At a Glance
- Tasks: Lead a team to identify and assess financial system vulnerabilities and risks.
- Company: Join APRA, the heart of Australia's financial services industry.
- Benefits: Inclusive workplace, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with diverse perspectives and ideas.
- Why this job: Make a real impact on Australia's financial stability and resilience.
- Qualifications: Broad knowledge of financial stability and strong leadership skills required.
The predicted salary is between 121500 - 148500 $ per year.
The role involves leading a team responsible for providing a system-wide perspective on vulnerabilities and risks in the financial system. The team will provide analysis that shapes strategic regulatory responses and strengthens the resilience of the Australian financial system.
The Cross-Industry Risk Division (CRD) houses all APRA risk specialist teams, bringing together a system-wide perspective and assessing priority areas for APRA’s prudential response across all regulated industries. The division provides advice and collaborates with frontline supervisors to enable them to fulfil their supervisory function.
The Financial System Risk (FSR) team is part of the System Risk Branch in the CRD of APRA. The FSR team delivers analysis to support the overall Branch objective of identifying, assessing and responding to financial system vulnerabilities and risks, drawing on insights from risk specialists across CRD and frontline supervision.
Key responsibilities include:
- Leading the identification, assessment and monitoring of existing and emerging vulnerabilities and risks in the financial system;
- Overseeing the implementation of frameworks to effectively monitor the operating environment, identify and assess vulnerabilities;
- Identifying changes in skills and capabilities needed to perform analysis, keeping abreast of industry and system developments;
- Ensuring effective communication in key internal and external reports that the team is responsible for;
- Providing trusted analysis and advice to APRA executives and stakeholders to inform supervisory, policy and regulatory responses to system risks;
- Leading and developing a high-performing team of analysts and managers, fostering a culture of curiosity, challenge, sound judgment and analytical excellence;
- Modeling inclusive leadership behaviours and instilling an open culture within the team, where divergent views are shared and respected;
- Building and maintaining effective relationships with other areas of APRA, including frontline supervisors, risk specialists and executive leadership;
- Communicating the team’s purpose and function under APRA’s strategy and ensuring that they are understood consistently by the teams and relevant stakeholders;
- Supporting the GM in leading the System Risk Branch and playing an active role in the broader leadership team of the Division.
About you:
- Broad knowledge of the financial stability aspects of the economy with knowledge of key financial sectors (e.g. banking, superannuation and insurance);
- Good understanding of how the financial system and the broader economy operates;
- Strong and proven people leadership skills;
- Proven ability to bring a broader perspective, distil a broad range of information, take a strategic view, connect the dots and identify vulnerabilities, risks and interconnections when preparing and delivering analysis;
- Proven ability to communicate clearly, concisely and effectively with peers and Executives and execute for outcomes;
- Adept at engaging, influencing and negotiating, demonstrated strong critical thinking and judgement.
To work with us, you need to be an Australian citizen with eligibility to obtain and maintain Australian Government Security clearance.
About APRA:
The Australian Prudential Regulation Authority (APRA) places you at the heart of Australia’s financial services industry. APRA serves the Australian community by helping ensure that financial institutions deliver on the financial commitments they make, within a stable, efficient and competitive financial system.
At APRA, we're committed to providing an inclusive workplace where everyone belongs, feels valued and respected. We aspire to attract and foster diversity of background, thought and experience, recognising that a broad range of perspectives, approaches and ideas makes us stronger, and better enables us to meet our obligation to protect the financial wellbeing of the Australian community. When applying, please inform us of any adjustments you may need during the interview process.
Head Of Financial System Risk in Sydney employer: APRA Career Site
APRA is an exceptional employer, offering a dynamic work environment where you can lead a high-performing team dedicated to enhancing the resilience of Australia's financial system. With a strong commitment to inclusivity and diversity, APRA fosters a culture that values collaboration and innovation, providing ample opportunities for professional growth and development. Located at the heart of Australia's financial services industry, employees benefit from engaging with key stakeholders and contributing to meaningful regulatory responses that impact the community.
