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About the Role
This new Manager role in the Financial Markets Portfolio Risk (FMPR) team will lead the development of financial risk modelling capability to support the quantification of financial risks on the Bank’s balance sheet. This role will inform monitoring of financial risks and provide advice on risk implications of policy design and implementation options to stakeholders.
Responsibilities
- Review and uplift maturity of risk modelling tools, processes and controls in line with the Reserve Bank’s Model Risk Management Policy and coding governance standards.
- Implement and maintain robust model and data validation processes.
- Review and implement extensions to existing risk models to support stress testing across a broader range of scenarios.
- Develop and implement longer-term plans for uplifting FMG’s risk quantification capabilities.
- Coordinate the monitoring and reporting of risk metrics to senior management and Line 2 risk.
- Liaise with stakeholders across the Bank on financial risk quantification issues.
- Conduct and oversee analysis of financial risks across the Bank’s portfolio.
- Contribute to the overall leadership of FMPR.
- Provide leadership, guidance and mentoring to analysts.
Requirements
- Thoughtful and collaborative leader with a track record of delivering complex work.
- Proven ability to build capability in others.
- Demonstrated success in influencing outcomes across a broad range of stakeholders.
- Robust quantitative skills.
- Strong background in financial markets.
- Good understanding of the policy context for the Bank’s financial market operations.
- Good working knowledge of linkages between the Bank’s domestic and international market operations and our balance sheet.
- Familiarity with business coding best practice.
- Familiarity with risk and compliance management frameworks.
- Highly effective influencing and communication skills.
- Strong stakeholder engagement skills.
Skills
- Value-at-risk modelling
- Expected shortfall modelling
- R programming
- Financial risk quantification
- Risk modelling
- Stress testing
- Scenario analysis
- Risk metrics monitoring and reporting
- Stakeholder liaison
- Financial risk analysis
- Leadership
- Mentoring
Location
- Sydney CBD
Work Type
- Hybrid
- Full-time
- Permanent
Experience Level
- Manager
Benefits
- Development and career opportunities
- Collaborative environment
- Support for growth
- Wellbeing support
- Flexibility
About the Company
- The Reserve Bank of Australia (RBA) implements the Reserve Bank's operations in domestic and foreign exchange markets, monitors developments in financial markets and coordinates the Bank's relationships with international institutions.
- The RBA makes an important contribution to the Australian economy through the pursuit of national economic policy objectives and associated activities in financial markets and banking.
- The RBA issues Australia's banknotes and operates infrastructure critical to the payments system.
- The RBA is made up of specialists across a wide range of fields.
- The RBA values and culture play a critical role in achieving its objectives.
- The RBA strives to be Open & Dynamic, considering and incorporating different perspectives, working across teams, and being transparent.
- The RBA focuses on delivering quality together effectively and focusing on outcomes by prioritizing, testing, learning, and refining.
- RBA people conduct themselves with a high degree of integrity, while striving for excellence in the work they perform and the outcomes they achieve.
- The RBA encourages intelligent inquiry and treats one another with respect while promoting the public interest.
Equal Opportunity
- The Reserve Bank of Australia is committed to equity, diversity and inclusion through key initiatives.
- We welcome and encourage applicants from diverse backgrounds to apply, including Aboriginal and Torres Strait Islander peoples, culturally and linguistically diverse background, those living with a disability and from the LGBTQ+ community.
- We are committed to making the recruitment process fair and equitable for all our candidates.