable for promoting and driving a strong risk and controls culture that optimises risk/reward, ensures risk and compliance are a key consideration in key decisions and therefore, helps achieve business objectives. Responsibilities: • Advise the business and help identify, monitor, measure and manage its risks and controls and provide pragmatic, outcome-focussed risk and control solutions to optimise risk/reward balance.

• Drive and facilitate key risk processes e.g. Risk and Control Assessment, incident management and issues, providing ACCORD support and reporting as required.

• Assist business leadership to drive a risk and compliance culture and awareness in day-to-day business decisions and business strategic initiatives, control and compliance implications of key projects and change management initiatives to drive the timely and cost-effective incorporation of future controls. • Understand compliance obligations outlined in the Business Obligation and Action Plans and advise the business on the implementation and application of business level compliance controls. • Coach and support business resources in how to apply the controls, self-assessment and compliance obligations; utilising various coaching and training methods i.

e. facilitating workshops to identify control related issues and aid in the development of solutions and remediation plans. • Actively contribute to and participate in Risk and Compliance Community of Practice, sharing challenges, insights and learnings.

• Identify key controls to be incorporated into business processes / systems subject to change; • Ensure that key system controls are built and operating effectively through the specification of Test Cases and monitoring for successful test outcomes • Provide advice to projects to ensure their compliance with Westpac Group Operational Risk in Project requirements; • Design effective testing for changes to existing and new controls • Evaluate the appropriateness of risk acceptance decisions (including the appropriateness of handover of manual workarounds to Business as Usual teams) • Assists programme / project leadership to drive a strong, embedded risk culture that helps achieve the program objectives, built into day-to-day activities. • Obtaining ownership acceptance for new controls What do I need? • 2 years of specific business/operations experience in a relevant area of the same or a.

Westpac Group
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12 Nov 2019


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