Lead Analyst, Line 1 Risk

Overview

Lead Analyst, Line 1 Risk role at Reserve Bank of Australia. This newly created role supports Payments Policy, Financial Stability, Monetary Policy Strategy, Economic Analysis and Economic Research to strengthen risk culture and enhance risk management practices and the control environment. You will help manage material risks in a policy environment and stay proactive in an ever-evolving risk landscape.

Responsibilities

• Promote a strong risk culture by fostering awareness and encouraging leaders and team members to take proactive ownership of risks and mitigating controls.
• Support the identification, assessment, and management of risks and controls to help departments achieve their business objectives effectively.
• Assist in the development of robust internal controls to mitigate material risk exposures, and support control owners in the ongoing testing of key controls.
• Monitor and report on the effectiveness of risk management practices, escalating gaps and concerns to senior management as appropriate.
• Provide advice on risk incidents, including assessment, root cause analysis, and remediation planning.
• Support the accurate identification, logging, and management of risks, controls, issues, and incidents within the Risk Management System (RMS), ensuring adherence to quality standards.
• Maintain the integrity of risk data by overseeing data hygiene and reporting within the RBA's risk management system.
• Contribute to a community of practice, sharing insights and best practices to enhance consistency and deepen understanding of risk management across the RBA.
• Collaborate with the Enterprise Risk and Compliance Team (Line 2) and Internal Audit to deliver integrated assurance to the Governance Board and Board Audit & Risk Committee.
• Support the preparation of reporting and analytics to build awareness and transparency of material risk exposures. Co-ordinate and lead regular risk forums where reports are presented to the leadership team.

Your Background

• 5+ years in a Line 1 or Line 2 operational risk and compliance role, ideally experience in public policy or in a regulatory agency.
• Demonstrated experience supporting the learning and development of business stakeholders in practical risk management.
• Ability to apply skills and experience to the management of risks in a policy environment.
• Demonstrated ability in supporting a business to strengthen risk culture and risk management practices.
• Experience in design, build and implementation of risk and compliance frameworks, coaching and training.
• Understanding of enterprise-wide risk and compliance management frameworks, policies and standards.
• Experience in uplifting operational resilience and implementing operational risk management standards in an APRA-regulated organisation is highly desirable.
• Relevant tertiary qualifications in economics, finance, risk, compliance or related discipline, or equivalent experience.
• Demonstrated negotiation and resolution management skills.

Be More

Be More. Working for an organisation that truly makes a difference to the people of Australia, we can offer development and career opportunities in a collaborative environment that supports your growth, wellbeing and promotes flexibility. Your individual growth and success drives the RBA forward as an organisation. Be more means you can do more, for yourself and for Australia.

Why RBA?

The RBA makes an important contribution to the Australian economy through the pursuit of national economic policy objectives and associated activities in financial markets and banking. We also issue Australia's banknotes and operate infrastructure critical to the payments system, all of which contribute to the welfare of the Australian people. Our people, values, and culture play a critical role in achieving our objectives. Striving to be Open & Dynamic, we consider and incorporate different perspectives, work across teams and are transparent with each other, whilst delivering quality together effectively and focusing on outcomes by prioritising, testing, learning, and refining as we go. Our people conduct themselves with a high degree of integrity, while striving for excellence in the work they perform and the outcomes they achieve. We encourage intelligent inquiry and we treat one another with respect while promoting the public interest through our efforts. We know it is the growth and success of our people that drives the RBA forward. Come and make a bigger contribution while you build and develop your own skills too, because being more means you can do more, for yourself and for Australia.

Diversity, Equity & Inclusion

The Reserve Bank of Australia is committed to equity, diversity and inclusion through key initiatives. We welcome and encourage applicants from diverse backgrounds to apply, including Aboriginal and Torres Strait Islander peoples, culturally and linguistically diverse backgrounds, those living with a disability and from the LGBTQ+ community. We are committed to making the recruitment process fair and equitable for all our candidates.

Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Analyst and Consulting
• Industries: Banking

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