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Risk Specialist, Non-Financial Risk will play an important role in the regulatory change associated with the new CPS 230 Operational Risk Management standard which comes into force from 1 July 2025. This role is part of the APRA program team who assist frontline prudential supervisors and key stakeholders outside of APRA in the application of the new standard.
The role Apply your non-financial risk experience to solve a range of interesting and challenging matters across Australian financial services, working with a team of dedicated Risk Specialists. This role will challenge you with no two days being the same and will enable you to leverage your background of operational risk, operations, technology, governance, change management, and/or program management to make a meaningful difference in prudential regulation and supervision.
The team You will work with a set of committed and enthusiastic professionals in the Non-Financial Risk team, which is part of APRA's Cross-Industry Risk Division (CRD). CRD collaborates and works closely to support APRA's frontline supervisors and ensure that APRA's prudential supervision is robust for the safety and stability of Australian Financial Services.
Key responsibilities Support the development and delivery of a non-financial risk capability program for APRA staff members to uplift understanding and support consistent prudential supervision. Act as a subject matter expert on CPS 230 in support of internal and external questions on the new standard. Engage with industry stakeholders on operational risk management to share insights and provide clarification of positioning where required. Provide insights to APRA leadership team members for inclusion in public release and media on operational risk management and CPS 230. Take a specific focus on transitioning APRA's perspective on Third Party Risk Management (TPRM) from a CPS 231 Outsourcing approach to a CPS 230 Service Provision mindset. Refine APRA's approach to data analysis for operational risk and supplier management across the industry. Work closely with frontline supervision teams in the oversight of the new standard through Prudential Reviews and Meetings with regulated entities. About you This role is ideal for someone with a deep understanding of non-financial risk in areas inclusive of operational risk management, procurement and service provision, governance, risk culture, and/or technology risk. You will need to be able to manage your own workload and priorities effectively, as well as communicate clearly and persuasively with different audiences. You will also need to have strong interpersonal skills and the ability to build trust and rapport with your stakeholders both internally and outside APRA.
Applicants will also ideally:
Have excellent analytical, investigation, and problem-solving skills. Be up-to-date with Australian financial services industry challenges and have an interest in international supervisory developments and the legislative environment. Have excellent organisational, project management, change management, and prioritisation skills. Skills in capability development, facilitation, and coaching of staff members. Have well-developed communications, negotiation, and interpersonal skills. Be open to learning and adapting in a dynamic environment. Have a supportive and inclusive working style and the ability to work with an interstate and blended team. To work at APRA, you need to be an Australian citizen with eligibility to gain a Baseline 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 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.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6 trillion in assets for Australian depositors, policyholders, and superannuation fund members.
APRA invests in contemporary technologies to enable our employees to achieve work-life balance, via flexible working practices. We are dedicated to cultivating a diverse and inclusive workplace that fosters collaboration and continuous improvement.
APRA provides ongoing studies support, structured training programs, and excellent career progression opportunities all within a highly professional environment.
APRA is an affirmative action and equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, age, or disability status.
To apply, please visit our Careers Page at . For further information or assistance, please email Please do not apply to this email address.
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