Risk Analyst - Line 1

• Hybrid work environment
• Fixed Term Contract until 30 June 2027
• Play an important part shaping the future of our iconic Australian institution

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About the business/role/team

New opportunity for a Risk Analyst to join our Line 1 Risk Management community, where you will work closely with key Line 1 departments and the Line 2 CRO team to strengthen the Bank's risk culture and risk and compliance management practices.

About the role

• Lead and/or contribute to the design and implementation of target state operational risk and compliance frameworks, policies and standards.
• Provide subject matter expertise, coaching, training and guidance to support business areas in implementing and embedding enhanced risk management practices.
• Support the preparation and delivery of risk and compliance reporting, providing meaningful insights to stakeholders and contributing to effective governance outcomes.
• Conduct control testing and related assurance activities to assess the effectiveness of key controls and support compliance with the Bank's risk management frameworks, policies and standards.
• Manage internal and external relationships and collaborate effectively with key stakeholders to drive strong risk and compliance outcomes.

About you

• Demonstrated ability to support business areas and Line 2 stakeholders in strengthening risk management practices.
• Demonstrated understanding of current industry best practice in risk and/or compliance frameworks and practices, preferably within central banking or the broader financial services sector.
• Demonstrated ability to communicate accountabilities and responsibilities within a mature Three Lines of Accountability (Three Lines of Defence) model.
• Demonstrated ability to identify and anticipate risk and/or compliance-related challenges arising from the Bank's strategy and operational processes.
• Sound understanding of organisation-wide risk and compliance frameworks, policies and standards, with the ability to monitor compliance, provide guidance and influence business and Line 2 stakeholders.
• Experience supporting risk reporting, control testing and/or assurance activities will be highly regarded.

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.

The Reserve Bank of Australia is committed to equity, diversity and inclusion through key initiatives. We welcome and encourage applicants from diverse backgrounds to apply, including Aboriginal and Torres Strait Islander peoples, culturally and linguistically diverse background, those living with a disability and from the LGBTQ+ community. We are committed to making the recruitment process fair and equitable for all our candidates.