Senior Manager - Risk Advisory

Job Requisition Number: 14004

Date: 31 Mar 2026

Location:

DOCKLANDS, VIC, AU, 3008

You’re only human. 

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.

Senior Manager – Risk Advisory

This role plays a critical part in uplifting and embedding Medibank’s enterprise wide risk management practices to support strong decision making and sustainable outcomes.

Reporting to the Squad Lead – Risk and Compliance Frameworks and Policies, you will act as a senior subject matter expert, providing thought leadership across enterprise risk management. Working closely with senior leaders, you will design, modernise and embed Medibank’s core risk frameworks, policies and standards in line with regulatory expectations and strategic priorities.

This role offers the opportunity to apply deep enterprise risk expertise, structured problem solving and stakeholder influence to strengthen risk capability and uplift risk culture across the organisation.

How you will create value

In this broad and dynamic role, you will add value by:

Leading the design, maintenance and continuous improvement of enterprise wide risk management frameworks and policies, including the Risk Management Framework, Risk Appetite Statement and Operational Risk Management Framework.

Ensuring alignment with APRA expectations, better practice and Medibank’s strategic objectives.

Delivering risk uplift initiatives and implementing changes arising from regulatory reforms, APRA reviews, CPS 220 / CPS 230 expectations and assurance outcomes.

Providing proactive, commercially grounded risk and compliance advice on strategic initiatives, regulatory developments and business change.

Facilitating structured risk maturity assessments and providing actionable insights to drive continuous improvement.

Contributing as a senior leader within the Risk and Compliance community, supporting cultural and behavioural change initiatives.

About you

The ideal candidate will have a minimum of 8-10 years' experience in the Risk and Compliance profession, with a solid understanding of risk management, compliance disciplines, and the regulatory environment in which Medibank operates.

You’ll have relevant qualification/accreditation in Commerce, Law and/or Technology and have in-depth technical knowledge and understanding of the Financial Services and/or Private Health sector regulatory framework including APRA, and requirements in relation to Risk and Compliance Management

Excellent written and verbal communication skills are essential, along with the proven ability to work collaboratively in a team, contribute proactively to continuous improvement, and manage relationships with stakeholders. The candidate should also have the ability to influence and negotiate change within a large organisation, build strong, open relationships, and manage competing priorities in a professional and risk-based manner. Your credibility, judgement and advisory capability will be essential to success in this role.

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 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 https://careers.medibank.com.au/culture/rewards-benefits/

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 peoples, neurodivergent candidates, LGBTQIA+ community including transgender and gender diverse candidates and candidates with a disability.

If you need adjustments or alternative formats at any stage of the recruitment or employment journey, we’re here to help. You can let us know directly in the application form, or if you’d prefer to discuss before applying, please reach out to us careers@medibank.com.au or (03) 8622 5666. Learn more about our commitments and employee stories at https://careers.medibank.com.au/diversity-inclusion/(please copy and paste the URL onto your browser)