Head of Enterprise & Operational Risk

BNK Banking Corporation; Sydney; Hybrid; AUD 250,000 - 360,000; Full time

Benefits offered by this job

Flexible working arrangements

Modern Sydney office

Work from home options

Job summary

BNK Banking Corporation is seeking an experienced Head of Enterprise & Operational Risk to design, implement and continuously enhance BNK’s risk framework in line with APRA standards and BNK’s growth strategy.

The role leads two risk professionals, provides independent challenge to the first line, and partners with stakeholders to support responsible growth and regulatory compliance across the enterprise.

Qualifications

• Minimum 15 years' experience in enterprise risk, operational risk, non-financial risk or related second-line risk functions.
• Experience designing and implementing enterprise risk frameworks and risk taxonomies.
• Strong working knowledge of APRA CPS 220, CPS 230 and CPS 234.
• Experience preparing Board, Committee and regulator-facing risk reporting.
• Collaborative mindset with the ability to balance governance with commercial outcomes.

Responsibilities

• Design, implement and continuously improve BNK's Enterprise and Operational Risk Management Framework aligned with APRA standards, Board risk appetite and BNK’s growth strategy.
• Provide expert advice and independent second-line oversight across the organisation.
• Identify emerging, concentration and interconnected risks across operational, compliance, conduct and credit risk categories.
• Lead the redevelopment, maintenance and application of BNK's enterprise risk taxonomy.
• Oversee identification of critical business services, impact tolerances and disruption scenarios.
• Design and operate second-line controls testing and assurance programs.
• Evaluate the effectiveness of key controls and challenge first-line risk management practices.
• Provide independent assurance reporting to the CRO, Board committees and Internal Audit.
• Lead the ongoing development and embedment of the Bank's Three Lines of Defence model.

Skills

Strategic risk management

Stakeholder management

Regulatory compliance

Leadership

Second line of defence

Education

Tertiary qualification in Risk, Finance, Commerce, Law or related discipline

Tools

APRA standards knowledge

Risk taxonomy design

Job description

We are seeking an experienced and strategically minded Head of Enterprise & Operational Risk to join the BNK team.

Reporting directly to the Chief Risk Officer and operating within the second line of defence, this critical leadership role is responsible for the design, implementation and ongoing enhancement of BNK’s Enterprise and Operational Risk Framework.

As BNK continues to grow as a technology-enabled challenger bank, you will play a key role in building and strengthening our risk architecture, including risk taxonomy, operational resilience, risk frameworks, controls assurance and risk culture. You will provide independent and constructive challenge to the first line, while partnering with stakeholders across the business to support sustainable growth and regulatory compliance.

Leading a team of two risk professionals, you will be a key contributor to BNK's compliance with APRA prudential standards, particularly CPS 220 and CPS 230, while helping shape the future risk maturity of the organisation.

What you will bring

Extensive experience within banking or financial services risk management.

Minimum 15 years' experience in enterprise risk, operational risk, non-financial risk or related second-line risk functions.

Demonstrated experience designing and implementing enterprise risk frameworks, operational risk frameworks and risk taxonomies.

Strong working knowledge of APRA prudential standards, particularly CPS 220, CPS 230 and CPS 234.

Proven ability to establish and oversee operational resilience, business continuity and control assurance programs.

Experience preparing Board, Committee and regulator-facing risk reporting.

Exceptional stakeholder management skills with the ability to influence and challenge senior leaders effectively.

Tertiary qualification in Risk, Finance, Commerce, Law or a related discipline.

A collaborative mindset with the ability to balance governance requirements with commercial outcomes.

Key Responsibilities

Design, implement and continuously improve BNK's Enterprise and Operational Risk Management Framework ensuring they are in alignment with APRA prudential standards, Board risk appetite and BNK’s growth strategy.

Provide expert advice and independent second-line oversight across the organisation.

Identify emerging, concentration and interconnected risks across operational, compliance, conduct and credit risk categories.

Lead the redevelopment, maintenance and application of BNK's enterprise risk taxonomy.

Oversee identification of critical business services, impact tolerances and disruption scenarios.

Design and operate second-line controls testing and assurance programs.

Evaluate the effectiveness of key controls and challenge first-line risk management practices.

Provide independent assurance reporting to the CRO, Board committees and Internal Audit.

Lead the ongoing development and embedment of the Bank's Three Lines of Defence model.

About BNK

We offer simple and easy to understand deposit accounts and mortgages under a number of brands: Goldfields Money, complemented by the Better Choice Home Loans brand, distributed via mortgage brokers nationally. This unique combination allows us to develop competitive products that meet its changing customer needs, leveraging its low-cost, technology-driven model.

We are focused on becoming a challenger bank of scale through building its product portfolio, growing its diversified distribution network, and pursuing technology enabled partnering opportunities.

Why you will love working at BNK Bank

The BNK Culture, specifically the positive vibes, capability and enthusiasm in the business which is apparent from the moment you walk through the door.

Modern centrally located Sydney CBD office

Flexible working arrangements available including work from home options.

Collaborative team environment where colleagues work together to leverage their strengths so that they can help more customers achieve their banking goals.

BNK Culture

Our culture is all about teamwork and is underpinned by our 5 core values;

• Work hard -Successful people have a special trait, they work hard, they don’t give up, they learn from failure and then they succeed on purpose
• Innovation -Think big, remain flexible, stay ahead of the curve and get the job done
• Trust -Protect the trust we build with our customers and each other. It is hard to build and easy to lose
• Humility -Let others shine by helping them achieve more than they thought was possible
• Unity -We are in this together, even when the going gets tough

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