Investment Business Risk Specialist

Careers with Impact

More than one million Australians trust HESTA with their money. HESTA is a top-performing industry super fund working for real-world impact. We use our expertise and influence to deliver strong long-term returns while accelerating our contribution to a more sustainable world.

HESTA is also an inspiring and rewarding place to work. That's because what we do makes a difference to the lives of our members. The people who work at HESTA are not only exceptional at what they do, they're focused on living and creating a strong organisational culture. We're an industry super fund dedicated to the people who keep our communities going. People who provide some of the best health, education and community services in the world are HESTA members – and we are proud to serve them.

Bring your authentic and passionate self to this exceptional role #careerswithimpact

We have a new opportunity to further develop our first line risk function across Investment Execution which includes: Investment Operations, Data and Systems, Performance, Risk and Operations Due Diligence.

In the role of Investment Business Risk Specialist, you will manage and evolve operational risk practices and awareness across the Investment Execution (IE) team, supporting team leaders fulfill their risk responsibilities based on the Enterprise Risk Framework, Investment Governance Framework, operational risk management in investments and meeting relevant regulatory requirements.

You will provide subject matter expertise, advice and coaching to the IE team on risk and control self-assessments, oversight and assessing the effectiveness of controls, incident management, implementing improvements and corrective actions.

You will review and monitor all IE team practices, business procedures and processes to ensure they are appropriately controlled, compliant with existing regulations, uplifted to address new regulations (e.g. CPS230) and aligned with enterprise-wide frameworks, policies and controls. This will include partnering with 2nd line regulatory change and risk teams and first line risk colleagues in other functions.

About you

Passionate about financial markets, you'll be an experienced risk and governance professional who knows how to spot potential pitfalls early and turn them into opportunities for stronger outcomes. You'll engage confidently with stakeholders—collaborative in approach, independent in judgment—helping to safeguard both performance and integrity.

Key to success in this role is demonstrated experience in an audit or risk team or similar first line risk role, experience dealing with regulator requests within the financial services industry and experience in the development and maintenance of operational risk framework requirements.

Essential knowledge includes demonstrable experience with control self-assessments oversight and assessing the effectiveness of controls.

You will have working knowledge of superannuation and investment management, including the regulatory environment, operational risk management including process mapping, controls and risks associated with data governance, middle and back-office processes.

Benefits that matter and make a difference for our employees

• Leave for those moments that matter, an additional 6 days of leave at the end of year, up to 6 days paid volunteer leave, gender neutral paid parental leave of 20 weeks, Gender Affirmation leave, reproductive health and wellbeing leave, Cultural and Ceremonial leave. Access your LSL after 3 years, take AL at half pay, and purchase up to 2 weeks additional leave (just to name a few).
• Your Professional development matters, up to $5k per year professional development and up to 8 days professional development leave, HESTA scholarships and free access to a range of premium learning tools.
• Your health and wellbeing matters, free annual flu shots and skin checks, incredible social events throughout the year and a comprehensive employee assistance program available 24/7.
• Your financial wellbeing matters, up to 15% super, financial planning support, end of year payment for all Enterprise Agreement-covered employees, incentivised Employee Referral Program and novated lease options.

We celebrate, value and include people of all backgrounds, genders, identities, cultures and abilities. We welcome and support applications from First Nations people, physically, neuro or culturally diverse, LGBTQI+, and people of any age. We are proud to be WGEA accredited as an Employer of Choice for Gender Equity.

We want all candidates to feel safe, included and provided with the best opportunity to thrive, if you require reasonable adjustments during your application or throughout the recruitment process, please reach out to a member of the Talent team and we'll call you to discuss.

Please note: Applications via recruitment agencies will not be accepted for this position