Download Role Description - AustralianSuper

Position Description
Part A - Role Specification
Role Title:
Analyst – Operational Risk
Department:
Investments
Level:
Position Statement (succinct statement of why the position exists)
Reporting to the Manager – Portfolio Risk, this role will assist in the implementation and operation of a
comprehensive Risk Management Framework and robust risk culture within the Investment Department.
Key Duties (what is done, how it is achieved and what the end result is)

Implement Risk Framework (30%)
1. Assist in the implementation of the Investment Department’s strategy to embed the Operational Risk
Framework within Investment Department
2. Support Portfolio Risk to fulfill its ‘first line of defense’ role by assisting Investment business units meet
their Operational Risk obligations/ requirements
3. Ensure specific risk tasks (i.e. incident management and remediation of findings) are appropriately
integrated with the overall delivery of the Risk Framework.

Internal Risk Assessments (30%)
1. Support the roll-out of risk processes, tools and reporting to the Investment Department
2. Support the implementation and adoption of a Fund wide Operational Risk Management system
3. Assist with (annual and ad-hock) risk reviews of Investment business units
4. Interpret and adapt fund-wide Risk policies for implementation within Investment business units

Department Level Risk Oversight (25%)
1. Assist business units with the documentation and update of process maps, including the identification
of risk and controls. This will also require input into process and/ or control improvement
recommendations
2. Assist business units with remediation of findings and incidents, and ensure any controls eventuating
from the close out of such activities are reflected in process maps and associated documentation

Portfolio Risk Compliance Oversight (15%)
1. Assist with the production of appropriate risk reporting for senior management, advisory groups, group
risk and Board committees
2. Represent Portfolio Risk, as required, on Investment and Fund wide projects and new business
platforms
Quantitative Data (e.g. Number of Staff)
 Staff (direct reports) None currently
 Budget TBD
Delegations, Authority Levels, and Decision Making (including decisions made by incumbent as well
as referrals to higher authority)

None
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Part B - Person Specification
Qualifications
Relevant Tertiary and Industry qualifications and accreditations
 B.Com, B. Fin or equivalent gained in Australia or overseas
 Industry post graduate qualifications would be beneficial
 Exposure to LEAN, six sigma or other recognizes business continuous improvement accreditation
Experience Profile:
Required:
 Experience guide (> 2 years post graduate experience in Internal or External Audit or Operational Risk)
 An understanding of prudential or markets regulations with respect to risk management and investment
governance experience will be drawn from either first, second or third line of defense risk management
functions from within major financial institutions, custodians, pension funds or insurance office (specific
investment functional exposure is an added benefit)
 Exposure to Internal or External Audit risk and control identification and testing practices/ methodologies
 Strong analytical skills, organizational skills and a high attention to detail
 Strong written and oral communication/ interpersonal skills with the ability to present ideas, perspectives
and issues to senior management
 Strong engagement skills that reflect a professional, collegiate and engaging approach to risk
management
 Self-starter and comfortable working in a small team and a rapidly changing environment
 Character and personality represents a cultural fit with Portfolio Risk and Fund objectives
Highly Desirable:
 Exposure to or experience with Governance, Risk and Compliance (GRC) systems
 Exposure to institutional investment strategies including a strong working knowledge of derivative
instruments and pooled investment structures
Part C – Required Competencies
Competencies Profile
Competency
Required Level (Developing/Effective/Strength)
Shapes member experience
Developing
Technical competence
Effective
Business and industry awareness
Developing
Relationship–building and partnering
Strength
Embracing challenge
Strength
Informed and decisive judgement
Effective
Results delivery
Strength
Clarifying direction
Developing
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Part D – Additional Information
Additional Information
Key challenges for the incumbent of this role include:
 Managing competing priorities and change
 Balancing the competing demands made on time
 Keeping abreast of market trends and industry developments/legislative developments and responding
proactively
 Ability to operate support systems and apply processes that will be required for a rapidly growing fund that
is seeking to be seen as an industry leader
 Facilitate and drive change and to operate within an environment going through considerable change.
The role is located at Level 33, 50 Lonsdale Street
The AustralianSuper is an Equal Opportunity Employer.
The role is an operational risk role and not substantively a compliance role. The role within Portfolio Risk will
be a generalist role across all risk aspects within the Investment Department that will draw upon the financial
and/or operational risk experience of the preferred candidate. It would suit candidates with the requisite
experience to broaden their risk experience and knowledge within a large institutional investment business.
This description is indicative of the range of job requirements and accurately reflects the requirements of the
role at the time of writing. Due to the nature of the work environment changes may occur to this role over
time. The job comprises other duties as required.
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