(Apply Now) Manager, Risk

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Are you ready to join the Note Issue Department and play a pivotal role in transforming risk management at the Reserve Bank of Australia?

We are seeking an experienced Manager, Risk & Compliance to join our Line 1 risk team, supporting the Note Issue Department to uplift risk culture and progressively mature our risk management practices.

The Note Issue department is responsible for producing and issuing Australian banknotes and provides key services to support wholesale banknote distribution.

About the role

Reporting to the Senior Manager Risk and Compliance, this leadership role you will play a key role in helping build out and develop a team of dedicated first line risk professionals. This team supports our management of material risks and to ensure we are effectively adjusting to an ever-evolving cash landscape.

Your Responsibilities

- Lead a high performing team to provide risk subject matter expertise into the development and implementation of departmental strategy and business plan, considering material and emerging risks.
- Lead the implementation of departmental risk transformation initiatives, aligned with broader strategy and business plans
- Provide risk and compliance subject matter expertise to business teams, helping identify, assess, and manage risks and controls
- Partner with leaders and staff across varied work environments (e.g. laboratories, secure spaces, processing rooms, offices) to tailor risk support and uplift practices
- Promote a strong risk culture by coaching business stakeholders and encouraging ownership of risk
- Contribute to the design and delivery of risk and compliance frameworks, processes, and training materials
- Assist in the development and testing of contingency plans to enhance operational resilience
- Monitor and support adherence to the RBA's risk management strategy, appetite, and supporting frameworks, policies, and standards
- Collaborate with Line 2 and Internal Audit to support integrated assurance activities
- Prepare and contribute to risk reporting, including quarterly risk packs and papers for Governance Board and Committee meetings
- Participate in communities of practice and share insights to support consistency and uplift in risk management across the organisation

Your Background

- 10 years + experience in a Line 1 or Line 2 operational risk and compliance role, preferably within Financial Services.
- Experience supporting risk transformation initiatives and embedding uplifted frameworks and practices
- Proven ability to coach and support business stakeholders in understanding and applying risk and compliance concepts
- Demonstrated experience in supporting a business to strengthen risk culture and risk management practices.
- Demonstrated experience as a people leader, supporting the learning and development of a team of risk professionals.
- Experience in design, build and implementation of risk and compliance frameworks, coaching and training.
- Understanding of RBA-wide (or similar organisation) risk and compliance management frameworks, policies and standards.
- Strong communication and stakeholder engagement skills, with the ability to influence and collaborate across teams
- Sound judgment and problem-solving skills, with the ability to support resolution of risk and compliance issues

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. Made up of specialists across a wide range of fields, 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.

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 background, 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.

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The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes. The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.

Source: this is an extract from the company's own website

The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes. The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.

Source: this is an extract from the company's own website

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