Operational Risk & Compliance Specialist (2nd Line)

What will your day look like?

 

As Senior Manager, Group Insurance, you will:

 

• Assist in the placement, renewal, and ongoing maintenance of ANZ’s global insurance program, including multinational policies.
• Ensure the bank achieves cost‑effective, fit‑for‑purpose coverage by continuously optimising policy structures in line with evolving business needs, emerging risks, and global market conditions.
• Maintain the sound governance of all ANZ insurance arrangements by ensuring strict compliance with internal policies, ANZ risk frameworks, and relevant regulatory requirements.
• Deliver measurable financial, operational, and strategic benefits by effectively engaging ANZ’s global insurance suppliers including brokers, external insurers, and ANZ’s captive insurance company, to secure superior risk transfer outcomes.
• Lead the coordination and management of ANZ’s insurance claims, working closely with internal stakeholders, external lawyers, and insurers. Ensure claims are prepared, lodged, and negotiated effectively to maximise recoveries and minimise financial impact to the bank.
• Represent ANZ to the global insurance market through positive, proactive engagement with corporate insurers. Present ANZ’s risk profile, controls, and strategic direction in a way that differentiates the bank as a high‑quality, well‑managed risk, strengthening its standing as an insurer’s partner of choice.
• Support the management and oversight of ANZ’s captive insurance company by coordinating Board submissions, driving strategic initiatives, and ensuring the captive manager meets all compliance, operational, and financial obligations.
• Provide insurance advice to senior management, business units, and global territories, ensuring decisions are informed by robust risk and insurance insights. Contribute thought leadership and strategic planning to help shape the bank’s broader risk‑transfer strategy and guide business initiatives.
• Deliver specialist insurance expertise across the Group in relation to new and existing contracts, M&A activity, investment opportunities, and other growth initiatives.