Lead Risk Analyst - Line 1

Reserve Bank of Australia; Sydney; On-site; AUD 150,000 - 180,000; Full time

Job summary

Reserve Bank of Australia in Sydney CBD NSW seeks a Lead Analyst to strengthen risk practices within the People & Culture function. You will embed a proactive risk culture and progressively enhance management practices, working across People leaders and reporting to senior management.

The role involves risk identification, control development, and reporting on risk exposures enterprise-wide. You will contribute to board papers and risk transformation initiatives.

Qualifications

• 5+ years in a Line 1/Line 2 risk or compliance role, including People & Culture risk experience.
• Proven ability to translate risk concepts into practical actions and training.
• Experience implementing risk and compliance frameworks and coaching others.
• Strong communication across all organisational levels, incl. C-suite and Board prep.

Responsibilities

• Promote a strong risk culture by fostering proactive ownership of risks and controls.
• Support identification, assessment, and management of risks and controls to meet business objectives.
• Develop and test internal controls to mitigate material risk exposure and support control owners.
• Monitor, report, and escalate gaps in risk management to senior management.
• Provide guidance on risk incidents, root-cause analysis, and remediation planning.
• Log, track, and manage risks, controls, issues, and incidents in the RMS.
• Lead risk transformation activities and privacy-related topics as required.
• Share insights through a community of practice to improve risk management across the organisation.
• Collaborate with Line 2, Compliance and Internal Audit to deliver integrated assurance.

Skills

Risk management

Communication skills

Policy frameworks

Stakeholder engagement

Education

Tertiary qualifications in economics, finance, risk, compliance, or related discipline

Tools

RMS familiarity

Job description

Reserve Bank of Australia – Sydney CBD NSW

• Shape and strengthen risk practices within the People & Culture function.


• Work closely with People leaders to embed a proactive risk culture.

We are seeking an experienced Lead Analyst to join us in a strategic Line 1 role, strengthening our risk culture and progressively enhancing risk management practices.

In this role, you will support People & Culture risk classes and be embedded within the People Department. The successful candidate will play a vital role in proactively managing material risks in an ever-evolving risk landscape.

This position involves influencing across the department, aligning initiatives enterprise-wide, communicating up to C-suite level, and contributing to the development of board papers.

As a Lead Analyst, you will:

• Promote a strong risk culture by fostering awareness and encouraging leaders and team members to take proactive ownership of risks and mitigating controls.


• Support the identification, assessment, and management of risks and controls to help departments achieve their business objectives effectively.


• Assist in developing robust internal controls to mitigate material risk exposure and support control owners in ongoing testing of key controls.


• Monitor and report on the effectiveness of risk management practices, escalating gaps and concerns to senior management where appropriate.


• Provide guidance on risk incidents, including assessment, root cause analysis, and remediation planning.


• Support the accurate identification, logging, and management of risks, controls, issues, and incidents within the Risk Management System (RMS), ensuring adherence to quality standards.


• Lead efforts to build departmental capability through the risk transformation program, including supporting privacy-related topics as required.


• Contribute to a community of practice, sharing insights and best practices to enhance consistency and deepen understanding of risk management across the RBA.


• Collaborate with Line 2, Compliance, and Internal Audit teams to deliver integrated assurance to the Governance Board and Audit & Risk Committee.


• Support the preparation of reporting and analytics to increase awareness and transparency of material risk exposures. Coordinate and lead regular risk forums where insights are shared with the leadership team.

About You

• 5+ years' experience in a Line 1 or Line 2 operational risk and compliance role, ideally including People & Culture risk experience.


• Demonstrated experience supporting the learning and development of stakeholders in practical risk management.


• Proven ability to support organisations in strengthening risk culture and risk management practices.


• Experience implementing risk and compliance frameworks, including coaching and training others.


• Understanding of enterprise-wide risk and compliance management frameworks, policies, and standards.


• Experience in enhancing operational resilience and implementing operational risk management standards in a regulated environment is desirable.


• Relevant tertiary qualifications in economics, finance, risk, compliance, or a related discipline, or equivalent experience.


• Strong communication skills, with the ability to engage across multiple levels of the organisation.

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.