Risk & Compliance Analyst

About the opportunity

We're looking for a proactive and detail-oriented Risk & Compliance Analyst to join our team and help drive a culture of integrity, accountability, and continuous improvement.

You will be well-versed in compliance and governance best practices ensuring business adherence to regulatory and ethical standards, including Futurity's policies and procedures.

Your days will involve:

• Assisting with the administration of Futurity's risk and compliance system (system)

• Identifying and interpreting compliance requirements and practices to ensure all high and moderate risk obligations are understood, recorded and managed in a systemised, risk based, evidence based and compliant way.

• Partner with business units to help them understand and apply Compliance frameworks and systems.

• Maintaining the compliance obligation attestation process.

• Assist in the management of escalated Compliance issues and triage matters appropriately, either handling matters personally or redirecting as appropriate.

• Assisting with the preparations related to regulatory reform change, compliance policy/framework development, breach reporting and regular compliance reporting to governing bodies.

• Assist the Line 2 team in maintaining corporate records and registers and ensuring all decisions, discussions and matters arising are accurately and appropriately documented, and notifying statutory bodies of changes.

• Assisting with the preparation of risk and compliance training materials (including completion) and educating teams about regulations, policies and developing best practice

• Identification of Compliance process shortfalls and areas for improvement, and proactively driving changes

• Assisting with regulatory requirements in relation to risk management and compliance obligations and issues.

What you will bring to the position:

• A minimum of 2+ years experience in a compliance role in financial services.

• Risk and Compliance System expertise

• Compliance obligation management, compliance plan management, compliance risk management and compliance reporting to governing bodies experience essential.

• Tertiary qualification in Law or other relevant professional qualification (desirable)

• Experience with regulatory reform preparations, compliance policy/framework development, breach reporting and dealing with regulators is highly desirable

Competencies (knowledge, skills and behaviours):

• Understanding of laws, regulations, guidelines and standards that govern the financial services industry and the regulatory environment in which Futurity operates (ASIC AFSL, APRA Life Insurance Friendly Society, Mutual with own Foundation, AUSTRAC, Privacy, ATO).

• Exhibits sound judgment with the ability to prioritise and make decisions on behalf of the business.

• Comfortable interacting with senior executives, Directors, Lawyers, regulators and other external stakeholders.

• Strong interpersonal, communication skills (written and verbal)

• Highly organised with strong time management skills, and the ability to prioritise work appropriately to successfully manage competing priorities and deadlines

• Excellent computer skills, including the Microsoft Office Suite (Outlook, Word, PowerPoint, and Excel).

• Calm and solutions-focused

About Futurity

Established in 1974, Futurity is Australia's leading issuer of education saving products Futurity Investment Group, we are a mutually structured, independent financial services company with some 46,000 members. Purpose is at the heart of who we are, and our people are empowered to innovate, collaborate and bring fresh ideas to life.

Our purpose is to provide tax-effective financial products that assist our members to save and plan for lifelong education costs.

We advocate for a quality education that is affordable, assessable, and inclusive, and we strive to enable education pathways for people experiencing barriers to education through our philanthropic endeavours.

What we have to offer:

Fundamental to our success is our strong and positive culture through a people focussed approach. We recognise that diversity and inclusion are essential and help to build teamwork and success and are committed to attracting and retaining talent from all backgrounds. We do not discriminate based on race, ethnicity, religion, gender, age, disability, or other characteristics.

Futurity Investment Group is committed to ensuring a positive and collaborative workplace culture, employee benefits and engagement.  We value flexibility and encourage our team members to work in ways that meet their work/life commitments and support their wellbeing.

Some of our perks include:

Hybrid working model (balance home + office)

• Purpose-led: member value at the centre of everything we do.

• Supportive team + genuine growth opportunities.

• 35hr working week

• Progressive employee benefits