Job Title

Catholic Development Fund (CDF) isa values-based financial institution that provides funding and financial services across its footprint of Catholic organisations, including parishes, primary and secondary schools, healthcare, aged care, and social services providers. Our work enables real impact: from hospital wings for the sick, safe havens for the homeless, and classrooms for the young we support our customers to grow their mission. Through our expertise and commitment, we help Catholic organisations put their faith into action and contribute to a fairer, more cohesive society. Position Purpose Reporting directly to the Chief Executive Officer (CEO), the Chief Risk Officer (CRO) is accountable for establishing and maintaining a comprehensive enterprise risk management framework across the Catholic Development Fund group, including the CDF, Community Fund and AFSL entities (collectively the CDF). This position is responsible for the identification, assessment, monitoring and mitigation of all material risks facing CDF, including credit risk, market risk, liquidity risk, operational risk, compliance risk, outsourcing risk, strategic risk, change risk and reputational risk. The CRO ensures CDF operates within its relevant risk appetites as established by the Boards (including Advisory Boards and Committees) and maintains compliance with all APRA, ACNC, OAIC, ASIC, ATO exemptions, prudential standards, practice guides and other regulatory requirements and expectations. As a member of the Executive Leadership Team, the CRO provides independent oversight and challenge across the CDF organisation, fostering a strong risk culture as well as operational resilience and ensuring risk and compliance considerations are embedded in strategic decisionmaking and business operations. The CRO serves as CDF''s primary interface with regulators on risk and compliance matters and has adoptedreporting line directly to the Audit & Risk Management Committee Chair. Position Responsibilities Develop, implement and maintain CDF''s Enterprise Risk Management Framework (ERMF) in accordance with APRA CPS 220 and other applicable prudential and regulatory standards Develop, implement and maintain the Risk systems and technology solutions supporting the ERMF Manage the Three Lines of Defence model, ensuring clear delineation of risk management responsibilities, including the distinct interests and perspectives of the various CDF component entities Identify, assess and monitor all material risks across the organisation, maintaining the enterprise risk register(s) Define and monitor risk appetite statements, limits and key risk indicators (KRIs) as approved by the Boards of the relevant entities Provide independent risk oversight and challenge to first line business units Prepare comprehensive risk reports for the CEO, Audit & Risk Committee and Boards Oversee the credit risk framework including lending policies, credit assessment methodologies and portfolio management Monitor credit portfolio quality, concentration risks and emerging trends Establish and monitor credit risk appetite metrics including portfolio limits, concentration limits and credit quality standards Review and provide independent assessment of significant lending proposals Manage the provisioning methodology and ensure adequacy of credit loss provisions Market and Liquidity Risk Management Develop and maintain market risk and liquidity risk management frameworks Oversee liquidity stress testing and contingency funding planning Establish and monitor Asset and Liability Management (ALM) framework Provide independent oversight of treasury operations and investment decisions Establish and maintain operational risk management framework including risk and control selfassessment (RCSA) processes Monitor operational risk events, near misses and key control effectiveness Monitor outsourcing risk frameworks, implementation, operation and issues (including as relevant for related parties) Oversee business continuity planning and crisis management capabilities Coordinate operational resilience testing and improvement initiatives Manage CDF''s insurance program including coverage assessment and claims management Compliance and Regulatory Risk Establish and maintain compliance management framework covering all regulatory obligations Monitor compliance with APRA prudential standards, AntiMoney Laundering/CounterTerrorism Financing (AML/CTF) obligations, conflict of interest obligations (including related party transactions), privacy requirements and other applicable legislation Serve as CDF''s primary contact with APRA, ASIC, ACNC and other regulatory bodies Manage regulatory reporting obligations and coordinate regulatory examinations Oversee the compliance monitoring and testing program Maintain awareness of regulatory developments and assess impact on CDF Cyber Security, AI and Information Security Oversee CDF''s information security, AI and cyber security frameworks (second line oversight) Monitor cyber security, AI and data risks and control effectiveness Ensure compliance with APRA CPS 234 and CPG 235 Information, Data and Cyber related security requirements Review and challenge cyber, AI and data security strategies, policies and incident response capabilities Monitor thirdparty technology and security risks Internal Audit Coordination Coordinate with internal audit to ensure comprehensive risk coverage Monitor management responses to audit findings and track remediation progress Ensure internal audit has appropriate access to risk information and assessments Risk Culture and Capability Development Foster a strong risk awareness culture across CDF Develop and deliver risk management training and capability building programs Provide risk management guidance and support to business units Champion continuous improvement in risk management practices Board and Committee Support Prepare and present risk reports to Audit & Risk Committee and Board Support Board and Committee risk education and development Provide risk input to strategic planning and major initiatives Leadership and Team Management Lead, mentor and develop the risk management, compliance governance and legal team Manage resource allocation, performance evaluation and capability development Build an effective, independent and respected risk, compliance, governance and legal function Collaborate effectively with other executives and business leaders Position Requirements Strategic Thinking: Understanding the broader financial services landscape, regulatory environment and emerging risks. Translating complex risk and compliance concepts into practical frameworks and actionable insights for leadership and the Boards. Risk Leadership: Establishing credibility and influence across the organisation without direct authority. Providing effective challenge to business decisions while maintaining constructive relationships. Leading by example in demonstrating risk and compliance awareness and ethical behaviour. Regulatory Acumen: Deep understanding of APRA prudential standards and the regulatory framework for Authorised Deposittaking Institutions (ADIs). Ability to interpret regulatory requirements and implement practical, effective compliance approaches (including in respect of ASIC, ACNC, ATO, AUSTRAC, OAIC). Analytical Rigor: Strong quantitative and qualitative analytical skills to assess complex risks. Ability to synthesise information from multiple sources, identify patterns and trends, and make sound risk judgements. Communication Excellence: Articulating complex risk issues clearly to diverse audiences including Board, Executive, regulators and staff. Strong written communication skills for policies, reports and regulatory submissions. Stakeholder Management: Building effective relationships with internal and external stakeholders including Board members, executives, APRA, auditors and business leaders. Managing competing priorities and navigating organisational dynamics. Independence and Integrity: Maintaining objectivity. Demonstrating high ethical standards and sound professional judgement. Standing firm on material risk issues while remaining pragmatic on implementation approaches. View the full Position Description for more information and to apply today: www.melbournecatholic.org/job-vacancies/chief-risk-officer #J-18808-Ljbffr