Risk Advisor (Line 1 Risk)

Reserve Bank of Australia; Sydney; On-site; AUD 120,000 - 180,000; Full time

Job summary

Reserve Bank of Australia is recruiting a Risk Advisor (Line 1 Risk and Compliance) on a 12-month contract. You will provide risk expertise, advise on controls, and support risk governance across Workplace, Enterprise Risk, Compliance, and Note Issue Department.

You will lead risk identification, tracking, and reporting, while coaching business stakeholders and contributing to resilience and incident management as part of a collaborative team.

Qualifications

• 5+ years in Line 1 or Line 2 risk and compliance roles.
• Experience designing and implementing risk and compliance frameworks.
• Ability to coach and develop business stakeholders.

Responsibilities

• Provide risk expertise to identify and assess risks to support business objectives.
• Advise on controls to mitigate material risk exposures.
• Support testing of key controls and reporting to governance bodies.
• Develop action plans to return risk to appetite and coordinate remediation.
• Oversee incident reporting and risk management system updates.
• Coordinate business continuity and impact analysis exercises.

Skills

Risk advisory

Stakeholder engagement

Risk governance

Coaching & training

APRA/regulatory knowledge

Education

Degree in economics/finance/risk

Tools

RMS

Job description

Are you ready to join Workplace Department and play a pivotal role in transforming risk management at the Reserve Bank of Australia?

We are seeking a risk professional to join us in a strategic Line 1 role, supporting the department leaders to uplift risk culture and progressively mature our risk management practices.

Reporting to the Manager, Risk Assurance, this newly created role is designed to enhance our management of material risks and ensure we stay ahead in an ever‑evolving risk landscape.

The position will involve substantial liaison with teams within Workplace Department and in other departments in the Bank, namely Enterprise Risk and Compliance and Note Issue Department. Workplace Department is responsible for the sustainable and effective management of the Bank’s building assets and the provision of services that together ensure operational availability, security, safety and efficiency of the workplace.

This is a 12‑month contract term position.

As a Risk Advisor (Line 1 Risk and Compliance) you will:

Provide risk expertise to the business in the identification and assessment of risks to support the achievement of business objectives.

Advise the business to develop adequate controls to mitigate material risk exposures.

Provides subject matter expertise to the risk and control owners in the business to test the effectiveness of key controls.

Support the business to develop credible action plans to return a risk within appetite and/or target residual risk.

Oversee the Department’s incident reporting processes and support business leader to understand and control their risk.

Provide ongoing analytical reviews of risk management practices.

Provide support to the Departments in the identification, logging and management of issues and incidents within the Risk Management System (RMS) to acceptable quality standards.

Overseeing updates to the Department's Business Continuity and Business Impact Analysis, and coordinating preparation of business continuity exercises, including documenting the results.

Support Departmental Managers to prepare and present papers to relevant Board and Management Committee meetings.

Your Background

5 years + experience in a Line 1 or Line 2 operational risk and compliance role, preferably within banking or financial services.

Demonstrated risk management expertise, supporting the learning and development of business stakeholders.

Experience in design, build and implementation of risk and compliance frameworks, coaching and training.

Understanding of enterprise-wide risk and compliance management frameworks, policies and standards.

Experience in uplifting operational resilience and implementing operational risk management standards in an APRA‑regulated organisation is highly desirable.

Relevant tertiary qualifications in economics, finance, risk, compliance or related discipline, or equivalent experience.

Demonstrated negotiation and resolution management skills.

Be More

Working for an organisation that truly makes a difference to the people of Australia, we can offer development and career opportunities in a collaborative environment that supports your growth, wellbeing and promotes flexibility. Your individual growth and success drive the RBA forward as an organisation. Be more means you can do more, for yourself and for Australia.

Why RBA?

The RBA makes an important contribution to the Australian economy through the pursuit of national economic policy objectives and associated activities in financial markets and banking. We also issue Australia's banknotes and operate infrastructure critical to the payments system, all of which contribute to the welfare of the Australian people.

Made up of specialists across a wide range of fields, our people, values, and culture play a critical role in achieving our objectives. Striving to be Open & Dynamic, we consider and incorporate different perspectives, work across teams and are transparent with each other, whilst delivering quality together effectively and focusing on outcomes by prioritising, testing, learning, and refining as we go.

Our people conduct themselves with a high degree of integrity, while striving for excellence in the work they perform and the outcomes they achieve. We encourage intelligent inquiry and we treat one another with respect while promoting the public interest through our efforts.

We know it is the growth and success of our people that drives the RBA forward. Come and make a bigger contribution while you build and develop your own skills too, because being more means you can do more, for yourself and for Australia.

The Reserve Bank of Australia is committed to equity, diversity and inclusion through key initiatives. We welcome and encourage applicants from diverse backgrounds to apply, including Aboriginal and Torres Strait Islander peoples, culturally and linguistically diverse background, those living with a disability and from the LGBTQ+ community. We are committed to making the recruitment process fair and equitable for all our candidates.