Risk We’re looking for passionate, strategic and innovative people who want to be part of the Risk function. Can you view the end-to-end value chain and understand the interconnected nature of systems, processes and people, whilst linking the risks and opportunities? If so, then join us and bring your valued insights to our Risk Function. Register your interest
Program overview What is Risk? Effective risk management sets the Westpac Group apart from our competitors and gives us the edge we need to be one of the world's great companies. It is about striking the right balance between protecting and optimising our business. Risk professionals protect the bank against unexpected loss, develop control frameworks and manage regulatory, compliance and other risks. A lot of people think risk is all about numbers, that's an important part of it, but it's not the only piece. We support a strong and risk aware organisation through expert advice, constructive challenge and innovative solutions. We develop relationships, build trust and help solve problems. Numbers are only part of it. As a member of the Group Risk Business your analytical skills will support you to understand the frameworks, strategies, tools and culture required to meet our Risk regulatory, legislative and business obligations.
Who should apply We're looking for diverse talent in Risk – you should apply if you have a quantitative aptitude, ability to problem solve and strong leadership potential. Degrees highly considered are Mathematics and Statistics, Commerce and Technology, Computer Science, Actuarial Studies, Engineering, Quantitative Finance and STEM.
Where you will work Sydney only
Program structure 12 months: 3 x 4 month rotations
How it works You will work across a broad network of stakeholders and learn how to negotiate, collaborate and share your analytical and problem solving skills to deliver the best outcome for the business. You will receive a ‘best-in-class’ experience understanding the foundations of the Group Risk Function. Supported through on-the-job training, mentoring and practical workshops that strengthen your Risk knowledge, capability and skills. Each Risk Graduate will complete three rotations – your third rotation will be selected by you based on your career goals. During our one year Graduate Program, you will: Be given the opportunity to work across three Risk business teams to understand the different focus across the Group Risk Function; Start your Risk Leadership career, through on-the-job training, mentoring and practical workshops that strengthen your Risk knowledge, capability and skills; Deliver oversight, insight and control to support our business partners in their decision making; and Participate in industry-leading initiatives and have a chance to develop your problem solving skills.
Future career opportunities As a Risk Graduate your Risk career will be supported by those who you have worked with you and your area of interest. This could include: Financial Crime and Assurance Credit Risk Insurance Risk Operational Risk Compliance That said, at Westpac your career opportunities are endless. If you have a dream to work somewhere within Westpac Group, we’ll do whatever we can to help make it happen.
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Don’t just believe us, hear from our recent graduate. Peter, Risk Graduate Degree Studied: Bachelor of Actuarial Studies and Economics Why did you apply to the Westpac Graduate Program? I applied for the Westpac Group Graduate program because I believed that it would provide me with an opportunity for mentorship and training from some of the best business leaders in the country, which is an invaluable resource for someone who is just starting their career. --- What rotations did you experience as part of the grad program? Across 12 months I experienced three rotations. My first rotation was in Fraud Analytics, where we developed methods to detect and prevent financial crimes such as ID takeovers and stolen cards. During my first rotation, I was given the task of creating a way to alert the bank of fraudulent logins using global geolocation data from mobile logins. As such, I learned programming languages like Python and HTML to create an interactive mapping tool that not only flags suspicious logins, but also visualises where and when these fraudulent logins occurred – which assists the frontline teams with protecting customers. My second rotation was in Retail Credit Risk modelling, where we developed a model that measures the likelihood of customers not being able to meet their loan repayments. And my final rotation was in Data Risk, where we created a data quality tool that measures the reliability of data at the bank.
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