READY FOR ANYTHING
At IAG, we live and work by our purpose to make your world a safer place. We are motivated by a unique culture that celebrates honesty, creativity, empathy, equity and collaboration. We call it the IAG way, and it means we all share a ‘ready for anything’ mindset that sets the tone for positive actions and positive outcomes. We put heart into everything we do which guides us to create amazing things for our customers, our people and our communities.
We’re brimming with ideas, ambition and a readiness to apply bold thinking and risk awareness to make a difference where it matters most.
As the largest general insurance group in Australia and New Zealand, we own some of the region’s most trusted brands, including NRMA Insurance, CGU, SGIO, SGIC and WFI. We are ready for anything.
The purpose of this role and your unique contribution is to be part of the operational risk team responsible to drive efficient and effective management of operational risk in the Australian Division. The Lead, Operation Risk assigns, oversees and undertakes risk identification management, mitigation and reporting alongside business owners aligned to the IAG Risk Management Strategy, Risk Management Framework and Risk Appetite Statement. This role is a visible advocate for driving risk maturity uplift and improvement in operational risk culture within the Australia Division, and leads activity across the Operational Risk Specialists within the team. A critical success factor for the role is the ability to engage broadly and communicate effectively within IAG to influence a practical understanding of operational risk.
You will develop and implement the Risk Management Strategy, Risk Frameworks and methodology at a business unit level to increase operational risk maturity as a lead.
You will provide assurance to the interactions we have with our customers to ensure they are receiving service aligned to the correct processes and policy information through associated risk activity.
You will lead the uplift of Risk maturity across Australia via a business partnering model with the Business Unit Risk reps to facilitate the taking of risk within appetite by risk owners.
You will lead business unit risk profiling activity and risk forums alongside the operational risk managers.
You will work with the business unit owners to provide mitigations and plans including coaching, workshops and other activities.
You will co-ordinate and delivers risk-based reviews of businesses process to determine whether they are being executed and managed effectively,
supporting a continuous improvement approach – supporting or coordinating with the Targeted Review Team where necessary
You will co-ordinate and identifies whether the design and execution of controls are adequate and effective in mitigating risks, including establishing a robust control environment through control and process testing.
You will co-ordinate and ensures risk profiles & control test outcomes are regularly updated in the relevant systems e.g. GARi
You will provide incident management oversight and supports the business owners to respond to investigating, managing and resolving incidents and escalations, including the reporting of significant reportable breaches to regulators.
You will drive process excellence through continuous improvement of operations and performance
You will undertake reliable and factual risk reporting through necessary systems and processes, including oversight of incidents
You will certify compliance with our policies, procedures, contracts, applicable laws and regulations alongside the Compliance Leads
You will lead, assign and oversee activity of Risk Specialists
You will provide coaching to increase the technical skills and capability of others within the function
You will promote the embedment of risk maturity in the business and a proactive risk management culture
Skills & Experience
Experience in General Insurance or financial services industry, and exposure to risk management or compliance roles.
You will have strong People Leadership experience along with demonstrated experience in Control Testing.
You will be an analytical thinker and have knowledge of techniques and tools that promote effective analysis.
You will have knowledge of issues, opportunities and challenges for conducting business in the international marketplace and have the ability to apply this knowledge appropriately to diverse situations.
You will have knowledge of the insurance industries trends, directions and major issues and regulatory considerations along with strong business acumen.
Tertiary qualification/s in Economics /Accounting / Finance / Law or related fields desired.
Relevant industry or specialism qualifications e.g.: ANZIIF, AS/NZS ISO 31000:2009 (Risk management -principles and guidelines)
Ready for anything? Let’s talk.
IAG rewards and recognises its people with generous benefits, career development opportunities and real work-life balance. Employees also enjoy 13% superannuation, up to 50% insurance discounts, flexible work and leave options, generous parental leave and return to work programs, various corporate partner discounts and a people-focused culture that celebrates achievements big and small.
Creating a workforce that actively embraces diversity, inclusion and a sense of belonging is key to our success. We believe in treating everyone fairly which means that inclusion, removing barriers, striving for equity and embracing diversity are woven through our values and behaviours. We encourage applications from all backgrounds and communities and are committed to providing a work environment that enables you to thrive, whatever your circumstances. If we can provide support with access requirements, alternative work arrangements please advise us via your application.
IAG has committed to the reconciliation movement in Australia for First Nations people and focus on providing a safe and supportive work environment for all our employees. More information on our Reconciliation Action Plan can be found on our company website.