Head of Enterprise & Operational Risk

BNK Bank; Sydney; Hybrid; AUD 260,000 - 360,000; Full time

Benefits offered by this job

Flexible working arrangements

Sydney CBD office

Work from home options

Job summary

BNK Bank seeks an experienced Head of Enterprise & Operational Risk to design, implement and enhance BNK’s risk framework. Reporting to the Chief Risk Officer, you will lead second-line risk activities, strengthen risk taxonomy and resilience, and provide independent challenge to the first line while supporting growth and regulatory compliance.

You will oversee a small team, ensure alignment with APRA CPS 220/230, and drive risk reporting to Boards and regulators, shaping BNK's risk maturation

Qualifications

• Extensive banking or financial services risk management experience.
• 15+ years in enterprise/operational/non-financial risk or related second-line functions.
• Experience designing and implementing risk frameworks and taxonomies.
• Strong knowledge of APRA standards CPS 220, CPS 230 and CPS 234.
• Proven ability to establish and oversee resilience, continuity and control programs.
• Experience preparing Board, Committee and regulator-facing risk reporting.
• Ability to influence senior leaders and manage stakeholders.
• Collaborative mindset balancing governance with commercial outcomes.

Responsibilities

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

Skills

Enterprise risk management

Operational risk

APRA prudential standards

Stakeholder management

Regulatory reporting

Leadership

Governance & risk culture

Education

Tertiary qualification in Risk, Finance, Commerce, or Law

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