Operational Risk Manager

Jobtailor; City of Melbourne; On-site; AUD 140,000 - 200,000; Full time

Job summary

VMIA is seeking a senior risk professional to lead Line 2 operational risk, develop maturity and accountability frameworks, and coordinate risk initiatives across Line 1 in Victoria. You will oversee incident reviews, risk reporting and capability-building workshops for executives and boards.

You will drive risk appetite integration into decisions, manage risk in the management system, and champion a culture of transparency and accountability across the organisation.

Qualifications

• 8–10 years’ experience in a senior Line 1 or Line 2 operational risk management role, including control management or a closely related field.
• Strong knowledge of operational risk frameworks, risk appetite, controls, treatments and assurance practices
• Experience leading operational risk workshops, reviews and capability-building sessions
• Excellent leadership and relationship-management skills, with the confidence to advise and constructively challenge executives and senior leaders
• Highly developed presentation, facilitation and written communication skills
• Strong PowerPoint skills and experience preparing professional, executive-ready presentations, briefs and committee papers
• Well-developed analytical and project management skills
• Ability to identify insights and deliver against plans
• Demonstrated ability to manage multiple priorities and communicate progress and outcomes clearly
• Experience in incident management, business continuity management or internal audit is highly desirable
• Experience within an APRA-regulated organisation, or working with legislative and regulatory frameworks in a major public-sector organisation, is highly desirable
• Right to work in Australia
• Willingness for interstate candidates to relocate to Victoria
• Successful completion of applicable pre-employment screening

Responsibilities

• Lead VMIA’s Line 2 operational risk program, including risk reviews, control assessments, reporting and capability-building activities
• Establish and implement the Operational Risk Maturity Model and Accountability Framework Risk Champion Model
• Coordinate quarterly operational risk identification, assessment and reporting activities across Line 1
• Develop VMIA’s operational risk profile and integrate risk appetite into business decision-making
• Monitor operational risks, controls and treatments through VMIA’s risk management system
• Assess incidents and oversee post-incident reviews of operational risks and controls
• Deliver workshops and guidance to strengthen Line 1 capability in risk, control and treatment management
• Support executive and Board Committee risk reporting, internal audit actions and enterprise risk initiatives
• Support business continuity, crisis and incident management frameworks, testing exercises and improvement actions
• Promote a strong culture of accountability, transparency and proactive risk awareness
• Support the Chief Risk Officer as a trusted adviser and business partner for Line 1
• Provide independent specialist Line 2 oversight and challenge of Line 1 operational risk practices

Skills

Operational Risk Management

Risk Framework Development

Incident Management

Leadership and Relationship Management

Business Continuity Management

Presentation Skills

Project Management

Education

Accreditation in Risk Management

Relevant Tertiary Qualification

Tools

Risk Management System

PowerPoint

Job description

Lead VMIA’s Line 2 operational risk program, including risk reviews, control assessments, reporting and capability-building activities
Establish and implement the Operational Risk Maturity Model and Accountability Framework Risk Champion Model
Coordinate quarterly operational risk identification, assessment and reporting activities across Line 1
Develop VMIA’s operational risk profile and integrate risk appetite into business decision-making
Monitor operational risks, controls and treatments through VMIA’s risk management system
Assess incidents and oversee post-incident reviews of operational risks and controls
Deliver workshops and guidance to strengthen Line 1 capability in risk, control and treatment management
Support executive and Board Committee risk reporting, internal audit actions and enterprise risk initiatives
Support business continuity, crisis and incident management frameworks, testing exercises and improvement actions
Promote a strong culture of accountability, transparency and proactive risk awareness
Support the Chief Risk Officer as a trusted adviser and business partner for Line 1
Provide independent specialist Line 2 oversight and challenge of Line 1 operational risk practices

Requirements

• At least eight to ten years’ experience in a senior Line 1 or Line 2 operational risk management role, including control management or a closely related field
• Strong knowledge of operational risk frameworks, risk appetite, controls, treatments and assurance practices
• Experience leading operational risk workshops, reviews and capability-building sessions
• Excellent leadership and relationship-management skills, with the confidence to advise and constructively challenge executives and senior leaders
• Highly developed presentation, facilitation and written communication skills
• Strong PowerPoint skills and experience preparing professional, executive-ready presentations, briefs and committee papers
• Well-developed analytical and project management skills
• Ability to identify insights and deliver against plans
• Demonstrated ability to manage multiple priorities and communicate progress and outcomes clearly
• Experience in incident management, business continuity management or internal audit is highly desirable
• Experience within an APRA-regulated organisation, or working with legislative and regulatory frameworks in a major public-sector organisation, is highly desirable
• Accreditation in risk management from a recognised professional body, a relevant tertiary qualification, or another relevant business or audit qualification
• Right to work in Australia
• Willingness for interstate candidates to relocate to Victoria
• Successful completion of applicable pre-employment screening

Core Competencies

Demonstrates extensive experience in operational risk management, including the development and implementation of risk frameworks, incident management, and business continuity strategies. Possesses strong leadership, analytical, and communication skills to effectively engage with executives and enhance organizational risk capabilities.

Highest-signal resume keywords

• Operational Risk Management
• Risk Framework Development
• Incident Management
• Leadership and Relationship Management
• Business Continuity Management

ATS Optimization Keywords

Hard Skills

• Operational Risk Frameworks
• Control Management
• Risk Appetite
• Risk Assessment
• Analytical Skills
• Project Management
• Presentation Skills
• Facilitation Skills
• Communication Skills
• Capability-Building Sessions

Soft Skills

• Leadership
• Relationship Management
• Confidence to Advise
• Constructive Challenge
• Ability to Manage Multiple Priorities

Certifications & Qualifications

• Accreditation in Risk Management
• Relevant Tertiary Qualification

Industry Keywords

• APRA-Regulated Organisation
• Legislative Frameworks
• Public-Sector Organisation
• Crisis Management
• Internal Audit

Tools & Technologies

• Risk Management System
• PowerPoint