Head of Financial Risk, GRC

Select how often (in days) to receive an alert: It’s a strange thing to say, because us humans are capable of incredible things. And at Medibank, we know our greatest potential lies in the people who work with us. We strive to make real, fundamental change, driven by a simple purpose: to create the best health and wellbeing for all of Australia. Help shape the future of financial risk at Medibank. At Medibank, we’re committed to better health for better lives. As a Squad Lead – Financial Risk, GRC and Reporting, you’ll play a pivotal role in strengthening our financial risk management capabilities and driving a culture of accountability, innovation, and compliance. About the Role You’ll lead the oversight of financial and strategic risk, ensuring compliance with APRA standards and delivering high-quality insights to senior leaders. You’ll manage the Governance, Risk & Compliance (GRC) system, oversee capital adequacy, investment, and liquidity risks, and support ICAAP and stress testing processes. This role also involves validating financial models, enhancing enterprise-wide risk reporting, and driving a strong risk culture. As a key leader within the Enterprise Risk Management hub, you’ll foster a high-performing team and contribute to strategic and cultural transformation across the Risk & Compliance function. What You’ll Be Doing In this role, you’ll lead Medibank’s financial and strategic risk oversight, ensuring alignment with APRA standards and delivering high-quality insights to senior leaders. You’ll provide expert advice on emerging risks, regulatory changes, and new business initiatives, while also validating financial and actuarial models to ensure robust governance. You’ll oversee capital adequacy, investment, and liquidity risks, supporting ICAAP processes and conducting stress testing to assess resilience. As the owner of the Governance, Risk & Compliance (GRC) system, you’ll manage system configuration, vendor relationships, and reporting to enhance enterprise-wide risk visibility. You’ll also play a key leadership role‑driving cultural change, building a high-performing team, and contributing to strategic initiatives across the Risk & Compliance function. About You You’re a strategic thinker with deep expertise in financial risk, regulatory compliance, and risk systems. You bring: Proven experience in financial risk management, ideally within regulated industries. Strong understanding of APRA standards. Experience managing GRC systems and leading cross‑functional risk initiatives. Exceptional stakeholder engagement and leadership skills. A passion for building capability, driving innovation, and influencing cultural change. Why Join Us? At Medibank, we value diversity, flexibility, and purpose‑driven work. You’ll be part of a collaborative team that’s shaping the future of health and risk management in Australia. We offer: Hybrid working arrangements Career development and leadership opportunities A supportive, inclusive culture that celebrates your contribution Imagine working with us We understand that work means different things to everyone... We know happy, healthy people make great teams, and great teams put more heart into each customer and patient interaction. And that’s why we’re reinventing work. Imagine a workplace where work didn't feel like work. A workplace where you could shape when and where you work to have more impact. Where flexible working isn’t a buzzword, it’s a reality. Imagine a workplace that helps you and your family thrive. Where connection, personal development and health and wellbeing are front of mind. To learn more about our benefits go to For you, work should help you Live Better. It should bring you fulfillment and joy. And with Medibank, it could. Inclusion and Accessibility We believe in everyone's potential and strive to make Medibank inclusive for all because different perspectives make us better. We encourage applications from everyone, including Aboriginal and Torres Strait Islander candidates, those with disabilities, and LGBTQIA+ community including transgender and gender diverse applicants. For any adjustments or alternative formats during the recruitment process, please contact us at To learn about our commitments and employee experiences, go to Copyright @2024 Medibank Private Limited. All rights reserved. ABN . #J-18808-Ljbffr