Project Risk Manager

More flexibility, less one-size-fits-all

Opportunity for an experienced Project Risk Manager to support the work of two of the Reserve Bank’s (RBA’s) key projects: the 65 Martin Place (65MP) Upgrade Project and the Payments Operations Program. These projects are responsible for delivering major construction works to upgrade the RBA's Head Office building in the Sydney CBD, and an uplift in the systems and operational protocols supporting the RBA’s key settlement system (RITS). RITS is Australia's real-time gross settlement system, which moves around $280 billion dollars between financial institutions each day and ultimately settles all non-cash payments in Australia.

This role will work closely with senior project staff, and key stakeholders, to effectively identify and manage risk which might impact the success of these projects.  The successful applicant will have expertise in project risk management - preferably within the fields of either building construction or IT and operational projects. The role will also liaise closely with the Bank’s Risk and Compliance Department which supports the consistent and effective application of the Bank’s risk management framework, both at the enterprise level and for individual business units across the Bank.

The 65MP project is within the RBA’s Workplace Department which manages the RBA’s property, workspace and physical security needs. The Payments Operations Program works with Payments Settlements Department and Information Technology Department which manage the daily operations of RITS.

Key Responsibilities:

• Support the identification and effective management of risk throughout the project lifecycle, be responsible for providing specialised advice on matters of risk and verification to assist stakeholders with the appropriate identification, documentation, logging, monitoring/tracking, and reporting of delivery and delivered risks, in line with the procedures described in the RBA’s Risk and Compliance Management Framework.

• Work with the projects’ Project Management Offices to ensure all relevant risks and mitigation actions for delivery and delivered risks are included in Steering Committee and other status reports, ensuring comprehensive and accurate risk communication by producing forward looking, timely risk reporting, and standardising risk documentation processes.

• Support the projects’ executive leadership in fostering a risk conscious atmosphere among project teams, motivating individuals to embrace a constructive and forward-thinking approach to risk management.

• Facilitate workshops to identify risks and contribute to a culture of risk awareness and proactive management, manage risk registers, oversee mitigation actions and periodic reviews with the project managers.

• Working with the Project Directors, you will provide governance support for regular reporting to various forums and identify and develop visual reports to enable effective management decision making and oversight.

As a Project Risk Manager, you must demonstrate significant knowledge and experience in:

• Advanced knowledge of business risk and experience developing and implementing risk management plan and procedures on a large-scale project.

• We are looking for someone who has extensive experience in the management of project risks and reporting, 10 years +

• Ability to work with senior stakeholders to enhance risk capability within the organisation

• Demonstrated ability to produce visual and insightful risk reports for effective decision making and management oversight

• Experience of operating within a three lines of accountability model to support effective challenge and transparency

• Proven experience building and maintaining stakeholder relationships at a senior level

• Relevant tertiary qualifications into business, construction and/ or technology risk

Your team

Your role will formally report to the Project Director, 65MP Project and you will be an important part of both the 65MP and Payments Operations Project management teams. Your role will also work closely with other staff in both projects.

Be More
Working for an organisation that truly makes a difference to the people of Australia, we can offer development and career opportunities in a collaborative environment that supports your growth, wellbeing and promotes flexibility. Your individual growth and success drives the RBA forward as an organisation. Be more means you can do more, for yourself and for Australia.
Why RBA?
The RBA makes an important contribution to the Australian economy through the pursuit of national economic policy objectives and associated activities in financial markets and banking. We also issue Australia's banknotes and operate infrastructure critical to the payments system, all of which contribute to the welfare of the Australian people. Made up of specialists across a wide range of fields, our people, values, and culture play a critical role in achieving our objectives. Striving to be Open & Dynamic, we consider and incorporate different perspectives, work across teams and are transparent with each other, whilst delivering quality together effectively and focusing on outcomes by prioritising, testing, learning, and refining as we go. Our people conduct themselves with a high degree of integrity, while striving for excellence in the work they perform and the outcomes they achieve. We encourage intelligent inquiry and we treat one another with respect while promoting the public interest through our efforts. We know it is the growth and success of our people that drives the RBA forward. Come and make a bigger contribution while you build and develop your own skills too, because being more means you can do more, for yourself and for Australia.
The Reserve Bank of Australia is committed to equity, diversity and inclusion through key initiatives. We welcome and encourage applicants from diverse backgrounds to apply, including Aboriginal and Torres Strait Islander peoples, culturally and linguistically diverse background, those living with a disability and from the LGBTQ+ community. We are committed to making the recruitment process fair and equitable for all our candidates.

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