Risk Support Analyst

**The role**

The Risk Support Analyst contributes to the operational execution of risk and

compliance management within the division.

This role supports the robust implementation of the organisation's risk framework by assisting in the proactive identification, assessment, mitigation, and reporting of operational risks.

The analyst will also contribute to fostering a strong risk culture, ensuring adherence to obligations, and facilitating effective risk education. Through collaboration with divisional stakeholders, this position helps enhance risk ownership and capability, directly contributing to the division's resilience and objectives.

**Risk Accountabilities Relevant to Your Line of Defence**

Line 1 Risk Support are risk-focused employees within the first line of defence who are

Risk Management Framework (RMF).

This includes testing the effectiveness of controls, identifying gaps in risk management practices, and recommending improvements to ensure alignment with the RMF.

**The key elements of Line 1 Risk Support**:

- **Expert Advice and Support**: Line 1 Risk Support provides specialized knowledge and guidance to Line 1 on risk management matters.
- **Testing and Evaluation**: They conduct assessments and testing to evaluate the effectiveness of controls and identify areas for improvement.
- **Alignment with RMF**: They ensure that Line 1's risk management activities are consistent and integrated with the organisation's overall risk management framework.

**Position Accountabilities**

- Facilitate the embedment, operationalisation, and continuous improvement of the risk management framework, including the Three Lines of Defense (3LoD) model, Risk and Control Self-Assessment (RSCA), and Risk Management Declaration (RMD) processes.
- Maintain core risk management artefacts, ensuring they are current, accurate, and accessible.
- Undertake the mapping of regulatory and internal obligations against divisional processes and controls, including conducting gap analyses for new or changed obligations and contributing to continuous compliance monitoring.
- Contribute to the management of policy, procedure, and regulatory changes, acting as a divisional point of contact for Line 2 and Central Risk Support on compliance and adherence.
- Review risk assessments, control designs, process maps, and Line 1 self-assessments, ensuring alignment with Risk Appetite Statement (RAS) principles.
- Provide support to the Risk Management team as required in the effective capture, resolution, and tracking of divisional issues, incidents, and internal audit actions, driving timely closure.
- Contribute to the division's end-to-end third-party risk management, encompassing risk assessments, ongoing supplier health monitoring, and accurate system representation (e.g., Nlighten) of third-party responsibilities.
- Coordinate Business Continuity Plan (BCP) updates and testing activities.
- Cultivate strong working relationships with Line 2 functions to ensure alignment.
- Prepare and manage divisional risk and issue reporting for key forums, including KRI data management, action monitoring, insight sourcing, and ensuring data integrity within risk systems (e.g., Nlighten) for executive reporting.
- Contribute to the development and delivery of risk education materials and training for Line 1 staff, fostering a strong risk management culture and enhancing risk ownership and capability.
- Take all reasonable directions from leaders to comply with the organisation’s workplace health & safety (WHS) protocols. WHS is everyone’s responsibility.
- Any other ad hoc duties as reasonably directed by your leadership team.

**What experience you’ll bring**

**Qualifications**:

- Relevant Bachelor's degree and/or relevant industry qualifications are desirable.

**Skills & Experience**:

- 1-3 years of experience in a risk, compliance, audit, or operational role, preferably within a financial services or regulated environment.
- Foundational understanding of risk management principles, incident management, and control environments.
- Strong analytical and problem-solving skills with keen attention to detail.
- Excellent written and verbal communication skills, with the ability to articulate complex information clearly and concisely
- Proficiency in using risk management systems (e.g., Nlighten) and Microsoft
- Office Suite (Excel, Word, PowerPoint).
- Ability to work collaboratively within a team and effectively engage with various stakeholders.
- Proactive approach to identifying issues and a commitment to continuous improvement.
- The ability to absorb and understand specific division operations and, therefore regulatory landscape. Specific prior experience working in an operational role within the relevant division is advantageous.

**The benefits of working at A&G**

- **Be rewarded** - we recognise high performance and reward our people for their hard work through bonuses and other perks.
- **Options for leave** - life happens, so