Operational Risk Lead

2 months ago

Melbourne, Australia Victorian Managed Insurance Authority Full time

Location: Melbourne | CBD

Job type: Full time

Organisation: Victorian Managed Insurance Authority

**Salary**: Salary not specified

Occupation: Risk Management

Reference: VG/VMIA/RS/1788417

As the VMIA’s Operational Risk Lead, you’ll be an integral part of the VMIA’s Enterprise Risk Division to support the Chief Risk Officer and to coordinate and deliver the enterprise risk line 2 risk management functions, obligations, objectives, and actions (line 2).

**Operational Risk Lead**
- **Ongoing position**:

- **Hybrid Working**:

- **Mlebourne Based**

**About VMIA**

Victorian Managed Insurance Authority (VMIA) is the Victorian Government's insurer and risk adviser, covering the people and projects that help Victorians thrive. We're an agency in the Department of Treasury and Finance portfolio,established under the Victorian Managed Insurance Authority Act, and report to the Assistant Treasurer.

We provide insurance and risk advice to government departments and agencies, with more than 4,600 clients, ranging from small community service organisations to public hospitals, schools, and core service providers. We also provide domestic building insurance to builders, giving Victorian homeowners peace of mind for building projects valued over $16,000.

We help our clients prepare for, prevent, or reduce the impact of harm. When things don't go to plan, we help clients restore services and recover quickly.

Our unique perspective across Victorian Government clients is an opportunity for learning and development in the risk and insurance industry as well as the broader public sector, creating deep connections with our clients, and a shared understanding of best practice in our fields of expertise.

People are at the heart of everything we do. At VMIA, you'll be encouraged to achieve your career goals in a progressive and flexible workplace that most importantly lets you be yourself.

**Your role**

As the VMIA's Operational Risk Lead, you'll be an integral part of the VMIA's Enterprise Risk Division to support the Chief Risk Officer and to coordinate and deliver the enterprise risk line 2 risk management functions, obligations, objectives, and actions (line 2).

**What you do**
- You'll provide line 2 business support and advice for operational risk and support for enterprise risk.
- A key focus of your role will be to provide technical risk management support and assistance to the line 1 divisions and teams for control and treatment management for both enterprise** **and operational risks, including, effectiveness assessment, testing, and line 2 reviews of controls and management and tracking of treatments for operational and enterprise risks.
- You will work closely with the divisions and teams to develop, coordinate, and deliver the schedule and plan for line 2 control reviews for both operational and enterprise risks and use your technical expertise to build capability with line 1 and support continual improvement.
- You'll coordinate and complete line 2 confirmation and/or reviews for **completed internal audit actions** from VMIA's internal audit reports as directed by the Chief Risk Officer or at the request of the Chief Performance Officer and contribute to the Chief Risk Officer or Chief Performance Officer updates for the Audit Committee reports.
- You'll draw on your technical risk management experience and skill to be a line 2 risk management adviser to build capability and risk culture in risk management including controls and treatments.
- You'll coordinate the risk profile and risk register (or software solution) and reporting for operational risk and provide support for the enterprise risk register and incidents when required.
- You'll provide enterprise risk management support when requested by the Chief Risk Officer.
- You'll support the Chief Risk Officer to complete executive risk reporting and Board committee reports as required.
- You'll support the Chief Risk Officer and team to meet the team's compliance requirements

**Who you work with**
- Your role will be expected to work with all Divisions and teams and work closely with the compliance function.
- You'll be a direct report to the Chief Risk Officer with no direct reports.

**About you**
- You'll have demonstrated expertise and experience in a line 1 or line 2 role, for risk management including control management. Experience in incident management, internal audit reviews is highly desirable.
- You have experience in coordinating and delivering work programs with multiple initiatives. You can work to deadlines and self-manage competing priorities. You demonstrate a high level of attention to detail.
- You have well-developed Excel skills, communication, and interpersonal skills, including the ability to facilitate discussions, liaise, and consult with senior leaders.
- You have experience in working with and meeting legislative compliance, and regulatory frameworks relevant to a major private or public-sector organisation.
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