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About the Role

This role plays a critical part in supporting the effectiveness and continuous improvement of Medibank's enterprise risk and compliance frameworks, helping to strengthen oversight, assurance and risk management practices across the organisation. You will partner with stakeholders across the business to provide expert risk and compliance advice, independent oversight and constructive challenge, while supporting key enterprise risk initiatives and regulatory obligations.

Responsibilities

Support the oversight and continuous improvement of Medibank's Risk Management Framework and Compliance Management Framework to ensure risks are effectively managed within appetite.
Deliver assurance and oversight activities across key risk and compliance processes, including issue management, action management and compliance obligations.
Prepare high-quality risk insights, reporting and committee papers to support governance forums, senior leaders and risk committees.
Contribute to enterprise risk uplift initiatives, regulatory change programs and risk culture outcomes that enhance organisational resilience and maturity.
Provide independent oversight, guidance and constructive challenge to business stakeholders on risk, compliance and control effectiveness.
Review and oversee risk assessments, treatment plans and risk management activities to ensure they are robust, fit for purpose and aligned to enterprise requirements.
Monitor, oversee and analyse incident reporting across the business, identifying trends, emerging risks and opportunities to strengthen controls and the overall control environment.

Requirements

Demonstrated experience in Risk Management, Compliance, Oversight, Assurance and/or Operational Risk within a highly regulated industry such as banking, insurance or broader financial services.
Strong experience in Line 2 Risk and Compliance functions, with Line 1 risk experience also beneficial.
Demonstrated experience conducting oversight and assurance activities across risk management, compliance and control frameworks.
Experience monitoring and analysing incident reporting, identifying trends, emerging risks and opportunities for control improvement.
Strong understanding of enterprise risk management, compliance obligations and prudential regulatory requirements.
Exposure to APRA standards including CPS 230 and ASIC regulatory requirements, including RG271 and/or RG274, will be highly regarded.

Skills

Risk Management
Compliance
Oversight
Assurance
Operational Risk
Risk Insights
Reporting
Governance
Regulatory Obligations
Risk Assessments
Incident Reporting Analysis
Control Improvement

Location

Australia

Work Type

12 Month Fixed-Term Contract
Full-time

Experience Level

Senior

Benefits

Connection
Personal development
Health and wellbeing

About the Company

Medibank strives to make real, fundamental change, driven by a simple purpose: to create the best health and wellbeing for all of Australia.
Medibank proudly recognised as Best Enterprise Organisation, 2026 AFR BOSS Best Places to Work

Equal Opportunity

We encourage applications from everyone, including Aboriginal and Torres Strait Islander peoples, neurodivergent candidates, LGBTQIA+ community including transgender and gender diverse candidates and candidates with a disability.
We welcome applications from talented candidates across Australia and encourage people from all locations and communities to apply.
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