Risk and Compliance Officer - Workers Compensation | NSW - Sydney

Job reference number: ALL/EXT/1394158

When you work at Allianz, you're part of a strong global insurer, helping to protect over 3 million Australians. We value diverse thinking, so your ideas and innovative mindset will be warmly welcomed. You'll experience a friendly environment working with talented people, where you'll be included and have your capabilities recognised. And you'll be supported to reach your full potential and enjoy an enriching career.

Due to an internal transfer we are looking for a Risk and Compliance Officer (RCO) for one of our biggest divisions, Workers compensation.  Reporting into the Executive General Manager (CGM) Workers Compensation this role leads the Division's risk management and compliance strategy.

Acting as an independent advisor to the Executive General Manager and other key executives, the RCO provides guidance to Management on design and implementation of risk controls, and conducts assurance activity in alignment with Line 2 and Line 3 oversight.  A trusted partner, the role requires the development and maintenance of strong relationships with stakeholders across the business to build engagement and understanding of risk as a key commercial strategy and driver of success.

You will be responsible for providing Risk, Compliance and Governance guidance and advice across the Division and for offices located in every Australian State and Territory (except Queensland nad South Australia).


  • Act as the key point of contact for  Level 1, Level 2 and Level 3 lines of defence
  • Providing support to Accountable Business Owners to proactively investigate and resolve incidents or control failures
  • Reviewing business and technology change, and advising management on risk and control implications
  • Overseeing effectiveness of risk, control and compliance management practice
  • Developing and implementing strategies for continuous improvement
  • Reviewing Gifts and Entertainment Register, Incidents and Complaints registers and providing reports and other information to CGM and Leadership team to enable them to direct actions as required
  • Interpreting AAL requirements to ensure close alignment on management action
  • Conducting regular risk-based compliance monitoring and assurance activities
  • Documenting and disseminating relevant policy and procedures to promote compliance and governance
  • Providing management with advice and guidance in regards to operating within Risk Appetite

To be successful in this role you will demonstrate the following: 

  • 10 -12 years financial services experience, with deep understanding of Compliance and Risk Management requirements
  • Tertiary qualification in business / commerce or equivalent
  • Exceptional analytical skills, including for operational, commercial, reputational and legal risk
  • Investigation acumen, to analyse near-misses, incidents and breaches
  • Strong communication and stakeholder engagement skills, to executive level
  • An ability to foster buy-in and manage strategy through influence
  • Expertise in developing and managing robust and scalable processes and policies
  • Excellent written and verbal communication skills

This role will be key in delivering our 2020 strategic objective to manage the Workers Compensation needs of our customers, irrespective of the channel.

At Allianz we value high performance. We recognise the contribution of our ‎employees ‎and reward our employees with a dedicated range of attractive benefits. ‎ 

If you are looking to develop your career, take on new challenges and gain valuable experience with a strong global business, apply now and see where your career with Allianz can take you! 

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