Demystifying Internal Audit – SYDNEY OR WEBINAR

RMA Australia is pleased to bring you our second July event – Demystifying Internal Audit, hosted by Westpac.

Internal audit as a partner in better risk management Internal audit is not just an oversight function and it plays a key role in strengthening risk management capability. By providing independent assurance and constructive challenge, audit helps organisations identify weaknesses early and reinforces disciplined risk practices across the business.

When organisations view audit as a partner, they unlock greater value. Engaging openly, sharing context, and aligning on outcomes enables teams to extract practical insights that enhance controls and processes. This collaborative approach ultimately leads to stronger, more resilient risk management and better customer and business outcomes.

Demystifying this process helps teams move from reactive to proactive. By understanding what audit looks for; clear accountability, evidence of control effectiveness, and strong governance, teams can better position themselves for success and reduce surprises. Ultimately, it builds confidence that risk is being managed in a consistent and sustainable way.

By the end of this session, participants will be able to:

1. Understand the role of Internal Audit in strengthening risk management capability.

2. Recognise opportunities to partner with Internal Audit to enhance controls and risk practices.

3. Apply audit insights to strengthen governance, controls, and risk management outcomes.

This event will be followed by a 30min in-person catered network event.

Please join us either in person in Sydney or via Webinar. For those attending in Sydney, the event will be followed by networking drinks and canapes from 5:00pm-5:30pm.

Limited seats are available in Sydney.

FURTHER INFORMATION:-

About the Speakers:-

Lucy Masters, Chief Audit Officer, Westpac

Lucy leads and sets strategy for Group Audit function (team of 190), advising Board, Executive Management and other Group-wide stakeholders such as domestic and international regulators on adequacy and effectiveness of governance, risk management and internal controls. Lucy moves into this role from her previous role of CRO at BT.

Lucy has over 25 years in the Financial Services Industry, and much of it working within Internal Audit across professional firms and international banks based in Sydney, Singapore, London and New Zealand.

Ross Tilly, Company Director, Past President IIA Australia, Retired Central Bank Executive and Big 4 Partner

Ross Tilly is a non-executive director and an ARC Chair. He is also a consultant to the IMF. He was Head of Audit, Reserve Bank of Australia 2019-2025 assisting the Board and Governors during its major change programme over that period. Ross was at a Big 4 professional services firm from 1983-2019 where he was a founding partner of its Risk Consulting division. Ross brings extensive international internal audit and risk experience, having worked with executive teams and Boards across diverse markets and regulatory environments. Ross is also a board member of the IIA-Australia and its immediate past President.

Mark Worthington, Author, Transformational Coach & Mentor, Keynote Speaker, Former Business Executive

Mark Worthington is an Executive Coach and former Group Internal Auditor of Commonwealth Bank and Chief Financial Officer of CommInsure. He is also an accomplished author. Throughout Marks career, he has held senior Internal Audit and Finance leadership roles across a range of global organisations, bringing extensive experience in financial services, operations, technology, and governance. Marks unique combination of internal audit, finance and executive leadership experience provides a broad perspective on risk, assurance, and organisational performance.

Evelyn Foong, Governance and Assurance Executive, CAE, Board, Risk Management, Leadership

About the Moderator:-

David Camilleri, Head of Risk, Westpac, Consumer Bank

David brings over 30 years of experience across business, risk, and audit roles – both internal and external – within financial services and broader commercial sectors globally. Having operated on both sides of the audit lens, he offers a unique, practical perspective on how audit functions operate and the value they can deliver to organisations. David is the Head of Risk for Westpac’s Retail Bank and Everyday Banking businesses, overseeing Transaction and Savings products for consumers. He is deeply passionate about organisational success, inclusion, and the role each line of defence plays in driving strong risk management, customer, and business outcomes.