Operational Risk Associate

Our client is an established Big 4 financial services organisation who is seeking an Operational Risk & Compliance Specialist to join its Group Risk function.

This is an opportunity to join a second-line risk team supporting the oversight of non-financial and operational risk across a complex financial services organisation. You will play an important role in risk analysis, control review, governance, reporting and assurance activities, working closely with senior risk leaders and stakeholders across the business.

The Opportunity

Reporting to a Senior Manager, Risk, you will support the effective identification, assessment and oversight of operational and non-financial risks.

You will contribute to governance by identifying emerging risks, control gaps and recurring themes, ensuring issues are clearly documented and escalated where required. The role operates within a second-line oversight function, providing constructive challenge and supporting better risk outcomes rather than owning or operating business controls.

Key Responsibilities

• Support the review of risk assessments, coordinating inputs and identifying gaps for escalation.
• Assist with control reviews by gathering evidence, documenting observations and supporting assessments of control design and operating effectiveness.
• Maintain accurate risk and control records to support second-line opinions and assurance activities.
• Maintain portfolio trackers and registers, ensuring appropriate version control and evidence standards.
• Prepare risk reporting, governance packs and materials, ensuring accuracy, completeness and clear traceability to source evidence.
• Support the consistent application of risk frameworks, policies and standards through coordination, documentation and quality checks.
• Collate risk themes, metrics and key messages to support portfolio reporting and senior management insights.
• Coordinate updates and deliverables across matrix reporting arrangements, escalating conflicts or constraints early.
• Support audit, assurance and regulatory engagements by collating evidence, maintaining audit trails and tracking actions.
• Attend portfolio risk and control forums and support supplier/outsourcing governance activities as required.

About You

We are looking for someone with a foundation in risk, compliance, audit or assurance, combined with strong analytical and documentation capabilities.

You will bring:

• Experience in risk, compliance, audit or assurance
• Exeprience in second line operational risk is essential
• CPS230 experience is highly advantageous
• Must have financial servcies experience
• Strong analytical skills and exceptional attention to detail.
• The ability to document risk and control information clearly, with strong evidence traceability.
• Strong stakeholder engagement skills and the ability to work collaboratively across first and second line environments.
• The ability to manage competing priorities and deliver high-quality outputs within deadlines.

Why Join?

You will join a well-established financial services organisation that places a strong emphasis on risk management, governance and supporting its people to develop their careers. There is significant transformation happening across the organisation, so now is a great time to make your mark.

The organisation offers flexible working arrangements, access to health and wellbeing services, professional development opportunities and a diverse and inclusive working environment.

Aboriginal and Torres Strait Islander Peoples are encouraged to apply.
To apply please click apply or call John Black on 03 8628 2137 for a confidential discussion.