Macquarie Bank worker Dave Kiely was at his desk as a colleague was being interviewed about interest rates when the camera showed him apparently opening e-mail attachments of nearly nude photos of the model.
The clip became a YouTube hit and other media broadcast it during prime-time Tuesday.
Australia-born Kerr, 26, who is engaged to "Pirates of the Caribbean" star Orlando Bloom, had said she hoped Kiely would not lose his job.
"I am told there is a petition to save his job, and of course I would sign it," news.com.au quoted her as saying.
On Friday, Macquarie said in a statement it had completed an internal review and Kiely would keep his job.
"Macquarie and the employee apologize for any offense that may have been caused," the bank said.
Any red blooded man, irrespective of age, will look at such a beautiful female form with both cheeks open to view so shamelessly as if all her parts are meant for public exhibition !Ah ! Culture indeed !!
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