Head Of Risk, Private Wealth

Head of Risk, Private Wealth Westpac Banking Corporation Sydney, Australia

Head of Risk, Private Wealth Westpac Banking Corporation Sydney, Australia Posted 4 days ago Permanent Competitive

Head of Risk, Private Wealth

Job Description
How will I help?
We're looking for a Head of Risk to join our dynamic Business and Wealth Division. In this pivotal role, you'll provide independent and specialised 2nd line risk oversight and advice to our Private Wealth Line of Business (LOB), ensuring that risk decisions are aligned with our risk appetite. You'll play a key role in developing and fostering a strong risk culture, embedding the 3 Lines of Defence (3LoD) model and supporting frameworks to meet regulatory and governance requirements.
You'll be directly responsible for overseeing all lending activities for Private Wealth, driving consistency across Westpac, St George, Bank SA, and Bank of Melbourne. Your leadership will be instrumental in defining and maintaining our risk appetite, credit processes, and decision-making across these entities.
As the leader of the Private Wealth Risk team, you'll manage operational risk, credit decisioning, portfolio management, and credit policy. This 2nd line independent control function ensures robust oversight of Private Wealth while supporting the Deputy Chief Risk Officer (dCRO) BWD and other Heads of Risk.
You'll provide independent advice to the Private Wealth LOB Leadership Team on risk appetite, risk profile, strategy, and control environment. Through strong partnerships with LOB, you'll ensure effective implementation and monitoring of our Risk Management Framework and key policies.
You'll lead the setting of divisional risk appetite and oversee the implementation and monitoring of controls to support credit risk policies. Regular reporting to divisional risk committees and executive reporting will be part of your responsibilities to ensure appropriate governance and escalation of credit issues.
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 to create 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?
You'll bring over 10 years of credit decisioning experience across various sectors and at least 15 years of leadership experience in financial services or a similar corporate environment. An obsession for delivering excellent customer experiences, deep knowledge of Private Wealth and banking products, and the ability to think and act strategically are essential. Your strong negotiation skills, ability to influence others, and commitment to creating a strong team culture will set you up for success in this role.
What is it like to work there?
We aim to provide one big, supportive team to help us achieve our purpose of creating better futures together. As well as competitive remuneration and a great culture, joining the Westpac family means you will get some of the best banking, wealth and insurance benefits in the market.
We back our employees by helping them work towards industry-recognised qualifications, using online learning, training modules and career planning tools for you to grow with us. We will even pay you to do volunteer or community work.
As an equal opportunity employer, we are proud to have created a culture and work environment that values diversity and flexibility - and champions inclusion.
How do I apply?
Start here. Just click on the APPLY or APPLY NOW button.
At Westpac we are committed to providing a supportive culture and creating diverse, inclusive, and accessible workplaces, branches, products and services for our customers, employees, and community. 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 you have questions about the recruitment process, please email .
Do you need reasonable adjustments during the recruitment process?
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 Option 2.3 or email

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