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Form of work How will I help?
As a Senior Manager you will support the Head of Group Sanctions in identifying, assessing, managing and mitigating Economic and Trade Sanctions risks arisen from business activities across the Bank. You will be responsible for effecting change and providing subject matter expert advice and oversight of sanctions risks, including for new change initiatives. This role sits within the second line.
Responsibilities are but not limited to:
Providing compliance and risk advice to Westpac’s lines of business on Economic and Trade Sanctions risks.
Partnering with the business to provide specialist advice, oversight, check and challenge in relation to Economic and Trade Sanctions risks, in areas such as:
Sanctions risk identification, assessment, management, and mitigation.
Ensuring risks are identified in a timely manner, appropriately recorded, reported, escalated, and remediated.
Ensuring controls and operational processes are appropriately designed to identify, manage, and mitigate the risk(s), and they remain appropriate and effective in the context of new business initiatives, regulatory or Westpac policy change, and in consideration of industry best practice.
Suggesting measures to enhance the effectiveness of existing controls over time, including through reviewing findings from audit, testing, and assurance reviews (internal and external) and considering industry best practice.
Monitoring sanctions laws and regulations in the relevant jurisdictions and analyse the impacts on the Bank’s operations.
Providing advice to the Head of Group Sanctions on the trends, emerging issues, remedial actions and enhancements to the sanctions program.
Work collaboratively with the team to provide advice to business with respect to applicability of policies and implementation of the economic sanctions program and regulatory changes.
Providing guidance to the sanctions screening operations (FCFP) in light of new or updated standards and procedures.
Providing input on new business initiatives, new product and advise on complex transactions and client review escalations.
What’s in it for me?
You’ll play a significant part of the future of a business that has been around for 200 years. Our purpose is of creating better futures together . So, we’ll back you in the development of your career, internal career prospects, and flexible working. You’ll also keep learning to grown, backed by a fantastic team of people with a can-do, supportive structure. 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?
The ideal candidate will have 5+ years sanctions compliance experience derived from roles within either banking, consultancy, legal or government. A comprehensive and demonstrated knowledge of Economic and Trade Sanctions legislation, including key challenges, risks, trends, and regulatory environment. Degree qualified in a Law, Business or Finance related discipline. A broad understanding of bank products and process, systems and policies is preferable across multiple business divisions.
You will have commercial acumen and experience dealing with and managing senior business stakeholders as well as experience in collaborating with and influencing others within a team environment to provide quality and consistent advice on sanctions risks.
Your ability to be highly proactive, accountable and to execute responsibilities with professionalism and integrity with a track record of achievement, delivery, resilience and resolve in challenging situations to ensure that effective action is taken and issues escalated and dealt with as required, will see you succeed in this role.
What’s it like to work there?
We aim to provide one big, supportive team to help us achieve our purpose of creating better futures together. With us you'll discover new ways of working, and an exciting range of roles to showcase your skills. 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 and one where everyone belongs.
How do I apply?
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
Do you need reasonable adjustments during the recruitment process?
At Westpac we are committed to providing a supportive culture and creating inclusive and accessible workplaces, branches, products and services for our customers, employees, and community.
We can provide reasonable adjustments for individuals with disability and/or neurodiversity. If you require an adjustment to be made during the recruitment process at any stage, please call 1800 655 592 Option 1.2 or email talentacquisition@westpac.com.au .
