Manager, Risk Transformation (18-month max term)

ASX; Sydney; Hybrid; AUD 140,000 - 190,000; Full time

Benefits offered by this job

Hybrid work model

Flexible work arrangements

Job summary

ASX in Sydney is seeking a Clearing Risk Policy expert to lead the embedment of enterprise risk initiatives into policy design. You will work with CRP and risk partners to ensure alignment with governance and standards, embedding risk appetite and regulatory obligations into policy frameworks.

You will also develop and maintain the policy risk profile, and design controls and testing expectations. The role involves coordinating changes across frameworks, and socialising updates with stakeholders

Qualifications

• Experience in risk profiling and implementing risk control frameworks.
• Experience in financial risk management (market/credit/liquidity) or regulatory capital in a financial institution.
• Strong analytical ability with solid mathematical/statistical capabilities.
• Knowledge of financial risk management concepts and techniques.

Responsibilities

• Collaborate with Risk Transformation and CRP to align policy design with updated enterprise risk architecture.
• Embed risk appetite and regulatory obligations into policy requirements and decision criteria.
• Develop and maintain the policy risk profile to align with risk management framework.
• Design and document effective controls and testing expectations within the framework.
• Coordinate and track implementation of changes across frameworks and documents.

Skills

Risk profiling

Risk control frameworks

Financial risk management

Analytical ability

Statistical knowledge

Job description

ASX: Powering Australia's financial markets

Why join the ASX?

When you join ASX, you’re joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you’ll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub.

We are more than a securities exchange!

The ASX team brings together talented people from a diverse range of disciplines.

We run critical market infrastructure, with 1 in 3 people employed within technology. Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We’re proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture. Our employee-led networks champion LGBTIQ+ inclusion, promote gender equality, accessibility and wellbeing, inspire giving and volunteering, and celebrate cultural and religious events, creating a sense of belonging for all. As an AWEI Bronze employer and member of the Champions of Change Coalition for gender equality, we’re committed to a fair and inclusive workplace where everyone can thrive.

About The Team

To serve as the Clearing Risk Policy team’s subject matter expert on new enterprise risk initiatives, proactively identifying how they affect policies, controls and processes, and planning, executing and maintaining their effective embedment into the policy work.

Clearing Risk Policy (CRP) is responsible for the following in respect of clearing and settlement risk management:

• Sets the clearing and settlement risk policy framework that governs the clearing and settlement risk practices of the CCPs.
• Develops risk policies, guided by ASX risk appetite, domestic and international FMI standards.
• Conducts quantitative and qualitative analysis to develop and inform policy decisions.
• Assesses the appropriateness of new and existing traded products to maintain the integrity of products cleared by the CCPs.
• Ensures good risk governance best practice through comparison of approaches with international peers.

What You Will Be Doing

How we do things at ASX is just as important as what we do. This means, if you're a people leader, you will be responsible for both the core duties outlined below, and providing leadership to your team to ensure we foster a collaborative, inclusive team environment, where people feel empowered, accountable, and deeply connected (as outlined in our Leadership Principles).

• Working with the Risk Transformation team and CRP, ensure full understanding of the scope of the organisation’s enterprise risk change initiatives:
  • Alignment of policy design, structure and drafting of standards with the updated enterprise risk management policy architecture and policy governance approach
  • Embed risk appetite and regulatory obligations into policy requirements, and thresholds/decision-making criteria within the standards
  • Develop and maintain the policy risk profile to ensure it aligns with the enterprise risk management framework
  • Design and document effective controls and control testing expectations which are aligned with the enterprise risk management framework
• Together with CRP, proactively and comprehensively identify which initiatives require embedment in CRP’s work, analyse the nature and magnitude of each impact, and determine the corresponding changes required.
• Develop and maintain forward plans to embed the new risk initiatives into policy business-as-usual ensuring they are consistently applied across all frameworks and documents.
• Work with the CRP team to ensure full and comprehensive embedment of the initiatives above.
• Co-ordinate and track implementation of these changes, ensuring embedment is completed, evidenced and sustained in ongoing policy practice.
• Partner with Line 1 Risk to socialise relevant changes to impacted stakeholders.

What You Will Bring

Must have

• Experience with risk profiling, and risk control frameworks
• Experience in financial risk management (market/credit/liquidity) or regulatory capital experience in a financial institution
• Strong analytical ability, good mathematical/statistical capabilities
• Knowledge of financial risk management concepts and techniques

Nice To Have

• Experience of overseas exchange/clearing house activities
• Knowledge of the Australian financial markets regulatory environment
• Experience presenting to senior management

We make hiring decisions based on your skills, capabilities and experience, and how you’ll help us to live our values.

If you need any adjustments during the application or interview process to help you present your best self, please let us know at [e-mail].

At ASX Group, our diverse workforce is essential to build and maintain a fair and dynamic marketplace. We support flexible working and offer hybrid working options.

We will arrange for successful candidates to have background checks, including reference and police checks, completed as part of the on-boarding process.

To be considered for this position, candidates must be legally authorised to work in Australia on a permanent basis without any restrictions.