Senior Specialist, Risk Advisory

  • IAG
  • 520 Oxford St, Sydney NSW 2022, Australia
  • 06/12/2018
Fixed Term Contract

Job Description


The Role

12 month fixed-term contract based in Sydney CBD

Business Risk Advisers drive connections and collaboration throughout the business to ensure risk informed, insightful and reliable conclusions are made, by bringing analytical thinking and business acumen to provide challenge and oversight within their business unit with a risk lens. Risk Advisors help scan both the internal and external environments for heightened risks, new risks and emerging risks, including evolving business models, advancements in technology and shifts in community and regulatory expectations.

This role facilitates the maturing of risk management within the business unit/s they support and delivery of risk initiatives from specialist risk functions into the business. The role is the key contact for the business unit in relation to governance, risk and compliance matters.

Through more mature risk management, business units are enabled to live the IAG Spirit and fulfil the IAG Purpose and Strategy with confidence.

Key Responsibilities

  • Partner and advise Business Unit leaders and risk champions on Governance, Risk & Compliance (GRC) matters in the context of the execution of the business plan and the achievement of strategic initiatives, including the use of risk information to support business decisions;
  • Assist in prioritisation of CRO initiatives and engagement of Line 1 management in sequencing and execution
  • Facilitate the roll-out and implementation of group level risk frameworks, policies and procedures within specific portfolios/business units (BU)
  • Coach, mentor, guide and provide insight and challenge on GRC matters to business units, including facilitation and creation of forums, workshops and knowledge support 
  • Assist Line 1 management and provide oversight and challenge with the identification, reporting and remediation of systemic and contagion risks,
  • Provide advice in respect of escalate material issues, including materiality assessment of outsourcing and strategic partner risks
  • Conduct GRC maturity assessments across all risk classes for the business unit/s and critically analyse and provide recommendations to enhance GRC maturity
  • First point of contact for managing and co-ordinating advisory response for the BU's supported and where necessary engage SME's across CRO for delivery
  • Input and review into risk reporting as required, including the development of KRI's
  • Oversight and challenge of the development and maintenance of risk profiles and monitoring of progress of remediation actions and governance of profile related activity, including support for advice of actions/remediation strategies
  • Assist in provision of data for Regulatory or other targeted reviews (e.g. APRA, ASIC, Audit).
  • Contribute to the development, monitoring and remediation of BSC measure and RAS metrics
  • Development of scenarios for analysis the deepen understanding of business unit risk profiles

Skills & Experience

• Strategic mindset; financial and business acumen; customer focus; cultivates innovation; comfortable to work with ambiguity;

• The ability to engage broadly and communicate effectively with a broad range of stakeholders; operates with a collaborative and outcome focused mindset

• Awareness of advancements in technology and ability to link how these interplay within Strategy and Risk

• Ideal experience within Financial Services and in particular across the value chain of general insurance operations and risk

• Demonstrates connected and interdisciplinary thinking (i.e. “across the ‘expanded' value chain”)

• Courage; confidence; self-awareness; nimble learning; strong influencer

• Undergraduate degree (Postgraduate/Masters degrees desire) or other qualifications to perform the role at a fully competent level in addition to 5-10 years business related experience

About Us

At IAG, we believe that everyone has a unique point of view to share, shaped by their life experiences, cultures & passions. We celebrate and commit to:

#Proud to be me – we value difference, not sameness

#Together – harnessing our collective wisdom enables us to be our best for our customers & each other

#No boxes – it's not about labels, boxes or categories. It's about building a diverse and inclusive mindset into everything we do

IAG is the largest general insurance group in Australia and New Zealand. IAG owns some of the region's most trusted brands, including NRMA Insurance, CGU, SGIO, SGIC, WFI and Swann Insurance.

Let's Talk

Start your career journey and join an inclusive culture that celebrates YOU!

We offer 13% superannuation, flexible work and leave options. To find out more, click Apply.

We encourage Aboriginal and Torres Strait Islanders to apply for this position.