Non-Financial Risk Specialists (Operational Risk & Resilience)
The role
As a Risk Specialist within our Operational Risk & Resilience team working in Sydney, Melbourne or Brisbane, you will work on a range of initiatives to support our frontline teams in the resilience of Australian Financial Services. Scope of work will include the supervision of our regulated entities through understanding data, prudential reviews and meetings, responding to material events in industry, and driving the way we transform our understanding of non-financial risk internally and in industry, through targeted programs of work aligned to the APRA corporate plan.
The team
Cross-Industry Risk Division (CRD) brings together risk and system specialists, who collaborate with frontline divisions in supervising regulated entities and play a key role in identifying risks and trends across industries and the financial system as a whole. The branches in CRD are organised into Financial Risk, Non-Financial Risk and System Risk.
The Non-Financial Risk team is responsible for supporting prudential oversight across Banking, Superannuation and Insurance, including driving excellence across APRA supervision, industry groups and our regulated entities. The team serves as subject matter experts and thought leaders in CPS 220 Risk Management, CPS 230 Operational Risk Management, CPS 231 Outsourcing, CPS 232 Business Continuity Management, CPS 234 Information Security, CPS 510 Governance, CPS 511 Remuneration and CPS 520 Fit and Proper (as well as commensurate prudential standards specific to industry).
Key responsibilities
Understanding the key operational risk and resilience issues within regulated entities, providing specialist advice to internal stakeholders as well as to internal and external working groups;
Successfully influencing regulated entity decision makers, as part of APRA's prudential activities, to implement improvements to risk and resilience management practices;
Achieving quality supervision outcomes by leading data analysis, prudential review and prudential engagement of regulated entities to drive improvement in controls and risk outcomes;
Effectively responding to material risk events by working with multiple internal teams and external agencies to facilitate a coordinated response and communication;
Keeping pace with rapidly developing technologies, products and services, with an understanding of how this changes the risk profile;
Developing data and evidence-based insights to understand entity, cohort and system risks.
Presenting complex qualitative and quantitative information on non-financial risk for the consumption of non-specialists;
Engaging with Government and industry representatives with respect to a variety of industry change initiatives; and
Maintaining relevant prudential standards, policy and guidance for Australian APRA regulated entities by contributing to the review and uplift as required.
About you
Demonstrated experience in assessing the management of non-financial risk within an APRA regulated area in operational risk management;
Track record of effectively contributing to reducing operational risk for an entity or industry;
Experience with prudential requirements and standards such as CPS230, CPS234, CPS220, CPS510 is desirable;
Substantial organisational, self and priority management skills, including proven ability to lead strategic engagement externally and coordinating cross-divisional processes;
High level analysis and problem-solving with excellent written and verbal communication skills for advising internal APRA stakeholders and external entities; and
Tertiary qualifications, and risk management qualifications / experience in a field relevant to the role are required.
To work with us, you need to be an Australian citizen with eligibility to obtain and maintain Australian Government Security clearance.
About APRA
The Australian Prudential Regulation Authority (APRA) places you at the heart of Australia's financial services industry. APRA serves the Australian community by helping to ensure that financial institutions deliver on the financial commitments they make, within a stable, efficient and competitive financial system.
At APRA, we're committed to providing an inclusive workplace where everyone belongs, feels valued and respected. We aspire to attract and foster diversity of background, thought and experience, recognising that a broad range of perspectives, approaches and ideas makes us stronger, and better enables us to meet our obligation to protect the financial wellbeing of the Australian community. When applying, please inform us of any adjustments you may need during the interview process.
