Manager - Strategic and Financial Risk

Medibank; Sydney; On-site; AUD 140,000 - 170,000; Full time

Job summary

Medibank in Sydney seeks a Manager, Strategic & Financial Risk to strengthen oversight of strategic and financial risks and support long-term resilience. You will partner with stakeholders to evolve risk frameworks and provide independent challenge on critical initiatives and plans.

You will facilitate risk assessments, scenario analyses and horizon scanning, integrating climate risk where relevant and delivering high-quality insights for senior leadership and risk committees.

Qualifications

• Experience in Strategic Risk, Financial Risk, Enterprise Risk Management within a regulated industry.
• Experience working with Second Line Risk in an APRA-regulated environment.
• Knowledge of climate risk or willingness to upskill quickly.
• Strong understanding of ERM principles, risk appetite and oversight practices.
• Experience facilitating risk assessments, workshops and scenario analysis.
• Ability to analyse complex information and communicate insights clearly.
• Strong stakeholder management and communication skills with credibility.

Responsibilities

• Support development and continuous improvement of risk frameworks, methodologies, risk appetite and reporting.
• Provide independent oversight and constructive challenge on strategic initiatives, plans and investments.
• Facilitate strategic and financial risk assessments and scenario analysis across the organisation.
• Monitor strategic and financial risks and emerging trends affecting objectives.
• Consider climate-related risks as part of risk taxonomy and reporting where relevant.
• Conduct horizon scanning and risk analysis on market, regulatory and tech changes.
• Prepare high-quality risk insights and governance materials for senior leaders and risk committees.
• Partner with stakeholders to embed risk considerations into planning and execution.

Skills

Strategic Risk

Financial Risk

Enterprise Risk Management

Job description

It’s a strange thing to say, because us humans are capable of incredible things. And at Medibank, we know our greatest potential lies in the people who work with us.

We strive to make real, fundamental change, driven by a simple purpose: to create the best health and wellbeing for all of Australia.

The Opportunity – Manager, Strategic & Financial Risk (12 Month Fixed-Term Contract)

This role plays a key part in strengthening Medibank's oversight and management of strategic and financial risks, helping to ensure our business objectives are achieved within risk appetite while supporting long-term organisational resilience and performance.

You will partner with stakeholders across the business to provide specialist strategic and financial risk advice, independent oversight and constructive challenge. You will support the ongoing evolution of Medibank's strategic and financial risk frameworks, while contributing to key enterprise risk initiatives and decision‑making processes.

How you will create value

In this broad and dynamic role, you will add value by:

• Supporting the development and continuous improvement of Medibank's strategic and financial risk frameworks, methodologies, risk appetite measures and reporting practices.


• Providing independent oversight and constructive challenge on strategic initiatives, business plans, portfolio performance, projects, investments and emerging risk exposures.


• Facilitating and supporting strategic and financial risk assessments, workshops and scenario analysis activities across the organisation.


• Monitoring strategic and financial risks, emerging trends and external developments that may impact Medibank's objectives and performance.


• Considering climate-related risks as part of the risk taxonomy, assessment methodology, reporting and integration with financial risk oversight, where relevant.


• Conducting horizon scanning and risk analysis to identify opportunities and threats arising from market, regulatory, technology and competitive changes.


• Preparing high-quality risk insights, reporting and governance materials for senior leaders and risk committees.


• Partnering with business stakeholders to embed strategic and financial risk considerations into planning, decision‑making and execution monitoring processes.

About you

You are an experienced risk professional who combines strong analytical capability with commercial thinking and stakeholder engagement skills. You are comfortable providing independent challenge, assessing complex business issues and translating strategic and financial risk insights into practical recommendations.

Key attributes and experience include:

• Demonstrated experience in Strategic Risk, Financial Risk, Enterprise Risk Management or related disciplines within a heavily regulated industry such as banking, insurance, health insurance or broader financial services.


• Experience working within, or partnering closely with, Second Line Risk functions in an APRA‑regulated environment.


• Knowledge and understanding of climate risk, or a strong willingness to rapidly upskill in climate risk


• Strong understanding of enterprise risk management principles, risk appetite frameworks and strategic risk oversight practices.


• Experience facilitating risk assessments, workshops, scenario analysis and emerging risk activities.


• Ability to analyse complex information, identify key risk themes and communicate insights to a range of stakeholders.


• Strong stakeholder management, influencing and communication skills, with the ability to build credibility and provide constructive challenge.

Imagine working with us

We understand that work means different things to everyone... We know happy, healthy people make great teams, and great teams put more heart into each customer and patient interaction. And that’s why we’re reinventing work.

Imagine a workplace that helps you and your family thrive. Where connection, personal development and health and wellbeing are front of mind. To learn more about our benefits go to https://careers.medibank.com.au/culture/rewards-benefits/

For you, work should help you Live Better. It should bring you fulfillment and joy. And with Medibank, it could.

Inclusion and Accessibility

We believe in everyone's potential and strive to make Medibank inclusive for all because different perspectives make us better. We encourage applications from everyone, including Aboriginal and Torres Strait Islander peoples, neurodivergent candidates, LGBTQIA+ community including transgender and gender diverse candidates and candidates with a disability.

Medibank proudly recognised as Best Enterprise Organisation, 2026 AFR BOSS Best Places to Work