Senior Manager, Risk & Compliance - Life & Solutions (12-month contract)

at  Challenger

Challenger Limited is an ASX-listed investment management firm managing $105 billion in assets (as at 30 June 2023). Life with us is fast moving and always exciting. Together we’re driving to deliver our vision to provide our customers with financial security for a better retirement.
We achieve this goal by providing a work environment where people from diverse backgrounds, with a range of skills and experiences can contribute and succeed.
The purpose of this role is to support the Head of Risk & Compliance Life, to deliver end to end Operational Risk and Compliance support to the Life and Solutions division, which incorporates the Life investments team, COO team, and the Financial Risk team.
The Risk & Compliance team which is part of the Risk Division reporting to the Chief Risk Officer assists the businesses in meeting their obligations and managing risk and encourages a risk & compliance focused culture. The Risk & Compliance teamwork with the business as a trusted advisor and is accountable for the delivery and implementation of an effective Compliance and Operational Risk framework. Our activities ensure that Challenger maintains a competitive position in a complex and ever-changing environment.

Role Responsibilities:

• Providing licensing, regulatory, operational risk and compliance support on key transactions, including facilitation of delivered risk workshops so the business can clearly understand the risks of entering the new deal and controls required to appropriately manage the new operational risks.
• Advising and assisting Challenger with their regulatory interactions, such as APRA prudential reviews and consultations, regulatory lodgements, license variations, Responsible Manager appointments and breach notifications.
• Maintain the Compliance Plans for the Life investments business and the Risk and control registers.
• Facilitating risk workshops, scenario analysis and periodic risk and control self-assessments.
• Ensuring accurate and timely monitoring and reporting of compliance incidents and breaches and continually identifying areas for improvement.
• Reviewing of investment management agreements, requests for proposal and outsourcing arrangements including the management of SLA’s.
• Production of Board, Committee and other reports, as well as presentation to boards.
• Assisting in the management of complaints including with external dispute bodies.
• Develop and deliver training to the Life business to improve risk culture and risk awareness.
• Provision of accurate and timely general risk, compliance and governance advice to the Challenger business units.
• Keeping abreast of regulatory change and external environmental factors and bringing this back to the life investments team to improve their risk understanding.

Role Requirements:

• Knowledge and understanding of a front office division’s operations.
• Understanding the key compliance requirements of an ASIC regulated business.
• Understanding of compliance management practices and frameworks.
• Understand the application of ISO 19600 and ISO 31000 to a publicly listed conglomerate entity.
• Knowledge of Financial Services Laws (including Corporations Act, and Life Act,) regulatory framework including listed investments requirements. Particularly the regulations that underpin trading.
• Knowledge of APRA regulations of a Life Company.
• 5 years plus risk and/or compliance experience.
• Experience in managing a robust risk & compliance framework across a diverse financial services business.

As part of the Challenger Group, you can expect a competitive reward package as well as a range of social and wellbeing focused benefits, flexible working practices and salary sacrifice initiatives. You can see the full range of our benefits here for more information.
https://www.challenger.com.au/about-us/careers/our-benefits
We value inclusion and diversity of thought, promote flexible working practices so our people can integrate their work and personal lives, and are proud to be a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality.
We believe in bringing your authentic self and a belonging in our culture. We are prideful in participating in the Australian Workplace Equality Index (AWEI) as a national benchmark on LGBTQ+ workplace inclusion and best practice in Australia. We offer the opportunity for a broad career experience and value people who are inquisitive and rigorous and are driven to make a difference.
Job type:
Max Term (Fixed Term)
Posting Close Date :
10/05/202

Role Responsibilities:

• Providing licensing, regulatory, operational risk and compliance support on key transactions, including facilitation of delivered risk workshops so the business can clearly understand the risks of entering the new deal and controls required to appropriately manage the new operational risks.
• Advising and assisting Challenger with their regulatory interactions, such as APRA prudential reviews and consultations, regulatory lodgements, license variations, Responsible Manager appointments and breach notifications.
• Maintain the Compliance Plans for the Life investments business and the Risk and control registers.
• Facilitating risk workshops, scenario analysis and periodic risk and control self-assessments.
• Ensuring accurate and timely monitoring and reporting of compliance incidents and breaches and continually identifying areas for improvement.
• Reviewing of investment management agreements, requests for proposal and outsourcing arrangements including the management of SLA’s.
• Production of Board, Committee and other reports, as well as presentation to boards.
• Assisting in the management of complaints including with external dispute bodies.
• Develop and deliver training to the Life business to improve risk culture and risk awareness.
• Provision of accurate and timely general risk, compliance and governance advice to the Challenger business units.
• Keeping abreast of regulatory change and external environmental factors and bringing this back to the life investments team to improve their risk understanding

Role Requirements:

• Knowledge and understanding of a front office division’s operations.
• Understanding the key compliance requirements of an ASIC regulated business.
• Understanding of compliance management practices and frameworks.
• Understand the application of ISO 19600 and ISO 31000 to a publicly listed conglomerate entity.
• Knowledge of Financial Services Laws (including Corporations Act, and Life Act,) regulatory framework including listed investments requirements. Particularly the regulations that underpin trading.
• Knowledge of APRA regulations of a Life Company.
• 5 years plus risk and/or compliance experience.
• Experience in managing a robust risk & compliance framework across a diverse financial services business