Job Details

Job Type
Valerie Lai
Contact email
Email Valerie
Contact phone
+61 8227 9200
9 months ago
Objective of the Role

The purpose of this role is to:
  • Ensure oversight and challenge to the design and execution of Stress Testing within the Bank occurs in a manner which is supportive of business strategy and risk management decisions.
  • Create productive and transparent relationships between 1LOD and 2LOD stakeholders across the Bank, facilitating effective collaboration and challenge throughout all Stress Testing activities.
  • Continually mature Bank Governance (e.g. Bank Stress Testing Framework) and the oversight of 1LOD artefacts that rely upon Stress Testing (e.g. Bank Recovery Plan, ICAAP Summary Statement and Report)
  • Drive continual improvement in 1st and 2nd Line of Defence awareness of the evolving risks that the Bank is exposed to and how these are captured and managed to deliver against business strategy 
Key Accountabilities
  • Provide subject matter expertise on modelling, parameterisation and behavioural aspects of Stress Testing exercises, ensuring activities are of high integrity, meeting both regulatory and internal governance obligations.
  • Drive the maturity of stress testing capabilities, utilisation and governance, through interaction wth 1LOD, participation in relevant Committees/Forums and promoting the application of Stress Testing insights within business decisioning.
  • Provide 2LOD contribution and oversight to stress testing information as requested by APRA (e.g. self-assessments, material for presentations to APRA on stress testing activities) and internal stakeholders or Committees (e.g. Bank Stress Test Committee, Bank Capital Committee)
  • Anayse industry and global stress testing developments, proactively reporting relevant insights to appropriate stakeholders.
  • Maintain productive relationship with 1LOD in maintaining appropriate Governance, Stress Testing Programs of work and oversight of Stress Testing activities. 
  • Lead the development and documentation of frameworks, policies and procedures for maintaining a sound risk and governance system.
  • Promote a risk culture commensurate with the expectations of the Bank and Senior Management
  • Mentor and help develop the capability of others through effective coaching and professional development.
Key Stakeholder Relationships

Internal Relationships

  • EM Market and Financial Risk Analytics
  • Manager, Financial Risk Analytics
  • Manager, Market Risk
  • Bank Risk Leadership Team
  • Bank CRO, CFO and Bank EGMs through the provision of technical insight into Bank models
  • Treasurer and Bank Treasury
  • Model Technical Committees and the Model Risk Committee
  • Bank Capital and Risk Strategy team and Management
  • Group Capital
  • Group Risk Management
  • Group Performance Management
  • Internal Audit
External Relationships
  • External validation agencies
  • External Audit (as required)
Key job requirements

  • Degree in Accounting, Commerce, Economics, Statistics / Mathematics, or Risk. Mandatory
  • Postgraduate qualifications in finance, economics, mathematics, accounting or operations research. Desired
  • Qualifications in finance or business including CFA, PRM, FRM or similar. Desired
  • Minimum 3 years’ experience in financial risk management, banking or financial markets, with a broad exposure to the commercial, risk and regulatory requirements of financial service businesses.
  • Demonstrated practical experience in managing and/or leading stress testing in the financial industry is highly desirable. This should be supported by technical knowledge, and an understanding of governance and compliance.
  • Previous senior-level experience within the Risk or Finance functions with an Australian major bank, large regional bank or prudential regulator is highly desirable.
  • Previous credible experience managing a complex set of delivery requirements
  • Demonstrable success in managing stakeholder relationships and influencing the technical or business practices of others
  • A sound understanding of the modelling capabilities and obligations of an advanced-accreditated Bank.
  • Whilst statistical / actuarial qualifications are not necessary for the role, experience in modelling and statistical concepts and a demonstrable aptitude for the nature of the work and the people who perform it is mandatory.
Key Capabilities/Technical Competencies (skills, knowledge, technical or specialist capabilities)
  • Natural drive and capacity for continuous learning
  • Understanding of the compliance and regulatory environment in which the Bank operates
  • Excellent stakeholder engagement and management skills, with demonstrable capacity to productively influence others and engage in joint problem solving
  • Strong capacity for analysis, critical thinking and problem solving.
  • Capable of working independently, as well as within a team, conceiving and executing on appropriate activity.
  • Auntonomous in prioritising work and delivering against strict timeframes
  • Sound communication and presentation skills, particularly in translating technical analysis into simpler language for business decision making.
  • Confidence when interacting with, and presenting to,  Senior Management and Directors.
  • Advanced business writing skills, with the capability to prepare succinct and relevant reports.
  • Attention to detail and capacity to convert complex data into insights that fit decision-making requirements.
  • High capacity to contribute to several key initiatives simultaneously
For further information on this role or to confidentially apply, please contact Valerie Lay on 02 8227 9200 or apply directly via the Apply for this job button. Only WORD FORMAT resumes will be accepted.