Manager - Strategic and Financial Risk

Medibank; Sydney; On-site; AUD 150,000 - 190,000; Full time

Job summary

Medibank is seeking a Manager, Strategic & Financial Risk on a 12-month fixed-term contract in Sydney. The role strengthens oversight of strategic and financial risks and supports achievement of business objectives within risk appetite.

You will partner with stakeholders to evolve risk frameworks, provide independent challenge, and contribute to enterprise risk initiatives and decision-making processes.

Qualifications

• Experience in Strategic Risk, Financial Risk, Enterprise Risk Management within heavily regulated industries.
• Experience partnering with Second Line Risk in an APRA-regulated environment.
• Knowledge of climate risk or willingness to rapidly upskill in climate risk.
• Strong understanding of ERP principles, risk appetite frameworks and strategic risk oversight practices.

Responsibilities

• Develop and continuously improve Medibank's strategic and financial risk frameworks, methodologies, risk appetite measures and reporting practices.
• Provide independent oversight and constructive challenge on strategic initiatives, business plans, portfolio performance, projects, investments and emerging risk exposures.
• Facilitate and support strategic and financial risk assessments, workshops and scenario analysis across the organisation.
• Monitor strategic and financial risks, emerging trends and external developments impacting objectives and performance.
• Incorporate climate-related risks into risk taxonomy, methodology and reporting where relevant.
• Conduct horizon scanning and risk analysis for market, regulatory, technology and competitive changes.
• Prepare high-quality risk insights, reporting and governance materials for senior leaders and risk committees.
• Partner with business stakeholders to embed strategic and financial risk considerations into planning and execution monitoring.

Skills

Strategic Risk

Financial Risk

Enterprise Risk Management

APRA environment

Climate risk

Risk appetite

Stakeholder 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

• 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