Senior Risk & Compliance Manager, Investments

Challenger; Sydney; Hybrid; AUD 150,000 - 190,000; Full time

Benefits offered by this job

Discretionary bonus

Employee share plan

Parental leave (18 weeks)

Challenger Day

On-site café

Extra superannuation contributions

Fitness Passport

Job summary

Challenger Limited is seeking a Senior Risk & Compliance Manager - Investments to partner with the Group CIO and COO, supporting risk management, compliance, and governance across investments. This role is Sydney-based with a hybrid work pattern (3 days in the office, 2 from home) and involves close collaboration with senior stakeholders to embed robust controls.

You will lead risk assessments, support new products, and help ensure regulatory compliance across the life-investments portfolio

Qualifications

• Bachelor’s degree or equivalent is required.
• Law, commerce or financial services qualifications are advantageous.
• Relevant risk and/or compliance certifications (e.g., GRC Institute, PRMIA) are advantageous.

Responsibilities

• Act as a trusted Risk & Compliance advisor to senior leaders (Group CIO, COO, and teams).
• Provide risk, compliance and governance support for transactions, new products and portfolio activity.
• Maintain and improve risk & control registers and governance documents.
• Support regulatory interactions, licencing matters and breach notifications.
• Deliver risk, compliance and governance reporting for management and Boards.

Skills

Operational risk

Regulatory compliance

Financial services

Front-office experience

Stakeholder management

Governance

Analytical thinking

Education

Bachelor's degree or equivalent

Law, commerce or financial services qualifications advantageous

GRC or PRMIA qualifications advantageous

Job description

Senior Risk & Compliance Manager, Investments

Challenger Limited is an ASX-listed investment management firm managing $120 billion in assets (as at 30 June 2026).Life with us is fast moving and always exciting. Together we’re driving to deliver our vision to provide our customers with financial security for a better retirement.

We achieve this goal by providing a work environment where people from diverse backgrounds, with a range of skills and experiences can contribute and succeed.

Join us at Challenger as a Senior Risk & Compliance Manager - Investments

• This is a high-impact opportunity to partner closely with our Group Investments Division, supporting the Group CIO, Chief Operating Officer and Financial Risk teams at a time of ongoing change and growth.
• Operating as a true Risk & Compliance partner, you’ll work alongside the business to support sound decision‑making, strengthen the control environment and help deliver good outcomes for customers and policyholders.
• Based in our Sydney CBD office, you’ll enjoy flexible working (typically 3 days in the office, 2 from home)

About the role

Reporting to the Head of Risk & Compliance, Life, Investments and DPM, you'll partner closely with our Group Investments division to support effective risk management, compliance and governance outcomes.

This is a genuinely business-facing role where you'll work alongside senior stakeholders to navigate risk, balance commercial considerations, and embed strong governance into day-to-day decision making. You’ll also support key transactions, new products, portfolio activity and business change initiatives, helping ensure risk, compliance and governance considerations are understood early, and appropriate controls are built in from the outset.

What you’ll be doing

Business Partnering

• Act as a trusted Risk & Compliance advisor to the Group CIO, Chief Operating Officer and their teams.
• Provide clear, pragmatic advice on licensing, regulation, operational risk, compliance and governance matters
• Build strong relationships with senior stakeholders, strengthening first‑line ownership of risk while providing effective second‑line oversight and challenge

Change & Strategic Initiatives

• Provide risk and compliance support for transactions, new products, portfolio activity, outsourcing and business change, including review of agreements, RFPs and service arrangement
• Facilitate risk workshops, scenario analysis and risk assessments so risks and controls are clearly understood before decisions are made
• Maintain and improve compliance plans, risk and control registers and other risk and compliance framework documents
• Facilitate periodic risk and control self‑assessments and support the ongoing development of governance, accountability and control effectiveness.
• Maintain and monitor governance, risk and compliance (GRC) activity, ensuring clear ownership and timely follow‑up of exceptions

Regulatory & Compliance Advisory

• Provide guidance on financial services regulation, including ASIC requirements and the prudential framework applying to a life company
• Support regulatory interactions, reviews, consultations and lodgements, including licence matters, Responsible Manager appointments and breach notifications, while maintaining constructive relationships with regulators
• Monitor regulatory change and external developments, translating their impact into practical actions.

Reporting & Insights

• Deliver accurate and timely risk, compliance and governance reporting for management, committees and Boards
• Monitor incidents and breaches, identify themes, support escalation and remediation, and give senior stakeholders clear, practical recommendations and risk insights on complex matters.
• Develop and deliver training, coaching and guidance that builds risk awareness and supports a strong risk culture
• Act as a go‑to resource for operational risk, compliance and governance queries across the Investments business

The skills and experience you’ll need

You’re an experienced Risk & Compliance professional who thrives in a business-facing environment. You'll work closely with senior stakeholders across Investments to support sound decision‑making, strengthen governance, and deliver effective risk and compliance outcomes.

You'll bring strong operational risk and compliance experience, a practical understanding of the financial services’ regulatory environment, and the ability to balance risk considerations with commercial objectives.

In addition, you’ll have:

• Proven experience in operational risk and/or compliance within financial services, including supporting investment or front‑office teams.
• Experience designing, implementing and maintaining effective risk and compliance frameworks across a diverse financial services business
• Working knowledge of the Corporations Act, ASIC‑regulated environments and prudential requirements, with the ability to interpret regulatory obligations and apply them in a practical business context. Experience within an APRA‑regulated environment will be highly regarded.
• Strong stakeholder management skills, with the ability to influence challenge and build credibility at senior levels.
• A pragmatic, solutions‑focused mindset with sound commercial judgement
• The ability to simplify complex regulatory and risk concepts for non‑technical audiences
• Strong analytical, facilitation, reporting and problem‑solving skills

Qualifications

• A bachelor’s degree or equivalent is required
• Tertiary qualifications in law, commerce or financial services are advantageous
• Relevant risk and/or compliance certifications, such as GRC Institute or PRMIA qualifications, are also advantageous

Why Challenger?

Working at Challenger means being part of a connected team that enjoys what they do. We’re small enough to move quickly, and big enough to make meaningful change.

We support your growth and development, offer flexibility, and value the unique contributions people bring.

We provide access to a range of exclusive employee benefits that will support you both personally and professionally and a hybrid work environment including.

• Competitive Discretionary bonus scheme.
• Employee share plan.
• Eighteen weeks paid leave for all new parents with flexibility on when, and how, parental leave is taken.
• Challenger Day – one extra day off every year in recognition of the effort our people make.
• Subsidised on‑site café and fantastic central location a stone's throw from Martin Place Metro
• Additional support leave (fertility treatment leave, gender affirmation leaves).
• Extra superannuation contributions.
• Access to Fitness Passport

#LI-Hybrid

Challenger's employee value proposition guides how we work: Grow and realise your potential, supporting each other, stronger together and making things happen. Our culture encourages curiosity, considered thinking and meaningful contribution, with opportunities to build a broad and rewarding career.

We are committed to fostering a safe, inclusive and respectful workplace where people of all backgrounds, identities and ways of thinking can thrive, and promoting flexible working to support work‑life balance.

Challenger is proud to be a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality, a Family Friendly Workplace and recognised as a Bronze Employer in the Australian Workplace Equality Index (AWEI), the national benchmark for LGBTQ+ workplace inclusion.