Lead Risk Analyst - Line 1

RBA; Sydney; Hybrid; AUD 180,000 - 240,000; Full time

Benefits offered by this job

Hybrid work environment

Commitment to equity and inclusion

Job summary

Reserve Bank of Australia in Sydney seeks an experienced Lead Analyst to join a strategic Line 1 role, strengthening risk culture within the People & Culture function and progressively enhancing risk management practices.

You will embed within the People Department, influence across the organisation, support risk classes, build capability through the risk transformation program and collaborate with Compliance and Internal Audit to deliver integrated assurance.

Qualifications

• 5+ years in a Line 1 or Line 2 risk and compliance role, with People & Culture risk experience preferred.
• Experience supporting learning and development of stakeholders in practical risk management.
• Proven ability to strengthen risk culture and risk management practices.
• Experience implementing risk and compliance frameworks and coaching others.
• Understanding of enterprise-wide risk and compliance management frameworks, policies, and standards.

Responsibilities

• Promote a strong risk culture through awareness and ownership of risks and mitigating controls.
• Identify, assess, and manage risks and controls to help departments meet objectives.
• Develop robust internal controls and support testing of key controls.
• Monitor and report on risk management effectiveness, escalating gaps to senior management.
• Provide guidance on risk incidents, root cause analysis, and remediation planning.
• Identify, log, and manage risks, controls, issues, and incidents within the RMS.
• Contribute to risk transformation programs and privacy-related topics as required.
• Share best practices to enhance consistency across the Risk Management function.
• Collaborate with Line 2, Compliance, and Internal Audit for integrated assurance to governance bodies.
• Support reporting and analytics to raise awareness of material risk exposures and run risk forums.

Skills

Risk management

Compliance

Stakeholder engagement

Communication

Risk culture

Education

Economics/Finance/Risk/Compliance degree

Tools

RMS (Risk Management System)

Job description

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.

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

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

Hybrid Work Environment - 50% Office/Home

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.

October 05, 2026