Head of Stress Testing

Job Description

If you live in Australia or New Zealand, you've likely heard of AMP. But at a time when society is changing, we are too. We're now a nimbler business with new leadership and thinking.

For us, these are exciting times. There's a real potential for big thinkers to help us redefine what financial services could be. And turn our legacy into something even more positive and powerful for the future.

Help people create their tomorrow, while you create yours

We help people with their banking, super, retirement and finances. Through upturns, downturns, recessions, and major life transitions. Every day, we help people see and make more of their financial potential, so that they can create their tomorrow. And we've been doing it for over 170 years.

If we do our job well, we genuinely add to the prosperity of our country and its people.

Head or Stress testing is responsible for Leading the stress testing function within Group Treasury for AMP Bank and AMP Group and is a highly senior and critical role, essential for maintaining financial stability.

This position involves overseeing the Bank's ICAAP, group-wide capital and liquidity stress testing, and AMP Bank's liquidity and market risk stress testing. By managing these processes, the leader ensures the bank can withstand financial shocks and maintain strong capital and liquidity positions.

Additionally, this senior role is responsible for establishing policies and governance processes, managing the stress testing team, and embedding stress testing into the group's culture. Supporting the stress testing committee and board risk committee is also a key part of the role, helping to safeguard the bank's financial health and support informed decision-making at the highest levels of the organisation.

How you will make an impact

Lead AMP's production of key stress testing methodologies by

• Managing the creation, iteration, and documentation of stress testing narratives, scenarios, and assumptions.
• Overseeing the liquidity forecasting process under daily stress scenarios to ensure compliance with Risk Appetite Statements.
• Maintaining stress testing documentation to ensure all aspects of liquidity stress testing and mitigating actions are appropriate.
• Driving regular and ad-hoc stress testing, including approach and results papers.
• Supporting embedding stress testing results within the Liquidity Risk Management Framework, Capital Management, and other aspects of financial resilience and recovery, including the Contingency Funding Plan.

What you will bring to the role

• Ideally at least 7-10 years in a financial institution.
• Degree in Mathematics, Econometrics, Actuarial Science, Economics, or Commerce.
• Proven track record in liquidity stress testing at an ADI or demonstrated statistical modelling experience would be highly regarded
• Postgraduate studies such as CFA, Masters in Applied Finance, Chartered Accountant, etc. would be highly regarded
• Proficiency in using treasury and/or risk management systems for liquidity stress testing (e.g., Moody's ALM, Kameruka, QRM).

In this senior role, the successful candidate will demonstrate a robust ability to conduct comprehensive financial modelling and balance sheet analysis, underpinned by a deep understanding of financial concepts. They will be adept at communicating and influencing a diverse range of stakeholders, particularly in the context of liquidity stress testing outcomes.

The role demands a critical eye for continuous improvement, effective communication of financial concepts, and strong problem-solving skills.

Furthermore, the candidate will be responsible for effectively communicating and delivering insights derived from their work to senior executives, ensuring that these insights drive strategic decision-making. A dedicated commitment to enhancing the Group and subsidiary capital and liquidity positions is essential, reflecting a proactive approach to financial stability and growth.

If you would like to obtain a Job Description, please all Milica Radomir on 02 9257 5036

You'll thrive here if...

If you can adapt from BAU to the ambiguous with ease, you'll do well here. Change is never easy, so bring your commitment, grit and growth mindset.

Because we run lean, you'll be expected to jump in and deliver across a variety of areas. Meaning, you'll be closer to the action and executive decisions that influence where we go next.

Why we think you'll love working at AMP

Doing what we've always done is not an option, so your clever ideas will get airtime here. You'll be encouraged to speak up and try new things. If they don't work, we move on - better for it.

We know there's no one way of doing things. So, you won't have to sacrifice who you are or how you work to fit in here. We're inclusive and flexible in many of the ways you'd expect. And in some of the ways you wouldn't. As long as your health and wellbeing come first - at home and at work.

In fact, most of what makes AMP such a welcoming, enjoyable place to work are our people. Wherever you go, you'll find moments to connect, feel valued and do meaningful work.

Whether it's through our first-class leaders who are invested in you and your success. Through year-round opportunities to volunteer, fundraise and give back to the community. Or in the everyday challenges you face as we work together to strengthen this great organisation. Challenges that will stretch you, amplify your potential and compound the impact you have.

We believe in the power of inclusion and diversity.

We're dedicated to fostering inclusion, diversity, and a warm feeling of belonging at AMP. It sparks creativity, ignites innovation, and turns up the dial on the quality of our decisions and performance. This not only makes our workplace more engaged, but also leads to better connections with our customers.

We're your allies in the search for the perfect fit - when you apply, let us know how we can support you to put your best self forward during our selection process.

We're also committed to enhancing employment opportunities for Aboriginal and Torres Strait Islander people, so we enthusiastically encourage candidates from these backgrounds to apply and explore our Reconciliation Plan on our website here

Ready to create your tomorrow?

If you're someone who sees opportunity where others see challenge, come and work with us in smart, progressive ways as we transform an iconic Australian brand for the future. And, through a series of career-defining moments, create your own tomorrow.

Don't procrastinate! We review applications when we get them, and if we discover the ideal candidate, we may close the role earlier than the advertised close date.

Looking forward to meeting you.