Senior Manager, Global Financial Markets Settlements

Westpac Institutional and Business; Sydney; On-site; AUD 180,000 - 240,000; Full time

Benefits offered by this job

Mortgage discounts

Flexible work

Learning & development

Community volunteering

Job summary

Westpac Institutional and Business is seeking a Senior Manager to lead a globally connected Global Financial Markets Settlements function in Sydney. You will oversee settlements across fixed income and derivatives, manage a large, dispersed team, and drive process improvements and controls across regions.

The role focuses on operational excellence, risk management and strategic change to deliver a scalable operating model, with oversight across time zones and locations, including Chennai.

Qualifications

• Strong knowledge of financial markets operations, including fixed income, derivatives, money markets and treasury products.
• Hands-on experience managing settlements across products such as bonds, derivatives, interest rate swaps, cross-currency swaps and global deposits.
• Experience working within investment banks, global or domestic banks, custodians, fund managers or other financial markets environments.
• Strong leadership capability with experience managing large, geographically dispersed teams and building high-performing cultures across multiple locations.
• Extensive understanding of financial market infrastructures including SWIFT, CLS, Austraclear, Euroclear, Clearstream, MarkitWire, LCH/CME, custodians and agent banks and the broader trade lifecycle, with the ability to drive process improvements, strengthen controls and deliver operational excellence.
• Proven experience managing settlement risk, funding risk, liquidity impacts, operational incidents and regulatory obligations within a controlled financial markets environment.
• Demonstrated experience leading large-scale transformation initiatives including operating model change, offshoring, process automation, technology implementations and industry regulatory change.
• Strong stakeholder management skills with the ability to influence senior leaders across Trading, Treasury, Risk, Finance, Technology and Operations.

Responsibilities

• Lead a globally connected settlements function supporting Fixed Income and Derivatives across international markets and currencies.
• Provide leadership to a large team, drive improvements to processes and controls, and collaborate with Front Office, Treasury, Risk, Technology and Operations.
• Influence how a global settlements function evolves to deliver a more resilient and scalable operating model across multiple locations.

Job description

Job Description

Create your best future and join Westpac as a Senior Manager, Global Financial Markets Settlements

What’s the role?

You'll lead a globally connected settlements function responsible for supporting Fixed Income and Derivatives products across international markets and currencies. Working with teams across multiple regions, you'll help ensure critical settlement activities run smoothly, accurately and efficiently while supporting the continued growth of Westpac's institutional banking business.

You'll provide leadership to a large team, drive improvements to processes and controls, and work closely with stakeholders across Front Office, Treasury, Risk, Technology and Operations. This role is ideal for an experienced financial markets operations leader who enjoys balancing people leadership, operational excellence and strategic change.

You'll have the opportunity to influence how a global settlements function evolves, helping deliver a more consistent, resilient and scalable operating model across multiple locations. This is a permanent role based in Sydney, currently leading teams across Sydney and Chennai, with product oversight across all time zones in Westpac's global Financial Markets business.

What do I need?

• Strong knowledge of financial markets operations, including fixed income, derivatives, money markets and treasury products.
• Hands‑on experience managing settlements across products such as bonds, derivatives, interest rate swaps, cross‑currency swaps and global deposits.
• Experience working within investment banks, global or domestic banks, custodians, fund managers or other financial markets environments.
• Strong leadership capability with experience managing large, geographically dispersed teams and building high‑performing cultures across multiple locations.
• Extensive understanding of financial market infrastructures including SWIFT, CLS, Austraclear, Euroclear, Clearstream, MarkitWire, LCH/CME, custodians and agent banks and the broader trade lifecycle, with the ability to drive process improvements, strengthen controls and deliver operational excellence.
• Proven experience managing settlement risk, funding risk, liquidity impacts, operational incidents and regulatory obligations within a controlled financial markets environment.
• Demonstrated experience leading large‑scale transformation initiatives including operating model change, offshoring, process automation, technology implementations and industry regulatory change.
• Strong stakeholder management skills with the ability to influence senior leaders across Trading, Treasury, Risk, Finance, Technology and Operations.

Why join us?

• Special offers on banking products and discounts from top brands, including generous employee‑only mortgage rates!
• Flexible work arrangements to help you achieve a greater work/life balance, and a variety of leave options including Culture, Lifestyle and Wellbeing leave.
• Tailored learning and development opportunities to help you grow your career within the bank.
• Lots of opportunities to ‘give back’ to the Community by getting involved in our many volunteering initiatives.

We’re all about creating a supportive and inclusive community. We welcome everyone – no matter your age, gender, background, or abilities. We also provide additional support to welcome our veterans, Indigenous Australians and neurodiverse community.

If you need any adjustments during the recruitment process, you can find out more information and additional contact details by visiting the "People with Disability and/or needing Accessibility Requirements" page on our website .

We may close this job advertisement earlier than the advertised closing date if suitable candidates are identified. We encourage you to apply as soon as possible.