Risk management (Financial Services) Advanced
Issued by
Deakin University
This Risk Management (Financial Services) Credential assesses, validates and recognises the capability to manage risk capability in the workplace. Earners of this Credential demonstrated that they work with the business to develop, enhance and implement high level plans and risk management approaches, advise on current risks and implementation of the Risk Culture framework. This Credential is a custom framework designed exclusively for Westpac and offered in partnership with RMIT.
Additional DetailsSkills
Earning Criteria
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Credential submissions are assessed by academic and industry practitioners with relevant experience.
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The submission process is evidence based and successful achievement of a credential requires a portfolio of evidence, a written reflection and a video testimony showcasing the relevant skills and knowledge at the expected level. The submission has addressed and demonstrated five out of the seven criteria listed below:
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Evaluates and challenges the effectiveness of the Business; controls, monitoring and compliance, and monitors progress towards mitigating risks.
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Reviews and challenges or may halt activities that materially affect Westpac’s risk position or operate outside frameworks or policies.
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Analyses risks in the current environment and under stress and partners with the business to provide advisory and technical capability to effectively develop, maintain and enhance approaches to risk management.
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Provides an enterprise-wide risk view, including the aggregated risk profile, to management and the Board.
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Provides input and/or oversight of the group-wide approach to risk including the RMS, frameworks and policies, and the 3LoD model.
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Provides insight on the Risk Culture framework and provides oversight and guidance to the Business on its implementation.
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Reviews business strategy to ensure conformance with RMS and Group RAS.
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This is version 1.0 of the Risk Management (Financial Services) Advanced credential.
Standards
This credential is aligned to global academic and industry standards. The credential awarded provides formal recognition and validation of demonstrated capabilities in the workplace. To learn more about our credential levels, please click the link.