AddressChallenger 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 in the delivery and continual improvement of a robust governance, risk and compliance framework for the Boutique Investment Management businesses where Fidante has an economic interest. In addition, the role involves the provision of risk and compliance advisory services to external investment managers that partner with Fidante
The Risk & Compliance Team
- This role forms part of the Risk & Compliance team that supports Challenger's Funds Management business. There are currently five risk and compliance professionals working in this team and a further 15 (approximately) working in the broader Challenger Risk & Compliance team . This is a new role that has been created because of the growth of the Funds Management business. The Head of Risk and Compliance Funds Management reports to the General Manager Risk and Compliance. The Risk and Compliance Team forms part of the Challenger Risk team that is led by the Chief Risk Officer.
- The Risk & Compliance team assists the businesses in meeting their obligations and managing risk and encourages a risk and compliance focussed culture. The Risk & Compliance team work with the business as a trusted advisor and are accountable for the delivery and implementation of effective governance, risk and compliance frameworks. Our activities ensure that Challenger, the Funds Management business, its internal investment teams and its Boutique Partners maintain a competitive position in a complex and ever-changing environment.
Through working with key stakeholders and collaborating with the broader Risk & Compliance team, and our Boutique Partners this person will be responsible for:
- Providing accurate and timely risk and compliance advice to Fidante Partners Responsible Entity Boards, Compliance Committees and Management as well as to our Boutique Partners
- Developing, implementing, maintaining and monitoring of the Risk Framework, Compliance Plans and relevant Policies, Practice Notes and Procedures
- Development, implementation and maintenance of policies and procedures for our Boutique Partners, tailored to the size, nature and complexity of their businesses
- Production of Board, Committee and other reports, as well as presentation to boards, committees and management
- Reviewing Investment Management Agreements (IMAs), Requests for Proposal (RFPs) and other investment management documentation
- Reviewing product disclosure statements (PDSs) and other offer documents, as well as product development related material and marketing materials
- Maintaining the Fidante Partners Risk Register, and working with relevant stakeholders to identify risks and controls relevant to the business
- Facilitating risk workshops, scenario analysis and periodic control self-assessments (CSAs)
- Oversighting post-trade exceptions and ensuring that appropriate actions are completed on a timely basis
- Ensuring accurate and timely monitoring and reporting of incidents and breaches and continually identifying areas for improvement of appropriate controls and risks
- Management of audit requirements including AFSL audits, Compliance Plan audits, GS007 audits, and internal audits for Fidante Partners, as well as assisting our Boutique Partners with their corresponding audit requirements
- Advising on regulatory interactions, such as licence variations, Responsible Manager appointments, breach notifications etc, as well as assisting our Boutique Partners with their corresponding interactions
- Maintaining and monitoring the GRC system across the portfolio:
- Ensuring tasks are accurately worded, are relevant and appropriately allocated
- Following up exceptions/escalations on a timely basis
- Continuous improvement of the evidence portfolio and ongoing assistance to key stakeholders
The Operational Aspects of the Role:
- Establishing strong relationships with Risk & Compliance team and Risk & Compliance business partners, directors and senior executives across the Boutiques and Fidante Partners business
- Assisting with the implementation of the Challenger Risk & Compliance frameworks across the Boutiques and Fidante Partners business
- Responding to day-to-day queries from the Boutiques and across the Fidante Partners business
- Working to key deadlines (board meeting dates, regulatory deadlines etc), to deliver items of work as required
Knowledge required:
- Understanding of risk and compliance management practices and frameworks
- Understand the application of ISO 19600 and ISO 31000 to a publicly listed conglomerate entity as well as boutique investment management firms
- Knowledge of Financial Services Laws and regulatory framework including listed investments requirements
- Knowledge of Investment and specialist Funds Management Industry practices and procedures
- Knowledge of financial services laws and regulatory frameworks in foreign jurisdictions (Nice to have but not mandatory)
Experience required:
- 3+ years Risk & Compliance experience
- Experience in managing a robust risk and compliance framework across a diverse financial services business
- Experience in delivering advice to a range of internal or external stakeholders/clients
- Overseas Risk or Compliance experience
- (key markets of interest are UK/Europe, Japan, & US)
Qualifications / Certifications:
- Relevant Tertiary Qualifications
- Post graduate qualification in finance, risk management, compliance or governance (Nice to have but not mandatory)
- Risk Management or Compliance Certification (eg GARP / PRMIA / RMIA / GRC Institute) (Nice to have but not mandatory)
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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:
Permanent
Posting Close Date :
31/03/2024
