Policy Director (Economic policy team - Prudential)
Policy Director (Economic policy team - Prudential)
4 days ago Be among the first 25 applicants
The Australian Banking Association (ABA) supports the ABA Council to lead a strong and trusted Australian banking industry by protecting and advancing the interests of the industry as a whole, to achieve a competitive banking system and to promote good customer outcomes.
The Policy Director is part of an integrated and flexible team of Policy Directors and AssociateDirectors and reports to the Head of Economic Policy. Aligned with the banking industry’s strategic priorities, the Policy Director manages policy portfolio areas primarily related to prudential regulation, leads responses to Government reforms (including policy formulation and advocacy), and designs industry led policy and reform initiatives. The role leads engagement with member banks and key external stakeholders, including regulators, on policy development and advocacy, and partners with ABA Corporate Affairs on government relations, media, and communications.
The Policy Director provides policy leadership, technical advice and industry insights, and applies expertise in issues management.
* Deliver on the ABA’s strategic plan and policy action plans to demonstrate the role of Australian banks in serving customers and the community, supporting the economy, shaping the future of banking, and strengthening trust through delivering good customer outcomes (ABA strategic priorities).
* Build and maintain trusted relationships with member banks, particularly liaising with technical, legal and regulatory, and business teams in member banks, and take leadership positions on policy issues.
* Build and maintain influential relationships with external stakeholders, including consumer and business advocates, regulators and Government departments.
* Working with ABA Corporate Affairs, contribute to Government Affairs, media and communications plans, and attend external meetings and industry events.
* Working with member banks and stakeholders, develop policy and advocacy positions in response to government led reforms, and design industry led policy and reform initiatives, including industry standards and guidelines.
* Proactively manage policy issues, provide expert problem solving, judgement and execution when faced with complex and urgent issues.
* Provide intelligence trends and insights, identify leading risk indicators and emerging risks and issues.
Key relationships
* Head of Economic Policy
* Chief of Policy
* ABA team
* Member bank representatives, including legal, regulatory and government affairs, and business representatives
* Government departments and regulators
* Key stakeholders within relevant representative bodies, including consumer and business groups and peer industry bodies.
Key accountabilities
* Design and implement industry led initiatives to build reputation and address concerns with bank standards and practices.
* Proactively advocate for appropriate prudential policies with key regulatory and policy stakeholders through targeted and consistent influencing activities.
* Identify and escalate opportunities and risks associated with the policy portfolio accountabilities, evaluate future opportunities and risks, contribute to prioritisation of industry actions, and present insights to the ABA teams and members.
* Contribute to campaigns, communications, and media to raise awareness of industry commitments and initiatives.
2 Issues management
* Working with member banks and stakeholders, proactively manage industry issues, applying expert problem solving and judgement in addressing complex issues and communicating and escalating risks and issues to the ABA team.
* Develop industry positions on prudential policy matters and advocating those positions with government and regulatory bodies and external stakeholders.
* Manage input from member banks through facilitating standing committees and technical working groups and 1:1 interactions.
* Prepare submissions to respond to consultations, reviews and inquiries into banking.
* Design industry standards and guidelines to promote best practices.
* Work with key stakeholders and other industry associations to build consensus positions and promote industry positions within reform agendas.
* Provide input and support into other ABA projects.
* Partner with ABA Corporate Affairs, including campaigns, communications, and media and contributing to the members’ newsletter.
* Establish and foster collaborative relationships between the ABA and member banks and other stakeholders.
* Build and maintain a cooperative relationship with relevant government and regulatory bodies and other relevant representative bodies.
* Working with ABA Corporate Affairs, contribute to Government Affairs, media and communications plans, and attend external meetings and industry events.
4. Working with teams
* Work collaboratively with other Policy Directors and Associate Directors to manage resources, leverage areas of expertise, and deliver high quality outcomes.
* Work collaboratively with all ABA teams to integrate policy, research and communications functions and contribute to the broader success of the ABA.
* Always demonstrate team behaviours consistent with the ABA’s Values.
Knowledge and experience required
* Experienced policy, economics, legal, risk or banking operations professional with 5-10 years’ experience in financial services, ideally banking, and prudential regulation
* Subject matter experience in banking risk management practices
* Prudential risk management experience highly desirable
* Credit risk management, housing, and competition policy knowledge highly desirable
* Extensive knowledge and experience of political and regulatory processes, media and communications and banking and financial services industry
* Experience in an area related to regulatory change, legal and compliance is desirable
* Proven stakeholder management at senior executive level with a broad range of stakeholders within corporate, political, regulatory, community and media sectors
* Demonstrated ability to work collaboratively with teams.
* Economics or policy background highly desirable
* Strategic thinking and focused on outcomes
* Proven ability to network and influence key stakeholders
* Excellent communication skills, written and verbal, and negotiation skills
* Strong technical, legal and regulatory expertise
* Highly organised and demonstrated ability to manage projects and prioritise, deliver to deadlines and work with minimal supervision
* Strong attention to detail, analytical and problem-solving skills
* High quality results, proactive, accountable and professional execution
* Works constructively with teams and acts with high integrity.
Key performance indicators
Assessment of the performance of the individual in the role and the team is done in accordance with the ABA’s Performance Management Policy. Individual Key Performance Indicators (KPIs) are agreed and documented at the start of the performance cycle in a Performance Agreement.
Assessment is based on:
* Head of Economic Policy assessment of project management outcomes, planning, process insights, and production of high-quality reports.
* Member bank feedback on management of work program and generally as attained through the annual member survey.
* Consumer research results and key stakeholder feedback.
* Demonstration of behaviours consistent with the ABA’s Values.
Seniority level
* Seniority level
Director
Employment type
* Employment type
Full-time
Job function
* Job function
Other
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