Operational Risk Lead

MARS PARTNERSHIP PTY. LTD.; Sydney; On-site; AUD 180,000 - 280,000; Full time

Job summary

Mars Recruitment is partnering with a leading financial services organisation to onboard a senior member of the Enterprise Risk function. You will provide independent second-line oversight, challenge and advice across the organisation, partnering with senior leaders and risk owners to strengthen operational risk capability and risk culture.

You will drive enhancements to risk frameworks, review first-line assessments, and contribute to Board-level risk reporting.

Qualifications

• 8+ years' experience across Operational, Enterprise or Non-Financial Risk.
• Strong second-line risk oversight with practical, commercially focused advice.
• Knowledge of APRA CPS 220 and CPS 230 is desirable.

Responsibilities

• Provide second-line oversight across operational and non-financial risk.
• Partner with senior stakeholders and risk owners to identify, assess and manage key risks.
• Drive enhancements to the Risk Management Framework and risk culture.
• Review and challenge risk assessments, controls, incidents and remediation activities.
• Oversee RCSA, risk appetite metrics, controls and assurance activities.
• Conduct thematic reviews to identify emerging risk themes.
• Support governance and risk reporting to senior management and Board.
• Develop and maintain risk policies, standards and training materials.

Skills

Second-line oversight

Executive stakeholder engagement

Regulatory risk CPS 220/230

Risk frameworks and governance

Education

Tertiary qualifications in business/finance/legal

Job description

Mars Recruitment is partnering with a leading financial services organisation to onboard a senior member of the Enterprise Risk function, you will provide independent second-line oversight, challenge and advice across the organisation, partnering closely with senior leaders and risk owners. You will play a key role in strengthening operational risk capability, enhancing risk frameworks and driving a proactive and effective risk culture.

Key responsibilities:

• Providing second-line oversight and challenge across operational and non-financial risk.
• Partnering with senior stakeholders and risk owners to identify, assess and manage key operational risks.
• Driving the ongoing enhancement and embedding of the organisation's Risk Management Framework.
• Reviewing and challenging first-line risk assessments, controls, incidents, issues and remediation activities.
• Providing oversight across RCSA, risk appetite metrics, controls and assurance activities.
• Conducting thematic and deep-dive reviews to identify emerging or systemic risk themes.
• Providing independent risk oversight across material change, transformation and third-party initiatives.
• Supporting operational resilience activities, including business continuity and other key non-financial risk areas.
• Contributing to senior management and Board-level risk reporting and governance.
• Developing and maintaining risk policies, standards, frameworks and training materials.
• Influencing and uplifting risk capability and culture across the organisation.

Key Requirements:

• 8+ years' experience across Operational, Enterprise or Non-Financial Risk, ideally within financial services or a similarly regulated environment.
• Strong understanding of second-line risk oversight and the ability to balance independent challenge with practical, commercially focused advice.
• Sound knowledge of the APRA regulatory environment, particularly CPS 220 and CPS 230.
• Broad operational risk experience spanning areas such as RCSA, risk appetite, controls, incidents and issues, assurance and remediation.
• Experience partnering with the business through significant risk in change, transformation or strategic initiatives.
• Confidence engaging with and influencing senior leaders, including constructively challenging decisions where required.
• Relevant tertiary qualifications in a business, finance, legal or related discipline will be highly regarded.