Investment 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

Bring your investment risk expertise to HESTA. Join our growing Investment Risk team, where you'll play a key role in strengthening our capabilities and driving impactful outcomes for our members.

What You'll Do

As the Investment Risk Specialist, you will collaborate with the General Manager Investment Risk to monitor and oversee HESTA's risk management and governance framework as it applies to the activities of the Investment Management and Investment Execution teams. You'll also partner with these teams and contribute to Investment risk management capabilities. Key responsibilities include:

Risk analysis and modelling

• Work with the Investments and Investment Execution teams to develop and implement risk and data analytics, tools and reports; understand key risks and adherence to HESTA's risk management and governance frameworks.
• Monitor and evaluate investment risk metrics and models including value at risk (VaR), stress testing, risk adjusted performance, asset allocation and investigate underlying drivers of changes.
• Counterparty and liquidity risk review and oversight.

Model risk management

• Investment Risk performance and continuous improvement.
• Identify potential areas of organisational vulnerability relating to investment risk and provide technical and qualitative advice as required.
• Collaborate with various business teams to direct risk issues to appropriate channels for investigation and resolution.
• Understand, articulate and communicate HESTA's investment risk management and governance processes to internal and external stakeholders.
• Review and provide constructive challenge around areas of risk-taking activity.

Reporting

• Provide support into the preparation of risk reporting for various committees (including Investment and Risk Committees).

What You'll Bring

Extensive experience in a similar investment risk role, ideally from superannuation, financial services and/or consulting firms. Your breadth of experience spans across investment risk analysis, quantitative modelling, coupled with a demonstrated interest in investments and markets. Experience in model risk management, validation or development is also desirable. You are highly analytical with curiosity, work ethic and effective communication, influencing and stakeholder relationship management skills.

Tertiary qualifications - a Bachelor's degree and/or postgraduate degree (Master's or PhD) in a quantitative discipline (e.g. engineering, actuarial science, finance/economics, mathematics, statistics, physics) is required; and professional certifications (e.g. CFA, FRM) will be advantageous.

If you're passionate about investment risk (or markets) and want your work to have real impact, we'd love to hear from you - Apply now

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, 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.