A Westpac risk manager claims to have been ignored and bullied for raising red flags on alleged shortcomings on a technology project at the bank.
The Westpac staff member, who requested anonymity and has reported the matter to the Australian Prudential Regulation Authority and SafeWork NSW, said his treatment was an example of a poor risk culture at Westpac, including covering up bad news and ostracising staff who raise problems via official reporting channels.
“I don’t trust HR will protect me, but I am just doing my job,” the risk manager said. “I want to do my job properly and I don’t expect to be abused for doing it.”
A spokesman for Westpac said the bank “believes in having an environment where it is safe to speak up. We see this is fundamental to fostering a culture of ethical behaviour, strong corporate governance and effective compliance and risk management.
David Geraghty
“All allegations are taken seriously and are…
