Operational Risk Manager
Operational Risk Manager
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Job Description
We are looking for a Manager Operational Risk to join our 2nd Line Group Risk and Compliance Team
This is a highly visible role in the business and will be responsible for the operational oversight of Operational Risk across five key areas:
1 Framework Development
Design enhance implement and own the Operational Risk Management Framework in line with the Cuscals regulatory requirements (e.g. APRAs CPS 230 industry best practices and operating environment in line with three lines of defence
Ensure line 2 risk management capability is built and sustained to review challenge oversight and assurance reinforcing line 1 accountability with the business owners
Develop and maintain comprehensive operational risk metrics policies and procedures.
2 Risk Transformation
Play a crucial role as the Operational Risk SME in Program Diamond to ensure that the risk framework design is fit for purpose and suitable to Cuscals business and operational environment and ways of working.
This would involve looking at the endtoend risk value chain and transform how we manage risks across 3LoD from a people process and technology perspective
3 Business Risk Advisory
Review and challenge risk/RiC assessments adequacy and effectiveness of risk mitigation strategies controls and action plans implemented by 1st line teams.
Critically assess incidents breaches and near misses to identify systemic issues and recommend appropriate remediation actions.
Ensure the continuous improvement of risk management practices by engaging with business units to provide constructive feedback and challenge assumptions.
Act as a trusted advisor to senior leadership and business units on operational risk matters including emerging risks regulatory changes and industry trends.
Drive education and training programs to elevate operational risk awareness and capabilities across the organisation.
Collaborate with product client and technology teams to ensure operational risk considerations are integrated into new initiatives system changes and major projects.
4 Oversight and Monitoring
Oversee the implementation of key risk indicators (KRIs) risk control metrics and performance dashboards to monitor our operational risk exposure on an ongoing basis.
Prepare data driven risk reports for executive committees providing clear and actionable insights into key operational risks trends and emerging issues.
Oversee incident and issue management and remediation including timely escalation root cause analysis and lessons learned.
5 Risk Governance
Oversee monitor and maintain standards/processes to ensure risk system integrity
Develop Operational risk reporting to relevant committee forums ensuring risk information is data driven comprehensive accurate and insightful.
Work closely with internal audit and compliance functions to ensure a coordinated approach to risk management and control assurance.
Maintain and update risk governance documents including terms of reference for committees and support risk committees as required.
Qualifications :
About You
To be successful in this position you will have the following skills and experience:
5 years of experience in Operational Risk management within the finance and banking industry
Solid understanding of relevant laws and regulations industry codes standards prudential requirements
Demonstrated experience in operational risk and compliance roles in the financial services sector including the design and implementation of effective risk and compliance management frameworks and a sound knowledge of APRA prudential standards.
Demonstrated experience in building risk and compliance maturity and capability across the first and second lines of defence and experience/exposure to better industry practice
Strong interpersonal and communication skills with the ability to build effective workplace relationships.
Proficient in executing change management activities
Additional Information :
Whats it like to work here
As well as good pay and a great culture we back our employees by helping them work towards industryrecognised qualifications using online learning training modules and career planning tools for you to grow with us. We are committed to providing a diverse and inclusive workplace where the very best talent in Australia chooses to work. We support our colleagues with flexible work arrangements through our hybrid model whilst also offering a wide range of financial lifestyle health & wellbeing benefits.
Next Steps
If you think this role is the right fit for you we invite you to apply. Lets explore who you are and what drives you. Wed love to share our vision for the future of payments sector. Please note candidate screening and interviews may be conducted prior to the closing date of the job advert.
Cuscal does not accept unsolicited resumes from recruitment agencies and search firms. Please do not email or send unsolicited resumes to any Cuscal employee location or address.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
