Risk Specialist, Climate Risk

The role

The Risk Specialist in the Climate Risk team will lead and support in the development of climate risk insights relating to entity exposure to, and management of, climate-related financial risks. Activities span data-led risk monitoring, stress testing, deep-dive analytics and targeted support to supervisors across APRA-regulated industries. You will also support the Climate Risk team's broader domestic and international engagement activities, providing insights and strategic input to climate-specific initiatives.

The team

The Climate Risk team is part of APRA's System Risk branch in the Cross-industry Risk Division (CRD). CRD provides cross-industry data and insights, specialist advice and forward-looking analysis to strengthen supervisory judgement, policy development and strategic decision-making.

The Climate Risk team is APRA's centre of excellence for climate risk initiatives, supervision support, leadership and engagement on climate risk issues. The team delivers influential industry initiatives, supports the supervision of climate risk, and engages with a wide range of domestic and international stakeholders on the evolution of climate risk understanding in the financial sector. It also engages on related emerging risk areas such as nature risk.

Key responsibilities

• Support and/or lead project delivery, stakeholder management and technical analysis for various workstreams;
• Contribute to and/or lead capability-building across APRA by actively sharing knowledge, training and mentoring others. Collaborate internally and externally to achieve broader APRA or industry outcomes;
• Respond to organisational requests for support, such as contributing to speeches and briefings;
• Lead and/or contribute to engagements with domestic and international stakeholders on climate risk issues;
• Provide specialist technical advice on climate risk, and related topics such as nature risk;
• Contribute to the appropriate integration of policy developments (e.g. ISSB, Basel Core Principles, Sustainable Finance Strategy, Sustainable Finance Taxonomy, etc.) into APRA's ongoing engagement on climate risk;
• Actively contribute in cross-agency regulatory engagement (e.g., the Council of Financial Regulators Regulatory Climate Forum) and international processes (e.g., the Network for Greening the Financial System, International Association of Insurance Supervisors);
• Contribute to thinking on complex and ambiguous challenges impacting entity understanding of climate risk; and
• Collaborate within a team of professionals to deliver high-quality outcomes, modelling inclusive leadership behaviours and instilling an open culture where divergent views are shared and respected.

About you

• Knowledge and understanding of climate risk, or a strong willingness to rapidly upskill in climate risk;
• Demonstrated ability to identify strategic issues and develop and implement appropriate solutions;
• An ability to exercise sound judgment and problem-solve;
• Ability to establish and maintain collaborative working relationships with peers, team members and external stakeholders in a professional team environment;
• Excellent organisational, communication, presentation, prioritisation and analytical skills;
• A positive mindset, a willingness to offer new ideas and a fresh perspective;
• Comfort with analytical and strategic development in the absence of perfect information;
• Strong personal integrity and an intuitive understanding of what is reasonable and prudent business practice;
• Professional qualifications in relevant field or equivalent experience, such as undergraduate or higher qualifications in a quantitative, business strategy or finance-related discipline, with application to climate risk (essential); and
• Prior experience in insurance, investment or banking risk, or the supervision of financial entities (beneficial but not essential).

To work with us, you need to be an Australian citizen with eligibility to obtain and maintain Australian Government Security clearance.

About APRA

The Australian Prudential Regulation Authority (APRA) places you at the heart of Australia's financial services industry. APRA serves the Australian community by helping ensure financial institutions deliver on the financial commitments they make, within a stable, efficient and competitive financial system.

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. When applying, please inform us of any adjustments you may need during the interview process.