Line 1 Risk Analyst - Product

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Introduction:
About us.

A unique life requires a unique bank.

Defence Bank is a member-owned bank that has been proudly serving the Defence Community for 50 years. With 26 branches across Australia and our award-winning app, Defence Bank is where our members need us – anywhere, anytime.

The bank provides financial products and services to the Australian Defence Force and its unique community, reinvesting profits for the benefit of our members. We are a leader in our sector and our people led, technology enabled environment, celebrates the individual talents, personalities, interests and needs of our people.

Winner of the Best Reward & Recognition program 2024 and a finalist for Employer of Choice 2024, it is not only our employees who think our bank is truly one of the best places to work.

Description:
Are you our next Risk Analyst?

The Line 1 Risk Analyst – Product will support the Product team in managing operational and non-financial risks within the first line of defence. This role ensures that product design, delivery and lifecycle management are executed in line with Product Governance framework, risk frameworks, regulatory obligations and Defence Banks risk appetite.

Your key responsibilities will include (but are not limited to):

Risk identification, assessment and management across the Product life cycle.
Partner with Product Managers and key stakeholders to manage risks and compliance obligations, embedding risk considerations into day-to-day decision-making
Assist in the design and implementation of effective controls to manage product – related risks, and conducting and coordinating control testing and assurance activities
Ensure adherences to regulatory requirements (e.g., ASIC, APRA, ACCC) and internal risk frameworks, monitoring for relevant emerging regulatory changes
Partner with Compliance, Legal and Line 2 Risk to ensure appropriate challenge and oversight
Prepare risk and compliance reports for product governance forums and risk committees

The newly created Risk Analyst role will play a critical role in safeguarding our Bank, embedding a strong risk culture, driving proactive risk management, and safeguarding positive member and business outcomes

Skills and Experiences:
About You

You are a passionate Risk Analyst professional who has a high attention to detail who is comfortable working within a newly established dedicated Experience and Product team

You will utilise your problem-solving skills to overcome challenges. Your energy, commitment and level-headed approach ensures you thrive in this dynamic environment.

You have:
At least 3 - 5 years’ relevant experience in risk, compliance or product governance within banking or financial services
Knowledge of regulatory obligations and requirements applicable to financial services (e.g., ASIC, APRA, consumer protection laws)

Strong understanding of risk management frameworks and the three lines of defence model
Proven ability to identify, track, monitor risk incidents and issues, assess impact and manage timely resolution
Relevant tertiary qualifications in Business Risk, Commerce or related field

You will also have demonstrated experience or skills in:
Contributing to initiatives that support our members through design and developments of controls and risk in change activities
Strong stakeholder engagement to manage current and emerging risks across different product portfolios
Being detail-oriented with ability to balance risk considerations with commercial objectives
Analysing situations and solving problems.
Working autonomously.
Self-managing your work to achieve deadlines.

We count on you. And you can count on us.

We have a great range of employee benefits including:
Savings across our banking products and services.
Innovative Work-Life fit program including additional days of paid leave await a successful candidate.
Access to our internal "reward and recognition" platform - vouchers, discounts at over 100 retailers, e-cards and much more!

Interested? We'd like to hear from you. Click to apply.

Defence Bank is committed to providing equal opportunities for employment and seek to have a team that reflects our diverse community. We encourage anyone interested in our role and a career at Defence Bank to apply.

All successful candidates will be required to complete employment checks prior to an offer of employment.

Whilst we value and appreciate the time and effort you made to apply for this position, only short-listed applicants with Australian Working Rights will be contacted to discuss their application.

Applications will be reviewed as they are received, and the position may close at any time once a suitable candidate is identified. We encourage interested applicants to submit their applications promptly.