Risk Class	Operational Risk and Compliance
Practice Area	Assurance,
Specialist Area	Group Finance Assurance
Role Title	Assurance Manager - Finance, Risk Assurance
Risk JFF Code	DA-10

Role Purpose

To support the Senior Assurance Manager in the provision of assurance opinion on the effectiveness of Operational risk management in the division.
A key component of the role is establishing effective working relationships within the Risk Assurance team and the 3 Lines of Defence to maximise the value provided by each line and avoid duplication.

Major Accountabilities / Responsibilities

Strategy

To assist in the development of the overall strategy and approach to risk and compliance assurance in the division in line with 3 Lines of Defence Risk Management Framework and the divisional business strategy.

Planning

Support development of the divisional Assurance plan
Support Senior Assurance Manager and peers to ensure the Operational Risk Assurance plan is co-ordinated with other assurance teams and aligns with those of other divisions to minimise gaps and overlaps and provide end-to-end coverage across organisational boundaries.
Develop detailed scoping and Risk Control Matrix (RCM) for assigned Assurance Reviews

Delivering

Team lead and Ensures delivery of Assurance Plan
Reports to BU Leaders on findings of substance and works with them to resolve issues and take advantage of opportunities to improve the risk management in their area.
Provides concise, integrated risk reporting to Senior Assurance Manager on the effectiveness of risk management in the division based on findings from ongoing assurance activities and assurance reviews.
Tracks the resolution of significant issues identified during assurance activity.

Leading the team

Participate and contribute to a high-performing 2^nd Line Assurance team comprising a diverse range of skills and a flexible workforce including secondments, guest reviewers and leveraging the capacity of risk and compliance advisors.

Broader Contribution

Assists Senior Assurance Manager to develop and maintain strong relationships with external and internal audit in order to achieve a coordinated and integrated programme of assurance for the division.

Contributes to the ongoing development of the Operational Risk culture with an emphasis on ownership by the 1st Line.

Contributes proactively and constructively to the companies Group's risk and compliance forums & initiatives to achieve alignment and develop / share best practice opportunities

Key Performance Measures

Planning, execution and on time delivery of assurance plan (to the satisfaction of Executive and Senior Assurance Manager)

Recognised by Risk (both enterprise and divisional) Leadership as providing a robust, effective assurance opinion giving confidence & "no surprises"
Staff engagement in individually team-lead assigned assurance reviews
Recognised by Head of Business adding value to their area
Meeting associated assessed performance targets outlined in the role specific objective set

Knowledge and Experience

Strong Prudential reporting knowledge and understanding of core risk methodologies and practices. (MUST)

Extensive business risk assurance and monitoring experience (MUST)
Demonstrable experience formulating & delivering Operational Risk assurance (Desirable)
Exposure to offshore regimes & international developments in financial services (Desirable)

Relevant industry and other professional qualifications (desirable)

Tertiary qualifications in a business related discipline (desirable).

Risk Specific Competencies	Proficiency Level
Prudential Reporting	Advanced
Compliance Knowledge	Advanced
Credit Management	Intermediate
Economic & Industry Risk	Intermediate
Operational Risk Knowledge	Advanced
Policy Development & Implementation	Advanced
Risk Analytics	Intermediate
Risk Assessment & Decisioning	Advanced
Risk Incident Management & Investigations	Advanced
Risk Monitoring and Control	Advanced
Finance Specific Competencies	Proficiency Level
Audit	Advanced
Business-wide Competencies	Proficiency Level
Building Capability (Learning)	Advanced
Business Knowledge	Advanced
Collaboration	Advanced
Consulting and Advisory	Advanced
Influencing and Negotiating	Advanced
Innovation	Advanced
Leadership	Advanced
Organisational Values	Mastery
Stakeholder Management	Mastery
Strategic Thinking	Advanced
Technology and Systems	Advanced

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