Analyst/Lawyer

at  ASIC

• Identify, assess, and action regulatory issues across the sector
• Permanent role, multiple locations
• Salary from $90,749 plus 15.4% superannuation
  A future with ASIC means that your work will contribute to ASIC’s vision for a fair, strong and efficient financial system for all Australians. We value what you will bring. We value those with sharp, analytical minds and are open to challenging the way things are done.
  The team
  The Credit, Banking & General Insurance team is the team primarily responsible for the regulation and supervision of the credit, banking, payments, debt management, and general insurance sectors. This includes proactive engagement with and monitoring of firms and the sector overall. This team coordinates and provides strategic direction, industry knowledge and technical expertise for ASIC’s work in these sectors.
  The team conducts analysis, research, proactive supervision, monitoring, and engagement work (with a view to appropriate regulatory outcomes), considers applications for relief from legislative requirements, provides specialist support to regulatory reform activities, and actively engages with relevant stakeholders regularly to understand and respond to current and emerging industry issues. The team provides assistance to other teams within ASIC to enable them to carry out their roles, especially the carrying out compliance and enforcement action.
  The Indigenous Outreach Program (IOP) is also within the Credit, Banking & General Insurance team, focusing on consumer protection issues for Indigenous consumers.
  The role

• Identifying, assessing, and actioning regulatory issues across the sector to promote adherence with the law and to promote better outcomes for consumers.
• Contribute to the development of high-quality regulatory documents, such as briefings, submissions to Commission, responses to government, correspondence with external stakeholders and public reports at the end of a thematic surveillance project.
• Consider applications for relief from the legislation administer by ASIC, review the submissions from the applicant (and third parties, as appropriate), consider existing policy and precedents and make a sound recommendation showing regulatory judgment and then settle the relevant legal instrument to give effect to the relief decision.
• Coordinate the effective collection of information and data, analysing a range of qualitative and quantitative data and communicating insights from data.
• Liaising and engaging with internal and external stakeholders on regulatory issues and encourage improvements of industry practice.
• Drafting clear, accurate analysis and advice on simple matters and with supervision on more complex matters.
• Lawyer: provide legal analysis of relevant legislation and draft legal documents, such as notices and instruments.

About you

• Relevant tertiary qualification.
• Knowledge of, or the ability to readily acquire regulatory and sector related knowledge.
• Experience assessing, challenging, and authenticating complex information, and making sound regulatory judgements.
• Experience as an analyst, ideally gained in a corporate, consulting, government or academic environment.
• Strategic thinking, analytical, investigative and research skills, including data analysis and presentation.
• An understanding of the benefits in developing strategic relationships that partner to ensure the effective use of all available data and information opportunities.
• Conceptual, analytical and problem-solving skills as well as drawing reasoned influences from qualitative and quantitative data and to reach robust and practical conclusions.
• Ability to think about and solve problems, coupled with strong business acumen.
• Ability to conduct analysis on the application of laws in relation to financial services sector.
• An ability to research, interpret and applying financial services legislation and policy.

About ASIC
ASIC’s remit is one of the broadest of regulators across the world.
ASIC regulates corporations, markets, financial services and consumer credit and monitors and promotes market integrity and consumer protection in the Australian financial system.
Through our enforcement work, we hold to account those who contravene the law, working to achieve strong outcomes that address the greatest consumer and investor harms.
Through Moneysmart, we aim to improve the skills and knowledge of Australians and provide information and tools to help them in their decision making.
A future with ASIC means that your work will contribute to achieving ASIC’s vision for a fair, strong, and efficient financial system for all Australians.
ASIC is committed to a providing a diverse and inclusive workplace where the very best talent in Australia chooses to work. Indigenous Australians are encouraged to apply as well as applicants from all backgrounds and with different abilities.
Applications for this role will close at 11:59pm on 29 August 2024