Our business and role types
Risk Management
Effective risk management can set us apart from our competitors and give us the edge we need to be a market leader. We have a variety of career paths within our Risk group.
Credit Risk
Credit risk is the potential for financial loss where a customer or counterpart fails to meet their financial obligations to Westpac. Our credit teams, including analysts and credit officers are responsible for execution of strategy and management of risks.
Model Risk Management
The effective management of model risk is a key component of Westpac's overall risk management framework. Model risk management is the process of mitigating the risks of inadequate design, insufficient controls and incorrect model usage. Our Model Risk team regularly review and redesign risk models across our enterprise.
Operational Risk and Compliance
Effective compliance and risk management and its optimisation sets us apart from our competitors and gives us the edge we need to be a market leader. Our Operational Risk and Compliance team works with our business units to determine risks, priorities and solutions arising in relation to legislation, regulatory policy statements, industry codes of practice and organisational standards.
Legal
Our expert Legal team provides our business units with legal advice on financial products and services, developments in the regulatory environment and industry issues. The team is made up of a series of specialist practice groups that work closely with the business and partner with external legal firms when the need arises.
