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Manager Regulatory Affairs Job Details

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Employer:  The Westpac Group
Job Ref No:  SYD44613
Job Title:  Manager Regulatory Affairs
Sector:  Asset Management
Sub Sector:  Traditional Asset Manager
Risk Type:  Regulatory/Compliance
Expertise:  Regulatory/Compliance
Did you know that we've been around longer than any other bank in Australia?
When we started up as Australia's first company in 1817 our goals were to deliver exceptional service and drive economic progress. And while we've grown up as a company and our family has gotten bigger, our goals haven't changed.
Today we have a clear vision to be one of the world's great service companies, helping our customers, communities and people to prosper and grow.
We believe that the service we provide defines us and exceptional service unifies us no matter which brand, division or role we're in.

Your Role

The purpose of this role is to provide the business with specialist, outcome-focused risk and control advice, insight and challenge that influence decisions, optimise risk-reward balance and contribute to the attainment of business strategy and objectives.
You will also provide an independent, 2nd Line view of the effectiveness of the business's operational risk management practices, ensuring appropriate documentation and evidence of challenge.

In this role your duties will include, but not necessarily be limited to, the following five key areas:

• Establish and foster a relationship of trust and respect between BTFG and APRA
• Support the Senior Manager Regulatory Affairs and Head of Regulatory Affairs as one of the key day-to-day Regulatory Relationship Managers for APRA in relation to Westpac Banking Corporation (WBC) and BTFG
• Support the Head of Regulatory Affairs in developing an overall team which works collaboratively and harmoniously to achieve Group's operational risk and compliance objectives
• Assist the Senior Manager Regulatory Affairs in coordinating prudential reviews and/or meetings with APRA including pre-meeting preparation, coordination of follow up actions, ensuring a timely response to APRA, monitoring /reporting of actions and maintaining a central and complete file for each review for future reference
• Communicate with internal/external stakeholders including preparation of briefing notes or board/committee memorandums
• Coordinate and/or action the day-to-day queries from APRA/BTFG business units including information/data requests, notifications, data submissions and interpretations/clarifications
• Maintain the APRA / BTFG correspondence register, Juno regulatory engagements/interactions, and breach register
• Provide consultancy and support to BTFG's superannuation and insurance business units on regulatory matters
• Coordinate the timely provision of submissions to APRA Discussion/Consultation Papers, Surveys and Studies
• Identify key proactive engagement opportunities with APRA, focussing on the business benefits of regulator engagement
• Assist the Head of Regulatory Affairs in developing, communicating and implementing a consistent regulatory relationship management strategy that operates across the enterprise and across all regulators
• Assist the Head of Regulatory Affairs to develop programs to raise awareness and understanding of key APRA regulatory requirements and overseas prudential developments
• Assist the Senior Manager Regulatory Affairs and Head of Regulatory Affairs to negotiate appropriate outcomes with APRA in relation to regulatory issues and breaches, assist in obtaining relief from requirements where relevant, and identify appropriate opportunities for seeking relief
• Work closely with other Regulatory teams including Prudential Governance, Regulatory Response, Compliance, Legal, Government Affairs and other relevant areas to ensure effective and efficient management of regulatory risks and coordinated engagement


To be successful in this role you will have the following skills, experience, education and/or expertise:


• Strong stakeholder engagement and management skills
• Strong project management skills
• Strong communication and influencing skills with the proven ability to influence credibly at a senior level
• Ability to distil complex and/or highly technical concepts into a format accessible by a variety of audiences
• Sound judgement and problem solving skills
• Sound written and oral communication and presentation skills
• Good understanding of the relevant series of Prudential Standards
• Understand the broader regulatory and economic environment in which Westpac operates
• Takes a proactive approach to issues and actions decisions in a timely manner
• Ability to understand the practical business implications of regulation and regulatory contact
• Advanced computer skills (specifically, Powerpoint, Word, Outlook and Excel)
• High ethical standards and integrity, ability to foster a culture of openness and trust

Knowledge, Qualifications and Experience

• Tertiary qualifications in a relevant discipline (including commerce, accounting, law or comparable) or equivalent experience
• 3 or more years' experience in financial services: superannuation and/or insurance or related field
• Demonstrated experience in dealing and managing relationships with regulators and issues raised by them either in a compliance, risk or business role or function
• Demonstrated ability to build strong relationships with key stakeholders within and outside the Group
• Demonstrable understanding of the relevant risk frameworks
• Experience in engaging and influencing at senior management and executive levels

Risk Specific Competencies

• Risk Knowledge across material risk classes (advanced)
• Regulatory knowledge (advanced)
• Compliance Knowledge (advanced)
• Policy development and implementation knowledge (advanced)

Business-wide Competencies

• Business Knowledge (advanced)
• Collaboration (mastery)
• Communication (advanced)
• Continuous improvement (mastery)
• Influencing and Negotiating (advanced)
• Leadership (advanced)
• Planning and Quality (mastery)
• Problem Solving (advanced)
• Stakeholder Management (advanced)

Working with Westpac

Working with us you'll discover new ways of working, and an exciting range of roles to showcase your skills. Think inspiring locations, flexible work spaces and unexpected careers.
Joining Westpac has many perks besides building a long and stable career. You'll be:

• Able to have access to some of the best banking, wealth and insurance benefits in the market
• Offered a highly competitive remuneration that is fair and consistent for all our people
• Entitled to a suite of online learning, training modules and career planning tools to grow with us
• Encouraged to participate in the community through paid volunteer leave and secondments available

Westpac Group is an equal opportunity employer. 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, people with a disability and Indigenous Australians to apply.
Employment Type:  Full Time
Region/Country:  Oceania, Australia
City:  Sydney CBD

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