Risk and Compliance Business Partner - Investment Operations

As a Risk and Compliance Business Partner at Netwealth, your key responsibilities include providing expert advice and oversight on risk and compliance matters related to Investment Operations. You will assess and oversee risk activities, manage compliance issues, monitor performance, and collaborate with various stakeholders to enhance our frameworks and policies. Your role is pivotal in ensuring adherence to regulatory standards while helping the team adapt to evolving market conditions.

To excel as a Risk and Compliance Business Partner at Netwealth, you should have 5-7 years of experience in the banking or financial services sectors, particularly in areas related to managed investments or superannuation products. A strong understanding of relevant financial laws and compliance expectations from regulators like ASIC, APRA, and OAIC is essential. Additionally, your ability to analyze data and communicate effectively will be important in this role.

Netwealth is deeply committed to the professional growth of employees, including Risk and Compliance Business Partners. We provide access to further education and diverse training opportunities, which are essential for developing your skills. Furthermore, with 32% of jobs filled internally in 2023, we encourage career advancement and internal mobility within our organization.

The work environment for a Risk and Compliance Business Partner at Netwealth is dynamic, flexible, and collaborative. We have a hybrid working policy that allows for a balance between home and office work, with an expectation of spending four days a fortnight in our modern Melbourne CBD office. We value a supportive culture where employees are encouraged to bring their authentic selves to work, contributing to a positive atmosphere.

At Netwealth, we offer a comprehensive range of benefits for the Risk and Compliance Business Partner role, designed with a focus on health, well-being, and professional growth. Benefits include family-friendly workplace policies, wellness perks like discounted gym memberships and flu shots, opportunities to participate in social events, and support for community involvement. We also promote inclusivity through Employee Resource Groups aimed at various communities.

When answering this question, provide a specific example that highlights your analytical skills and understanding of risk management. Explain the situation clearly, the steps you took to assess the risk, and how you communicated this to relevant stakeholders, ultimately leading to a positive resolution.

To effectively answer this, describe the methods you use to stay informed, such as subscribing to industry publications, attending webinars or professional development courses, and networking with compliance professionals. This demonstrates your proactivity in maintaining your knowledge in a constantly evolving field.

Highlight your interpersonal skills and how you tailor your communication style to suit different audiences. Mention specific strategies like regular updates, collaborative meetings, and using simple language to explain complex compliance matters, showcasing your ability to build rapport and maintain transparency.

Outline a structured approach: beginning with research on relevant regulations, assessing potential risks, collaborating with departments for insights, and drafting a framework that includes clear policies and procedures. Emphasize the importance of ongoing assessments and iterations based on regulatory changes.

Explain your analytical process by discussing tools you use for data analysis, such as Excel or compliance software. Share how you identify trends, draw insights, and how these inform decision-making or risk mitigation strategies, showcasing your analytical mindset and its business implications.

Illustrate your organizational skills and ability to prioritize tasks effectively. Share an example where you had to manage multiple projects or compliance tasks, detailing how you balanced your workload while ensuring compliance standards were maintained.

Reflect on challenges such as rapidly changing regulations, the complexity of investment products, or managing stakeholder expectations. Discuss how acknowledging these challenges has shaped your approach to compliance, reinforcing your awareness and adaptability in the role.

Share a specific narrative that illustrates your problem-solving skills. Describe the context, the actions you took to resolve the compliance issue, and the outcome, emphasizing your proactive approach and the lessons learned from the experience.

Discuss techniques you use to anticipate risk before it materializes, such as regular risk assessments, stakeholder engagement, and ensuring open lines of communication, highlighting your commitment to not just meeting compliance but fostering a culture of proactive risk management.

Emphasize the importance of using technology to track compliance metrics and manage risks effectively. Mention specific software or tools you have used in the past and how they have improved efficiency and accuracy in compliance processes within the investment operations realm.