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About the Role
This senior leadership role within the Bank’s Line 2 Business Risk Oversight function will shape risk oversight across major projects and transformation programs. The Reserve Bank of Australia is undertaking significant change, and effective delivery is critical to achieving strategic priorities. You will lead independent review, challenge, and insight across the Bank’s portfolio of major projects and transformation programs, helping senior leaders understand risk management and delivery confidence.
Responsibilities
- Lead a small team providing independent Line 2 oversight of major projects, programs and transformation initiatives.
- Maintain a clear, risk-based approach for determining where Line 2 oversight will add the greatest value.
- Provide independent advice and constructive challenge to executives, project sponsors and governance committees on delivery risk, delivered risk and significant project decisions.
- Assess whether reported project status and delivery confidence are supported by evidence across scope, schedule, cost, resourcing, dependencies, benefits, controls and implementation readiness.
- Identify emerging risks, control weaknesses, governance gaps and systemic themes across the change portfolio.
- Lead targeted reviews, thematic assessments, deep dives and other Line 2 review activities at critical decision points.
- Challenge material assumptions, risk acceptance and proposed commitments where the evidence, risk exposure or remaining uncertainty is not sufficiently clear.
- Oversee the development of integrated and forward-looking review plans, working with the first line and Audit to improve coverage and avoid unnecessary duplication.
- Produce concise, decision-useful reporting for senior management, executive committees and Board committees.
- Strengthen the Bank’s approach to project risk, delivered risk, benefits realisation and the transition of risk ownership into business-as-usual operations.
- Influence improvements to project governance, risk management, escalation and decision-making across the Bank.
- Lead, coach and develop team members, while drawing on specialist risk expertise where required.
Requirements
- Experienced project risk leader.
- Operate credibly across complex projects while retaining a clear enterprise and Line 2 perspective.
- Significant experience in project risk, program assurance, transformation governance, enterprise or operational risk, internal audit, project controls or a related discipline.
- Demonstrated experience providing independent oversight and constructive challenge across major projects, programs or transformation portfolios.
- Strong understanding of project and program governance, risk management, assurance and control frameworks.
- Ability to assess delivery confidence across scope, schedule, cost, benefits, resourcing, dependencies, governance and implementation readiness.
- Experience evaluating complex technology, cyber security, infrastructure, operational or enterprise transformation initiatives.
- Strong judgement and the confidence to distinguish evidence of activity from evidence that risk is being effectively reduced.
- Ability to identify root causes, interconnected risks and portfolio-wide themes rather than considering projects only in isolation.
- Proven ability to influence executives, project sponsors and senior delivery leaders, including where difficult or sensitive messages need to be raised.
- Experience producing high-quality reporting and presenting complex risk matters to executive or Board-level governance forums.
- Ability to translate detailed project and technical information into clear business implications and practical recommendations.
- Experience leading, coaching and developing high-performing risk or assurance professionals.
- Professional independence, intellectual curiosity and the ability to build trusted relationships without compromising the clarity of Line 2 review and challenge.
Skills
- Project risk
- Program assurance
- Transformation governance
- Enterprise risk
- Operational risk
- Internal audit
- Project controls
- Risk management
- Assurance
- Control frameworks
- Delivery confidence assessment
- Technology risk evaluation
- Cyber security risk evaluation
- Infrastructure risk evaluation
- Reporting
- Presentation
- Leadership
- Coaching
- Team development
Location
- Australia
Work Type
- 5 year fixed-term contract
- Full-time
Experience Level
- Senior leadership
- Experienced
Education Level
- Relevant tertiary qualification in risk, project management, business, finance, technology, engineering or a related field, or equivalent professional experience.
- Professional qualifications in risk, project management, assurance, accounting or internal audit would be well regarded.
Benefits
- Development and career opportunities
- Collaborative environment
- Support for growth
- Wellbeing support
- Flexibility
About the Company
- The Reserve Bank of Australia is undertaking significant change across its technology, infrastructure, operations and enterprise capabilities.
- 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.
- We also issue Australia's banknotes and operate infrastructure critical to the payments system, all of which contribute to the welfare of the Australian people.
- Striving to be Open & Dynamic, we consider and incorporate different perspectives, work across teams and are transparent with each other, whilst delivering quality together effectively and focusing on outcomes by prioritising, testing, learning, and refining as we go.
- Our people conduct themselves with a high degree of integrity, while striving for excellence in the work they perform and the outcomes they achieve.
- We encourage intelligent inquiry and we treat one another with respect while promoting the public interest through our efforts.
- Business Risk Oversight forms part of the Bank’s Risk and Compliance Department and provides independent Line 2 review, challenge and insight across material enterprise risks.
- The Project Risk and Oversight team works across the Bank’s portfolio of strategic change.
- The team does not manage projects or own their risks. Instead, it helps decision-makers understand whether risks are being effectively managed, whether controls and mitigations are working, and whether material commitments are supported by sufficient evidence.
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.