Senior Specialist (System Risk)

ASIC; Sydney; Hybrid; AUD 171,000 - 203,000; Full time

Benefits offered by this job

Attractive superannuation

Additional leave entitlements

50/50 hybrid work-from home model

Flexible work arrangements

Assistance for study and professional

Job summary

ASIC’s Markets Group is seeking a Senior Specialist to lead a multidisciplinary System Risk team, focusing on identifying and mitigating risks across public and private markets including private equity and OTC derivatives. You will exercise regulatory judgement, engage with senior stakeholders, and drive timely escalation of risks and intervention options.

You will lead cross‑team collaboration to inform supervisory actions, develop stress scenarios, and elevate market integrity across

Qualifications

• Senior leadership experience in a regulatory, financial services, markets or related environment.
• Strong analytical, problem‑solving and capability and ability to draw on data to make evidence-based decisions.
• Excellent written and verbal communication skills, with the ability to influence senior stakeholders.
• Experience leading teams, setting direction and building capability in complex settings.
• Experience assessing emerging and system risk, ideally in a financial markets context.
• Ability to work in a cross-functional teams to deliver the responsibilities of the role.

Responsibilities

• Leading projects that relate to a market wide risk and assist with horizon scanning to identify emerging or systemic risks across both public and private markets.
• Undertake risk assessments in line with agreed risk frameworks to codify, compare and elevate risks.
• Develop analysis and insights to identify points of contagion and through collaboration with other stakeholders identify intervention options.
• Over time, develop coordinated stress scenarios across markets and participants.
• Model impacts of identified risks and potential intervention option impacts to information regulatory action, and contribute to its development and finalisation.
• Coordinate cross-market work on an ongoing basis, including the intersection of markets, super, funds management, governance.
• Lead research and policy analysis, including guidance, discussion and policy papers.
• Act as a senior point of engagement with key internal, domestic and international stakeholders.
• Support the Senior Manager in building team capability.

Job description

At ASIC, you can be the change that ensures a fair, strong and efficient financial system for the benefit of all Australians. Contribute to delivering on ASIC's purpose, vision, and strategic priorities to help maintain the integrity of the financial system and protect consumers from harm.

Join ASIC's Markets Group and play a critical leadership role in supervising Australia's financial markets and addressing emerging and systemic risks.

• Sydney or Melbourne location
• Salary between $170,621 to $202,614 (depending on experience) plus 15.4% superannuation
• Temporary 12-month contract
• Applications close at 11:59pm ADST/AEST, Sunday 27 September 2026

The team

ASIC's Markets Group safeguards trust and confidence in Australia's financial markets. The Group oversees the full regulatory lifecycle, licensing, supervision, investigation and enforcement - working to detect, prevent and deter market misconduct and promote market integrity and resilience.

The new Market Systems team has been established to provide a single, system‑wide lens across public and private markets, enabling whole‑of‑ASIC risk coordination, stronger market design outcomes assessed holistically, earlier detection of emerging risks across asset classes and interconnections, and clearer visibility of risk build‑up such as leverage and concentration that can inform stress and supervisory responses.

This team is to support and connect with other functions including supervision, surveillance, enforcement and policy in Markets and across ASIC.

The role

As the Senior Specialist of the System Risk function in Markets, your role will be to support the Senior Manager with the performance of a multidisciplinary team to systematically assess and monitor system risks across public and private markets, including private equity, private credit and OTC derivatives, with a focus on interconnections and contagion. You will exercise strong regulatory judgement, engage with senior stakeholders, and drive timely identification and escalation of risks and assessment of intervention options to address systems risk.

Key Responsibilities Include

• Leading projects that relate to a market wide risk and assist with horizon scanning to identify emerging or systemic risks across both public and private markets
• Undertake risk assessments in line with agreed risk frameworks to codify, compare and elevate risks.
• Develop analysis and insights to identify points of contagion and through collaboration with other stakeholders identify intervention options
• Over time, develop coordinated stress scenarios across markets and participants.
• Model impacts of identified risks and potential intervention option impacts to information regulatory action, and contribute to its development and finalisation
• Coordinate cross-market work on an ongoing basis, including the intersection of markets, super, funds management, governance.
• Lead research and policy analysis, including guidance, discussion and policy papers.
• Act as a senior point of engagement with key internal, domestic and international stakeholders
• Support the Senior Manager in building team capability

About You

You are a confident and experienced leader with strong regulatory judgement and the ability to operate effectively in complex, high‑pressure environments. You bring a strategic, risk‑focused mindset and can translate analysis into clear expectations and outcomes.

You Will Also Demonstrate

• Senior leadership experience in a regulatory, financial services, markets or related environment
• Strong analytical, problem‑solving and capability and ability to draw on data to make evidence-based decisions
• Excellent written and verbal communication skills, with the ability to influence senior stakeholders
• Experience leading teams, setting direction and building capability in complex settings
• Experience assessing emerging and system risk, ideally in a financial markets context
• Ability to work in a cross-functional teams to deliver the responsibilities of the role

About ASIC

ASIC's remit is one of the broadest of regulators across the world. ASIC regulates corporations, markets, financial services and consumer credit and monitors and promotes market integrity and consumer protection in the Australian financial system. Through our enforcement work, we hold to account those who contravene the law, working to achieve strong outcomes that address the greatest consumer and investor harms.

ASIC is an equal opportunity employer seeking people who want to make a difference. ASIC is committed to providing a diverse and inclusive workplace where the very best talent in Australia chooses to work. Applications from people of all ages, cultural backgrounds, abilities, LGBTIQ+ identity, and people of Aboriginal and Torres Strait Islander descent are encouraged to apply.

We Offer a Range Of Employee Benefits Including

• Attractive superannuation
• Additional leave entitlements
• 50/50 hybrid work-from home model
• Flexible work arrangements
• Assistance for study and professional development

To work with us, you need to be an Australian citizen and be prepared to complete an ASIC Suitability and Baseline Assessment.