Executive Manager, Prudential Regulatory Engagement

  • IAG
  • Sydney NSW, Australia
  • 16/05/2019
Full Time - Flexible Management

Job Description


The Role

The purpose of the role and your unique contribution is to provide Group leadership for strategic insights into the evolving regulatory landscape with APRA and one which goes beyond pure regulatory compliance and considers community, shareholder, and customer expectations. Proactively manage the day to day relationship and all of IAG's associated engagements with APRA such that IAG is best positioned to meet all current and future regulatory expectations. 

Key Responsibilities

  • Lead and develop a team of professionals to proactively manage IAG's engagement with APRA in accordance with the Group's regulatory engagement framework and policies.
  • Provide strategic insights on prudential issues to the IAG Board, Group Leadership Team (GLT), relevant Committees and other key stakeholders. 
  • Manage and oversee all APRA regulatory engagements so that IAG is responsive, well prepared and meets APRA's expectations. This includes APRA's regular supervision program of prudential reviews, prudential consultations and other engagements with the IAG Board and management.
  • Develop and supervise robust governance, controls and operational disciplines to ensure IAG meets all of its regulatory commitments to APRA.
  • Ensure that IAG makes it easy for APRA to understand and engage with us
  • Foster three lines of Defence approach and champion the business benefits of positive regulatory engagement.
  • Advise the GLT, Executive General Managers (EGMs) and peers in the articulation of the regulatory landscape with APRA. This will include delivering strategic insights into how changes in the regulatory environment impact IAG's strategy and operations including:
    • changes in financial services regulations internationally;
    • changing market, consumer and other regulatory environmental changes domestically; and
    • understanding potential impacts on IAG and its customers and translating that into an appropriate course of action.    
  • Provide advice and guidance on new and upcoming APRA regulations, including guidelines/prudential standards/legislation, and support for communication of regulatory changes. 

Skills & Experience

  • Executive level leadership within a core regulatory, audit and/or risk management role with ability to engage and influence at the executive management and board level.  Inclusive of working with regulators at a senior level and in complex regulatory environments.    
  • Leadership within a complex business and regulatory environment.
  • Proven ability to influence GLT, EGM and wide stakeholder group in course of action
  • Proven ability to actively keep abreast of changes in external environment and translate into internal environment
  • Proven ability to work collaboratively across whole of function and broader group to reach common approach
  • Knowledge and experience in developing and implementing contemporary, evidence based and fit for purpose governance frameworks, systems and processes for key functions including enterprise risk management, compliance and assurance systems.

 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, with a growing presence in Asia. 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 with us and click ‘Apply'!

In addition to a diverse and inclusive culture, some of our benefits include 13% superannuation, 50% insurance discounts, flexible work and leave options, generous parental leave and return to work program, recognition and reward program, and various corporate partner discounts.

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