Analyst, Enterprise Risk

Job description:

Analyst, Enterprise Risk (Investment and Business Operations)

About Future Fund

The Future Fund is Australia's Sovereign Wealth Fund. At Future Fund we have a clear purpose: investing for the benefit of Australia's future generations.

Decision making is our commercial competitive advantage. Our organisation is home to ambitious, high-performing people who are driven to do meaningful work, grow professionally, support their peers and colleagues, and contribute to the future success of our organisation.

Our ‘One team, One purpose' philosophy underpins our unique culture and the way we work together at the Future Fund Management Agency ("Agency"). This philosophy extends into all aspects of our organisation and guides how and why we do what we do.

The Opportunity

We are hiring an Analyst to join our Enterprise Risk ("ER") team in Melbourne. The Analyst will be part of the ER Business Partnering function, supporting the Investment and Business Operations ("IBO") business unit. IBO comprises a range of functions that provide essential investment and business operations services such as Finance, Investment Operations, Investment Data Management, and Technology.

The ER Business Partnering function supports IBO to identify, assess, and manage the risk and control environment in line with Agency frameworks, policies, and Board appetite. It also provides advice and constructive challenge to business decisions and activities.

The position would suit either someone who has worked in a similar risk management function, internal audit, or someone with a financial services operations or investment background who has a desire to move into an operational risk role. We also welcome applicants from a consulting background with industry knowledge and strong analytical skills.

Key Responsibilities

Some of the role's key duties include:

Risk Profiling:

• Supporting IBO to identify and document operational risks and provide recommendations for process improvement (efficiency gains and risk reduction).
• Apply Agency likelihood and consequence matrices to assess the inherent risk of IBO's business activities
• Provide advice and constructive challenge to the business on designing controls to mitigate business unit risks and evaluating residual risk after the application of controls.
• Maintaining the IBO Risk Register and supporting risk management registers and dashboards.

Control Testing:

• Testing the design and operating effectiveness of IBO controls, in accordance with the Agency's Control Assurance Framework.

Incident Management:

• Coordinate investigations into the root causes of incidents arising within IBO or relevant outsourced service providers, review and advise on proposed rectification and prevention strategies.
• Log incidents appropriately within the Agency's risk management system and monitor incident actions to closure.
• Provide reporting to Agency stakeholders on the nature and status of incidents.

Internal Audit Coordination:

• Coordinate communication between IBO and the Agency's internal auditor for IBO internal audit scopes.
• Support IBO in preparing for internal audit requests and review draft internal reports for factual accuracy.
• Ensure actions arising from internal audits are appropriately recorded and support the monitoring and completion of management actions and responses.

Training and Awareness:

• Fostering a positive risk management culture, including preparing and presenting internal communications.

Establishing and Maintaining Relationships:

• Developing and maintaining strong working relationships with key internal and external stakeholders.
• Working collaboratively with other ER functions and making positive contributions to relevant Agency risk-related forums.

About You

Qualifications:

• A tertiary degree in an industry relevant discipline.

Knowledge and Experience:

• An understanding of risk profiling and control testing in the investment management or financial services industry.
• Knowledge of investment operations, processes, or experience working in investment operation teams will be highly regarded.
• Experience applying operational excellence, process optimisation or process mapping and analysis are not essential but will be well regarded.

Key Competencies:

• Excellent interpersonal and communication skills.
• Strong collaboration skills and effective team engagement
• Adaptability to a dynamic environment, and ability to time-manage accordingly.
• Commercially minded and solutions driven.
• Ability to complete tasks with high attention to detail, accuracy, and follow-through.
• Demonstrates initiative, problem-solving skills and a continuous improvement mindset.

Life at Future Fund

Our approach to building an inclusive culture is aimed at facilitating impactful, effective, and objective decision making. We continue to deepen our understanding of the lived experience of underrepresented groups within our industry.

To continue to expand our knowledge, we actively encourage you to apply to this role and contribute to our collective Purpose. We are better for our differences and support our people in bringing their authentic selves to work. It not only benefits our teams, it means you can focus on what matters most, being you.

Learn more about life at Future Fund by visiting our LinkedIn Life page.