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Prudential Risk & Governance Manager

Melbourne, Australia

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Posted 28/03/2025 Job Number 48414 Work type Permanent - Full Time Posting End Date 14/04/2025

At Bupa, our purpose is to help people live longer, healthier, happier lives and making a better world. This is at the core of who we are, making us a healthcare provider that strives to deliver meaningful change. 

The opportunity 

We have an opening for a Prudential Risk and Governance Manager to join Bupa’s Risk & Compliance division. Reporting to the Head of Prudential Risk & Governance, you will support in developing, implementing and maintaining prudential and regulatory compliance processes and activities within the Bupa Health Insurance (HI) Business Unit.  

This is a full-time permanent position and may be based at our Adelaide, Brisbane, Melbourne or Sydney offices with flexible hybrid work arrangements available.

In this role, you will leverage your prudential and regulatory compliance expertise to ensure HI’s prudential and regulatory obligations are effectively documented, managed and reviewed while offering support with regulatory changes to meet both existing and new requirements under the relevant prudential standards. 

How will I help?

  • Work closely with the Head of Prudential Risk & Governance in meeting new and ongoing requirements under the relevant prudential standards such as CPS 220, CPS 190, CPS 900, CPS 511, CPS 230 etc. 
  • Provide support to the HI business to effectively manage prudential and regulatory changes including assessment of regulatory changes and providing input where changes to business processes or practices.
  • Develop, document and maintain compliance plans to ensure obligations across HI’s prudential and regulatory requirements are accurately identified and documented, as well as working with the HI business to ensure ownerships of obligations, mapping of controls and processes and facilitation of periodic compliance assessments. 
  • Support in the assessment, reporting and escalation of compliance breaches and incidents. 
  • Provide prudential and regulatory compliance knowledge / expertise to the HI business where required, such as business changes, new initiatives / projects etc. 
  • Support in the preparation and compilation of papers for various HI risk committee governance and reporting requirements.

What do I need? 

  • Previous experience working in compliance roles, suggest 3-5 years in large, matrix organisations.
  • Experience with prudential, regulatory and compliance for a financial services business (governance, compliance, risk, or legal experience).
  • Strong analytical, written and verbal skills to communicate risk concepts and deliver meaningful management information.
  • Proven track record of effective stakeholder management and driving outcomes. 
  • Proven ability to build a strong and trusting rapport with the business, facilitating two-way interaction in relation to risk, governance and compliance.
  •  Tertiary qualifications in Business, Risk Management or a related discipline.

Why work at Bupa? 

We keep our people smiling by helping them improve their lives in and outside of the office. We’re a welcoming lot, no matter who you are or where you’ve come from. We welcome all talents and backgrounds and embrace our differences, so you can bring your true self to work. We support our people to be the best version of themselves, physically and mentally. With a healthy work/life balance, leadership support, reduced private health cover, study leave, volunteering options and a commitment to promoting from within.  

Our employees can access wide range of benefits: from our own products (incl. health insurance subsidies) to many other products and services via our partnerships program (like Apple, Samsung, JB Hi-Fi, plus gym and spa discounts to name a few). We reward our people and celebrate their success, provide initiatives that develop careers and look after our people’s health, wellbeing, and futures. 

To learn more about working at Bupa please visit our website: www.bupa.com.au/careers

Bupa is an equal opportunity employer. We are committed to ensuring equality in recruitment, development, retention, and promotion of staff and that no-one is disadvantaged based on their gender, cultural background, disability, sexual orientation or identity, or Aboriginal and Torres Strait Islander heritage.  

We encourage people from all backgrounds to apply. If you require any adjustments to participate in our recruitment process, please let us know at the time of your application.

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