Senior Project Manager, Financial Markets CORE (2-Year Contract) Senior Project Manager, Financial Markets CORE  …

Westpac
in Singapore
Contract, Full time
Last application, 14 Jun 21
-
Westpac
in Singapore
Contract, Full time
Last application, 14 Jun 21
-
We are currently seeking an experienced project manager to work within the Financial Markets (“FM) Business Controls & Monitoring (“BCM”) function in Singapore, covering business activities of Financial Markets globally.

A comprehensive, Group-wide transformation program was launched in 2020 for improving Customer Outcomes and Risk Excellence (“CORE”) with a view to strengthen the management of risk right across the bank. This new role is responsible for implementing the Integrated CORE Plan for FM, working on the workstreams where FM is the lead for Westpac Institutional Bank (“WIB”) as well as the workstreams where FM will be responsible for the Line of Business (“LOB”) implementation of deliverables under the plan, including the evidence and closure requirements. CORE is a high profile program with great visibility amongst the senior management within FM, WIB and across the Westpac Group and covers many aspects of financial and non-financial risk and governance across the Bank. It spans across many aspects of risk and governance including data and technology Risk as well as people, capability and organisational design.

Reporting to the CORE Champion within FM, this person will be responsible for working with the central CORE Program, FM and WIB businesses and the broader Business Controls and Risk teams in Lines 1 & 2 to implement project deliverables across all workstreams within the CORE program. He/She will work with the Head of Business Controls Transformation to manage the overall program implementation in FM, covering both program management and change related activities. They will also have direct ownership for specific workstreams within WIB’s implementation. In both aspects they will work closely with a variety of stakeholders across the Group to ensure the quality of WIB’s overall implementation

The key tasks include:

CORE Program governance

Comply with the group governance processes, to ensure stakeholders have a clear understanding of their role in delivery and that the required decision making and escalation processes are in place to help achieve the required outcome.

Scope definition and management

Define the scope to ensure outcomes and expected benefits are clearly articulated and that agreed work is aligned to the strategy, including:

  • Translate business needs into a clear and measurable program of work which is aligned to the broader strategy
  • Influence and gain agreement of scope from stakeholders
  • Review and revise scope in light of any new information and/or changes to initial assumptions, including implications for project time, cost, quality and risk

Project management

  • Manage a project to deliver solutions/capabilities that meet business requirements and realise benefits within agreed scope, time, cost and quality
  • Monitor and report to the Program Director and Project Sponsor on status of financials, risks, issues and progress towards milestones and deliverables
  • Manage the project deliverables including closure and evidence requirements
  • Put in place a regular cadence and operating  rhythm for the various workstreams
  • Capture learnings and the Intellectual Property through Knowledge Management and reapplying these learnings for future project

Estimation and financial management

Work with the architects and the business to deliver cost estimates (according to the group business and technology estimation process) for submissions for funding approval, and subsequently manage and report project delivery against agreed costs, to maximise operational efficiency, optimise the cost/benefits of resource mix, forecast and manage the cost impacts of scope change and monitoring, and manage partner/vendor costs related to technology delivery to improve cost predictability and ensure the project delivers within agreed cost.

Risk & issue management

Direct the identification, monitoring, reporting and escalation of risks and issues and/or problems associated with services and/or delivery in the project, including challenging and influencing the Program Director, business clients and stakeholders as required to enable the achievement of project deliverables and benefits. Raise risks at WBC group level when required.

Stakeholder management

Engage, inform, influence and negotiate with stakeholders, particularly the service delivery teams who will be responsible for the technology services after project completion, and key business stakeholders (as required by the Program Director) to ensure stakeholders remain engaged and committed throughout the project.

Best practice and compliance

Ensure adherence to enterprise methodologies and processes and provide input to develop and improve such methodologies and processes, to meet best practice and ensure regulatory and legal compliance of all work on the project.

Partner and vendor management

Act as a day to day contact point with partners and/or vendors required to deliver solutions for the project and monitor and report on progress and performance against agreed deliverables and quality and performance standards to ensure quality of outcomes, cost effectiveness, appropriate risk management and seamless integration with other project delivery streams.

A strong candidate will bring experience in project delivery, as well as operational and/or compliance and conduct risk roles within Institutional Banking. He / She will have excellent self-motivational skills, with proven strengths of both problem spotting and solving. The role will require strong communication verbal and written communication skills, as well as the ability to constructive challenge and hold one’s own amongst key stakeholders within the organisation. International experience is strongly preferred.

Knowledge and Experience:

  • Strong portfolio or project management experience in the financial services industry (5+ years).
  • Intermediate understanding of business architecture.
  • Strong risk management or audit experience (5+ years) or operational risk or compliance experience (3+ years) in the financial services industry.
  • Strong workshop facilitation experience.
  • Strong understanding of business drivers (customer, cost, productivity, risk)
  • Significant (6+) years of experience in risk roles in the Financial Services industry
  • Minimum of bachelor’s degree in law, finance, commerce, accounting or other relevant discipline.
  • Knowledge of local, regional & international banking regulation
  • Good understanding of banking products and processes, systems and policies across multiple business divisions is preferable.
  • Financial Markets experience or knowledge is desirable. 

Attributes, Skills and Capabilitie:

  • Strong stakeholder management skills.
  • Strong communication skills (verbal & written).
  • Strong workshop facilitation experience.
  • Strong understanding of business drivers (customer, cost, productivity, risk).
  • Self-motivated personality with the ability to make things happen
  • Strong communication, influencing and relationship management skills across the organisation
  • Strong analytical and problem-solving skills
  • Demonstrable experience of translating the complex into the simple and communicating with passion
  • Working with complexity and ambiguity
  • Navigating through a complex organisation and managing divergent drivers and objectives to produce optimal results
  • The ability to constructively challenge to ensure that the business continues to meet regulatory expectations and risk appetite
  • Excellent risk management and judgement capability, and the ability to make sound decisions quickly
  • Excellent organisational skills and the ability to manage competing priorities

 

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