- Support the Bank to embed a culture of effective risk management and contribute to the ongoing improvement and implementation of the operational risk management framework and system.
- Assist in formulating an independent view of the state of operational risk management practices within the Banking business.
- Contribute to the identification and mitigation of emerging risks across the Bank by maintaining an understanding of relevant industry and regulatory developments.
- In conjunction with Bank stakeholders, assist in identifying, assessing, mitigating, and monitoring operational risks using a consistent operational risk management framework and approach.
- Conduct independent reviews of Bank risk profiles (for completeness, currency, and consistency) and discuss the outcomes with the Business with the view to ensuring an appropriate assessment and, if required, escalation to risk management where further consideration by the Business is required.
- Conduct risk monitoring activities by analysing risk events, audit reports, due diligence reports, tracking key risk indicators, external events, and emerging risks through constant contact with the Business, for example by attending Bank risk and compliance meetings and forums.
- Escalate any material adverse matter, systemic issue, or inaction to their Operational Risk Manager for resolution where required.
- Proactively lead, coach, and develop the capability of the Bank in the areas of the operational risk management framework and methodology to help the business improve its risk identification and management skills.
- Support the Business by providing operational risk assessments for projects, initiatives, product/process designs, etc., and where required, facilitate risk workshops to help the business agree on risk ownership, risk and control indicators, and associated benchmarks.
- Support the Business in the efficient and effective use of the Bank’s risk systems.
Key Deliverables:
Reporting to a manager-level supervisor, support the team in the:
- Third-party risk assessment, with a particular focus on material outsourcing assessment in compliance with CPS231 prudential standard;
- Preparation of APRA packs related to consultation on material outsourcing;
- Ad-hoc data analysis and reporting in the context of CPS231 and CPS230 prudential standards;
- Preparation of Status Report and Management dashboard;
- Preparation of documents to support business engagement (for example to confirm the outcomes of analysis and collect stakeholder feedback).
Skills and experience required:
- 4 – 8 years of Banking and Financial Services risk management
- Demonstrated experience in the Key Responsibilities
- Senior consultant-level experience in Banking risk management function
- Able to work autonomously with gravitas to gain the risk team’s and business partners’ confidence
- Excellent attention to detail and written and report writing skills
Logistics:
Start: Immediate, 24 March 2024 start Duration: Three to Six Months
Location: Brisbane. Remote possible for the right candidate
Rates: The daily rate to the consultant will be $1,010 per day paid plus gst to the right professional.
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Application Close date: No later than Thursday 21st March 2024, 4pm AEST
APT’s must be lodged within 48 hours. We will review all APT’s and select the best 3 for the client. The client will then conduct interviews. Please note that the net rate quoted is an ICG Affiliate rates available for ICG Members only. Any previously agreed and documented rates for candidates introduced to ICG via approved 3rd parties will be honoured.