Senior Financial Risk Manager

Challenger Limited is an ASX-listed investment management firm managing $123.9 billion in assets (as at 30 June Life with us is fast moving and always exciting. Together we're driving to deliver our vision to provide our customers with financial security for a better retirement.

We achieve this goal by providing a work environment where people from diverse backgrounds, with a range of skills and experiences can contribute and succeed.

Join us as a Senior Financial Risk Manager

• An important role where you can drive strategic improvements and leave a lasting impact on our market and liquidity risk processes.

• Operating as a true financial risk partner and Market and Liquidity risk SME, you'll work collaboratively with stakeholders across investment, credit risk, and actuarial teams on a range of projects and analyses.

• We work flexibly from our Sydney CBD Office where you can expect to work 3 days in the office and 2 days from home.

• We are open to considering applicants at both a Manager and Senior Manager level.

About the role

Our Financial Risk Team are a dedicated team of five professionals who oversee market and liquidity risk, the daily hedging process, and analyse exposures to various asset classes. The team collaborates with investment, credit, actuarial teams and management to manage financial risks and assists the CRO in defining financial risk appetite.

As Senior Financial Risk Manager you'll play a crucial role in identifying, assessing, and monitoring market and liquidity risks across our investment portfolios. You will work closely with senior management, portfolio managers, and other stakeholders to assess investment and risk management strategies that align with Challengers strategic objectives.

• Risk Modelling and Analysis: Conduct comprehensive risk analysis, implement modelling improvements, and ensure robust systems and processes.

• Risk Reporting and Monitoring: Prepare risk reporting and monitor portfolio risks.

• Business Partnering & Collaboration: You'll collaborate and partner with portfolio managers and other key business stakeholders to evaluate new investment proposals and hedging strategies and provide meaningful risk insights and SME guidance.

• Stress Testing and Scenario Analysis: Participate in stress testing and scenario analysis to test our crisis management framework and ensure Challenger's resilience.

• Projects and Continuous Improvement: Manage and refine risk processes, contribute to strategic projects across the Challenger Group and Challenger Life Company.

• Policy and Risk Committee Contributions: Prepare Risk Committee papers and policies, providing meaningful insights into financial risk.

The skills you'll need

You'll have demonstrably strong experience in the banking or asset management industry with a clear focus on market- and liquidity risk. This will be coupled with a deep understanding of financial instruments, their valuation, hedging strategies, and risk modelling with a strong grasp of financial risk management concepts (market, credit, liquidity).

You'll need to have experience in identifying, assessing, evaluating, and managing market and liquidity risks with a track record of analysing complex problems and then developing and driving effective solutions.

As well as;

• Proficiency in portfolio risk modelling and analytics, including Value-at-Risk, Expected Shortfall, stress testing, and liquidity ratios/projections.

• High-level user of Excel and other MS Office applications, intermediate SQL, Bloomberg, and risk management software.

• Relevant academic qualifications in a quantitative or financial discipline with a numerical or finance-related undergraduate degree.

• Post-graduate qualifications and certifications like GARP, PRM highly desirable

• Proven track record in investment management or trading would also be highly desirable.

Additional Information

At Challenger, we're small enough to be agile, but big enough to accelerate bold ideas. We support your growth and development, offering flexibility and a culture that values your unique contributions.

• Competitive discretionary bonus scheme

• 18 weeks paid parental leave for all new parents

• Challenger Day – one extra day off every year in recognition of the effort our people make.

• Additional support leave (fertility, gender affirmation)

• Extra superannuation contributions

• Employee share plan

• Employee Assistance Programme

• Subsidised on-site café and central location near Martin Place Metro

• Access to free onsite yoga, mindfulness and Pilates classes.

• Access to annual free flu shots.

Challenger's employee value proposition guides how we work: Grow and realise your potential, supporting each other, stronger together and making things happen. Our culture encourages curiosity, considered thinking and meaningful contribution, with opportunities to build a broad and rewarding career.

We are committed to fostering a safe, inclusive and respectful workplace where people of all backgrounds, identities and ways of thinking can thrive, and promoting flexible working to support work-life balance.

Challenger is proud to be a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality, a Family Friendly Workplace and recognised as a Bronze Employer in the Australian Workplace Equality Index (AWEI), the national benchmark for LGBTQ+ workplace inclusion.

Job type:

Permanent

Posting Close Date :

12/12/2025

About Us

Life at Challenger is fast moving and always exciting. Together we're driving to deliver our vision to provide our customers with financial security for retirement.

Our people bring their diverse backgrounds and perspectives to a workplace which is inclusive, flexible, and driven by our values – act with integrity, aim high, collaborate and think customer.

Our environment is one where our passionate teams can thrive. Our people quickly discover that a role at Challenger is much more than just a job. Our working environment is unique and encourages our employees to share their ideas and feel empowered to tackle new opportunities.