Job Description

Role Title: Senior Manager, Financial Crime & Fraud Risk Frameworks

Role location: London

About Westpac We are Australia’s first bank and oldest company, and one of four major banking organisations in Australia. This opportunity sits in our London office working for Westpac Institutional Bank (WIB), the division of Westpac, which services the needs of our corporate, institutional, and governmental clients.

How will I help?

The purpose of this role is to lead the WIB FCF 1LOD function for Europe and Americas (E&A) (UK, US and Germany), acting as single point of contact (SPOC) for the engagement with business teams regarding key client risk issues, supporting implementation of strategic change programs and driving consistent risk assessment and management processes for E&A. This role will support the establishment of a ‘single view of risk’ across the division and Lines Of Business (LOBs) – Corporate and Institutional Banking and Financial Markets. The role supports governance, oversight and strategic direction for financial crime frameworks, ensuring alignment with the broader Group.

Key Accountabilities

• Owner of 1LOD execution rather than advisory roles covering key areas such as:
  • Owner of Financial Crime controls on behalf of the business and across UK, Germany and US
  • Lead in Operationalising Financial Crime Regulatory Change and engaging with key stakeholders to ensure compliance.
  • SME for policy review of group and regulatory AML policy changes ensuring outcome is proportional, appropriate and commercially aligned to industry standards (e.g. EU AML reform).
  • Acting as single point of contact (SPOC) for the engagement with business teams regarding key client risk issues, working additionally with the Australia-based WIB FCF Centralised teams
  • Driving the standardisation of quarterly risk assessment (global view of risk) and customer risk assessments. Aid the standardisation, maintenance and enhancement of WIB’s financial crime risk policy approach
  • Escalation point for review and challenge of Financial Crime implications of engaging with client, trigger review or deal.
• Ensure financial crime risk frameworks and programs are effective, sustainable and compliant
• Embedding ‘single view of risk’ and risk-based approach across LOBs
• Maintaining close working relationships with key stakeholders, global teams and 2LOD to implement FC controls

What’s in it for me? 

You’ll be joining a highly supportive and collaborative team with international coverage during a period of Group Executive backed growth plans for WIB. You’ll be working in a collaborative and supportive team and work with senior stakeholders across our international offices.

Westpac offers a comprehensive range of benefits including a range of health, wellbeing, lifestyle, and financial benefits.

What do I need?

Essential

• Understanding of complex client structures particularly Financial Institutions
• Experience in similar Investment Banking organization covering Financial Markets and Lending Products
• Experience of working globally and with relevant experience of UK, US and Germany

Desirable

• Risk or Compliance experience 5-8 years
• CAMS or ICA certification
• Experience with data analysis and presentations to senior stakeholders
• Experience working with regulators, assessing policy change and operationalizing procedures
• Project Management Skills and operating model design
• Previous ownership of Financial Crime Controls and understanding of Risk Management Frameworks

What’s it like to work here? 

When you join, you’ll become part of the broader Westpac family – where we aim to be a friendly, switched-on team working for a single purpose - Creating Better Futures Together – it’s what we do, who we are and why we come to work every day. As an equal opportunity employer, we’re proud to have created a culture where people can be their best, in an environment that values diversity and flexibility.

Within Westpac, you will be part of the Institutional Banking division, where our vision is to be a high performing and innovative institutional bank, committed to enabling the growth of our global clients, our economy, and delivering sustainable shareholder returns.

How do I Apply?

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