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Head of Audit Strategy, Practices & Transformation

Employer
Westpac Banking Corporation
Location
Sydney, Australia
Salary
Competitive
Closing date
May 25, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

  • Opportunity to either join Westpac or continue your career with the Group
  • Established career path and progression opportunities
  • Sydney Based

How will I Help?

We are seeking a highly skilled and experienced individual to join our team as the Head of Strategy and Practice Management for our Internal Audit Function.

The successful candidate will be responsible for developing and implementing strategies to enhance the effectiveness and efficiency of our internal audit processes, as well as managing the overall practice of internal audit within the organization.

You will report to the General Manager Group Audit, lead the Strategy Practice Management and Transformation audit team and be responsible for the following:
  • Develop and implement a comprehensive strategy for the internal audit function, in alignment with the bank's goals and objectives.
  • Lead the development and execution of annual audit plans for the bank, ensuring that audits are conducted in a timely and efficient manner.
  • Identify and implement best practices in internal audit methodology and tools, including technology and data analytics, to enhance the quality of audits and increase efficiency within the Australian banking environment.
  • Provide guidance and support to audit teams, ensuring that they have the necessary resources and training to perform their roles effectively.
  • Monitor and report on the performance of the internal audit function, including key metrics and trends specific to the banking industry.
  • Stay informed on industry trends and emerging best practices in internal audit within the Australian banking sector and incorporate them into the bank's audit strategy as appropriate.
  • Ensure effective regulatory engagement with Group Audit, including responses to requests.
  • Managing matters related to Group Audit that may affect the prudential reputation of the Group (through leading the Group Audit BCM team, including key risk, compliance, control, issue and incident management activities)
  • Monitoring Group Audit in accordance with Group Audit's frameworks and policies (including the Group Audit Methodology and its supporting documents, for example through the QAIP)
  • Leading uplift and measurement of Group Audit's culture

What's in it for me?

This will be a highly visible role and will play a critical part in enhancing and optimising the Groups Internal Audit function. In this role you will liaise with various internal and external stakeholders, through these interactions you will further expand your professional network and continue to refine your business and commercial acumen.

On a personal note, 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?

To be successful you will have the following:
  • Bachelor's degree in accounting, finance, or a related field. CA, CPA, CIA, or other relevant certifications preferred.
  • Minimum of 15 years of experience in internal audit, risk management or similar function, with at least 3 years in a leadership role within the Financial Services industry.
  • Strong understanding of internal audit methodologies, tools, and best practices specific to the banking sector.
  • Excellent communication and relationship skills, with the ability to work effectively with stakeholders and influence at all levels.
  • Proven ability to develop and implement strategic plans and drive process improvements within the banking environment.
  • Strong project management, analytical and problem-solving skills, with the ability to make sound decisions in a fast-paced banking setting.

What is it like to work there?

For the past 200 years, we've been backing people, businesses, communities, and ideas. As Australia's first bank, we've adapted and evolved, inspired by our customers and a genuine desire to create better futures.

Together, we're creating better futures for all our people, customers, communities, and shareholders. This has been our enduring Purpose.
  • We inspire our people and together we are creating better futures. It's our passion for embracing diversity and creating opportunities that enables them to dream big and fulfil their potential.
  • We empower our customers. It's our strength, agility and heart that gives them the confidence to navigate change and forge new paths. Empowered, our customers are creating better futures.
  • We make change happen in the community. It's our shared vision of a safer, greener and more inclusive world that sees us back new ideas, innovations and individuals who are creating better futures.
  • We deliver for our shareholders by creating better futures together. It's our ability to generate value for this generation and the next, which makes our shareholders proud to invest in us.

How do I apply?

Start here. Select 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 talentacquisition@westpac.com.au

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 1800 655 592 Option 2.3 or email talentacquisition@westpac.com.au

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