Portfolio Risk Senior Analyst

at  Reserve Bank of Australia

Portfolio Risk Senior Analyst
Work that makes a difference
Opportunity for an experienced Senior Program Risk Coordinator to support a major Core Modernisation Program in the Bank providing risk management support, multi-workstream coordination, and risk reporting.
This is a Two Year Fixed Term Contract
Objective
To work collaboratively across all workstreams within the Core Modernisation program to ensure that risks and issues are effectively managed during their lifecycle by following the Bank’s Risk Management and Project Management frameworks.
Your Team
As a key member of a newly created team, you will be part of the foundations to build and grow the programs risk management function. You will also be part of the Risk and Compliance Department that supports the consistent and effective application of the Bank’s framework for managing risk and compliance obligations, both at the enterprise level and for individual business units across the Bank.
Description
The role lies within the Program Structure, providing specialised advisory to workstreams within the program on matters of risk and issue management, in line with the procedures described in the Bank’s Risk and Compliance Management Framework and the Project Management Framework. You will also ensure all relevant reviews are considered including working with the second line project assurance team.
A key emphasis lies in fostering a risk conscious atmosphere among project teams, motivating individuals to embrace a constructive and forward-thinking approach to risk management, management of the programs RAID, and consistent and accurate risk reporting.
Risk Management Throughout the Project Lifecycle:
1. Recognizing, Evaluating, and Tracking Risks: The role will work with the workstreams to ensure that risks are identified from the outset and evaluated in a comprehensive manner. Their expertise allows them to delve into the complexities of potential risks that might not be immediately apparent. These risks will be tracked meticulously to prevent any surprises later in the project.
2. Overseeing Mitigation Actions: The incumbent will not just assist in recognising risks, but also assist the workstreams in the development and implementation of mitigation strategies. This proactive approach will address risks before they eventuate into Issues.
3. Fostering Collaboration: The incumbent will collaborate closely with the project teams, ensuring that relevant stakeholders are engaged in the risk management process.
4. Facilitating Regular Risk Workshops: The incumbent will conduct regular workshops to address emerging delivery risks and ensure that the workstreams remains vigilant. These workshops will provide a platform for open discussions, enhancing risk awareness across the board.
Risk Reporting and Documentation:
1. Developing and Maintaining a Centralised Log: This documentation ensures that risks are not only identified but are also tracked and managed effectively in the RAID. The incumbent will ensure quality of the risks and issues documented in the RAID is of sufficient quality for the corresponding risk reporting.
2. Weekly Governance forum Status Reporting and Steering Committee (SteerCo) Reporting: The incumbent will assist the program team in the creation of regular status reports that highlight the current state of delivery risks and issues, ongoing mitigation efforts, and any changes in risk assessments. These reports will be invaluable in keeping stakeholders informed and providing the SteerCo with a clear understanding of the program’s risk landscape and ensures that the program’s risks align with the overall risk management strategy of the organization.
Your background

To be successful in this critical role you will possess:

• Strong Project/Program Coordination / Management experience is essential
• Experience in project risk management is highly desirable
• Experience in managing both delivery risks and issues in projects is highly desirable
• Experience working in a deadline oriented environment is highly desirable.
• A background in IT is beneficial
• Ability to work with senior stakeholders to enhance risk capability within the organisation
• Demonstrated ability to produce insightful risk reports which generate improvements and drive change
• Experience of operating within a three lines of accountability model to support effective challenge and transparency
• Proven experience building and maintaining stakeholder relationships at a senior level
• Relevant tertiary qualifications in project management or risk management will be highly regarded
• Certifications relevant to project management (Prince 2, PMI) or risk (CRISC, CISA etc) will be highly regarded

Be More
Working for an organisation that truly makes a difference to the people of Australia, we can offer development and career opportunities in a collaborative environment that supports your growth, wellbeing and promotes flexibility. Your individual growth and success drives the RBA forward as an organisation. Be more means you can do more, for yourself and for Australia.
Why RBA?
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. Made up of specialists across a wide range of fields, our people, values, and culture play a critical role in achieving our objectives. 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. We know it is the growth and success of our people that drives the RBA forward. Come and make a bigger contribution while you build and develop your own skills too, because being more means you can do more, for yourself and for Australia.
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.
Application Close :
February 14, 2025

• Strong Project/Program Coordination / Management experience is essential
• Experience in project risk management is highly desirable
• Experience in managing both delivery risks and issues in projects is highly desirable
• Experience working in a deadline oriented environment is highly desirable.
• A background in IT is beneficial
• Ability to work with senior stakeholders to enhance risk capability within the organisation
• Demonstrated ability to produce insightful risk reports which generate improvements and drive change
• Experience of operating within a three lines of accountability model to support effective challenge and transparency
• Proven experience building and maintaining stakeholder relationships at a senior level
• Relevant tertiary qualifications in project management or risk management will be highly regarded
• Certifications relevant to project management (Prince 2, PMI) or risk (CRISC, CISA etc) will be highly regarde