Risk & Control Manager - Line 1 Risk (Fmg)

Manager (Line 1 Risk) - Two Year FTC

Are you ready to join Financial Markets Group to play a pivotal role in transforming risk management at the Reserve Bank of Australia?

We are seeking an experienced risk professional to join us in a strategic Line 1 role, supporting FMG leaders to uplift risk culture and progressively mature our risk management practices.

Reporting directly to the Senior Manager (Line 1 risk), this newly created role will enhance our management of material risks and ensure we stay ahead in an ever-evolving risk landscape.

As a Manager you will:
- Assist with the development and implementation of a strategy for risk transformation within FMG.- Coach departmental leaders and team members to embed a strong risk culture. Drive risk awareness and action-oriented ownership of risk throughout the department.- Provide support and expertise to the departments in their identification, assessment and management of risk and controls to support the achievement of business objectives.- Assist FMG operations to align with the RBA's risk management strategy, risk appetite and supporting frameworks, policies, and standards.- Coach and support the department to develop adequate controls to mitigate material risk exposures. Support the control owners to test key controls on at least an annual basis.- Support proactive consideration of the risk and control implications of change activities to drive timely and cost-effective incorporation of future controls.- Provide risk advice in the assessment, root cause analysis and remediation of risk incidents.- Monitor and report on the effectiveness of FMG's risk management practices to senior management, highlight gaps and further escalate as required.- Assist in ensuring the quality of risk data within the RBA's risk management system by monitoring and reporting on data hygiene.- Contribute to a community of practice and share best practice to deepen understanding and drive consistency in risk management practices across the RBA.- Work collaboratively with our Enterprise Risk and Compliance Team (Line 2) and Internal Audit to provide integrated assurance to the Governance Board and Audit & Risk Committee.- Support reporting to the Governance Board and Management Committee meetings.

Your Background- 8 years + experience in a Line 1 or Line 2 operational risk and compliance role, preferably within Financial Services.- Demonstrated experience in non-financial risk management, supporting the learning and development of business stakeholders.- Demonstrated ability in supporting a business to strengthen risk culture and risk management practices.- Experience in design, build and implementation of risk and compliance frameworks, coaching and training.- Understanding of Bank-wide (or similar organisation) risk and compliance management frameworks, policies and standards.- Relevant tertiary qualifications in economics, finance, risk, compliance or related discipline, or equivalent experience.- Demonstrated negotiation and resolution management skills.

Be More

Working for an organisation that truly makes a difference to the people of Australia, we can offer development and career opportunities in a collaborative environment that supports your growth, wellbeing and promotes flexibility. Your individual growth and success drives the RBA forward as an organisation. Be more means you can do more, for yourself and for Australia.

Why RBA?

The RBA makes an important contribution to the Australian economy through the pursuit of national economic policy objectives and associated activities in financial markets and banking. We also issue Australia's banknotes and operate infrastructure critical to the payments system, all of which contribute to the welfare of the Australian people.

Made up of specialists across a wide range of fields, our people, values, and culture play a critical role in achieving our objectives. Striving to be Open & Dynamic, we consider and incorporate different perspectives, work across teams and are transparent with each other, whilst delivering quality together effectively and focusing on outcomes by prioritising, testing, learning, and refining as we go.

Our people conduct themselves with a high degree of integrity, while striving for excellence in the work they perform and the outcomes they achieve. We encourage intelligent inquiry and we treat one another with respect while promoting the public interest through our efforts.

We know it is the growth and success of our people that drives the RBA forward. Come and make a bigger contribution while you build and develop your own skills too, because being more means you can do more, for yourself and for Australia.

Application Close:
April 12, 2025

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