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Principal Analyst Banking

Employer
APRA
Location
Sydney, Australia
Salary
Competitive
Closing date
Feb 6, 2025
View more categoriesView less categories
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
The role

Conduct complex high-quality risk identification and assessment as well as supervisory responses in respect of a large and complex bank or a defined group of banks to achieve the government's and APRA's objective of providing a prudentially sound financial system.

The team

The General Insurance and Banking Division is responsible for the supervision of all authorised general insurers and banks. It supports APRA's core function through prudential supervision and risk assessment activities to support the government's and APRA's objective of maintaining a prudentially sound financial system.

Key responsibilities
  • Identifying risks and critical developments that are likely to lead to serious problems for supervised organisations and raising and responding to these as issues/concerns before they manifest;
  • Maintaining an up to date and relevant knowledge of market issues that may impact on supervised organisations and may influence the depth of analysis of supervised organisations;
  • Maintaining, and promoting within own team the development of, a range of financial analysis and other supervisory skills to support high-quality analysis and risk assessment of supervised organisations;
  • Adapting the style and process of supervision depending on the supervised organisation's type, size, complexity, functions and risk and being flexible to deal with the difference in approach required; and
  • Assessing the quality of the supervised organisation's management, strategies, practices and systems and influence change.

About you
  • Substantial skills and proven capacity to manage the development and implementation of prudential regulation strategies, programs and initiatives;
  • Up to date with financial market trends and the legislative environment;
  • Good judgement, practices, and situations to identify and respond to actual or potential problems in supervised organisations;
  • Ability to engage with senior executives in institutions to discuss industry and regulatory issues;
  • Excellent organisational, self and priority management skills and experience managing small teams;
  • Strong financial analysis, investigative and research skills;
  • Well-developed verbal and written communication, negotiation, conflict resolution and interpersonal skills;
  • Knowledge of relevant legislation; and
  • Tertiary qualifications in a relevant discipline

To work with us, you need to be an Australian citizen with eligibility to gain a Baseline Security clearance.

About APRA

Australian Prudential Regulation Authority (APRA) was established in 1998 as an independent statutory authority that supervises almost 1,200 financial institutions that manage $8.6 trillion in assets for Australians across the banking, insurance and superannuation sectors.

In overseeing the safety, competitiveness and stability of the financial system, we seek to recruit, develop and retain highly skilled professionals, who want to help shape financial services and protect the financial wellbeing of the Australian community. Our employee base of almost 900 come predominantly from the commercial financial services industry or other government agencies; as such, we have the feel of a small corporate organisation that can work flexibly and with agility.

Why Work for APRA

We recognise the skills, experience and commitment that our staff bring to their professional lives, and we seek to reward them accordingly. We also recognise that for our staff to be able to perform at their best, we need to ensure that they are able to bring their best selves to work. Our commitment to wellbeing is having engaged people supported by resilient leaders within a values-aligned culture.

At APRA, we're committed to providing an inclusive workplace where everyone belongs, feels valued and respected. We aspire to attract and foster diversity of background, thought, and experience, recognising that a broad range of perspectives, approaches and ideas makes us stronger, and better enables us to meet our obligation to protect the financial wellbeing of the Australian community. If you need any adjustments during the recruitment process, please inform at application stage so we can do our best to accommodate your requirements.

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