Are you ready to join Payments Settlements 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 L1 Risk Manager, 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 in Payments Settlements Department and in other departments in the Bank (e.g. Enterprise Risk and Compliance, Information Technology). As a Senior Analyst you will: Provide subject matter expertise, coaching, training and/or guidance to support the business areas to implement (meet) a target uplift in risk management practices. As part of a team of risk professionals, ensure business operations and risk management practices align to the frameworks, policies, standards, risk strategy, regulatory obligations, and risk appetite of the RBA. Provide risk expertise to the business in the identification and assessment of risks to achieve business objectives. Support the business to develop and implement adequate controls to mitigate material risk exposures. Provide subject matter expertise to the risk and control owners in the business to test the effectiveness of key controls. Provide risk expertise to the business in the development of credible action plans to address gaps in the business’ control environment. Provide risk expertise to the business in the identification, logging and management of risks, controls, issues and incidents within the Risk Management System (RMS) to acceptable quality standards. Provide risk advice in the assessment, root cause analysis and remediation of operational risk incidents. Support the preparation of reporting and analytics to build awareness and transparency of material risk exposures. Track the remediation of actions to address identified risk and control deficiencies. Ensure the quality of risk data within the RBA’s risk management system by monitoring and reporting on data hygiene. 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 drives the Bank forward as an organisation. Be more means you can do more, for yourself and for Australia. Why RBA? Through the pursuit of national economic policy objectives and associated activities in financial markets and banking, the RBA makes an important contribution to the Australian economy. We also issue Australia's banknotes and operates 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 have a critical role to play in achieving these objectives, whether directly or in a supporting capacity. As a values driven organisation, 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. Your application should include a resume detailing your experience and qualifications. The Reserve Bank of Australia is an equal opportunity employer. We are committed to creating a diverse and inclusive workplace and encourage applications from experienced candidates seeking workplace flexibility. Few places give you the balance of professional challenge and a management culture that not only supports but encourages you to live a full life outside of work and be more. Application Close : November 15, 2024 .