Third Party Risk Manager

5 days ago

Sydney, New South Wales, Australia beBeeRiskManagement Full time

Job Description

The primary accountability of this role is to provide risk advice and guidance, as well as assist management in the analysis, identification, assessment, mitigation, management and reporting across all relevant risk matters, issues and incidents within the third-party stream of a retail banking division.

This includes third-party brokers, commercial white-label partnerships and suppliers within distribution. The role will also be responsible for assisting the head of risk in managing general risk activities or other ad-hoc risk-related activities as necessary, within the relevant division.

Key Responsibilities:

  • Maintain an effective third-party broker monitoring and supervision program, lead control uplift activities as well as ongoing control self-assessment activities.
  • Ensure appropriate management of any material third-party relationship, including white-label partners and suppliers.
  • Shape and embed risk culture within the third-party stream and its leadership team with a view to achieving outcomes aligning with medium- and long-term goals and strategic objectives.
  • Drive effective understanding of risk management practices and regulatory compliance, and influence strategic business planning.
  • Partner with key stakeholders and leadership teams to embed risk management monitoring and controls across the relevant retail business unit.
  • Develop reporting that provides meaningful insights and drives informed decision-making.
  • Consult and liaise with operational risk and compliance teams. Provide risk advice and guidance to the leadership team and other stakeholders within the retail or business banking division as necessary.
  • Work directly with business teams and heads of risk to manage general risk activities within the retail or business banking divisions.
  • Liaise with various stakeholders throughout the organization to identify, assess, mitigate, manage, and report across all risk and compliance risks, control performance, issues, treatment plans and incidents or other ad-hoc risk-related activities.

Required Skills and Qualifications:

  • 5+ years' experience in a similar role.
  • Strong understanding of contemporary risk management frameworks and ISO 31000.
  • Knowledge of banking or finance processes, controls and practices, and knowledge and experience of non-financial risk management.
  • Proven track record in performing risk assessments, risk profiling exercises, risk maturity assessments as well as risk control assessments.
  • High competency in solving complex problems.
  • Exceptional written skills and experience in drafting and presenting papers and reports to senior leaders or board members.
  • An understanding of banking and related regulatory legislation and compliance requirements.
  • Tertiary qualifications in risk management, governance, law, business, banking, accounting or a finance-related discipline would be preferred.
  • Strong relationship-building and interpersonal skills, with the ability to work effectively across a wide variety of areas and organizational levels.

About Us

This organization is one of Australia's leading financial institutions.

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