ASX: Powering Australias financial markets

Why join the ASX

When you join ASX youre joining a company with a strong purpose to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role youll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub.

Want to know why we are a great place to work click on the link to learn more.

are more than a securities exchange!

The ASX team brings together talented people from a diverse range of disciplines.

We run critical market infrastructure with 1 in 3 people employed within technology. Yet we have a unique complexity of roles across a range of disciplines such as operations program delivery financial products investor engagement risk and compliance.

Were proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture. Our employee-led networks champion LGBTIQ inclusion promote gender equality accessibility and wellbeing inspire giving and volunteering and celebrate cultural and religious events creating a sense of belonging for all. As an AWEI Bronze employer and member of the Champions of Change Coalition for gender equality were committed to a fair and inclusive workplace where everyone can thrive.

Own and evolve ASXs Default Management and Recovery framework to protect the resilience of ASXs Clearing Housessetting strategy governance and operating discipline to ensure the organisation is prepared to respond decisively to a clearing participant default. Partner with senior internal stakeholders and regulators to provide authoritative risk advice clear decision support and transparent reporting across default preparedness execution readiness and continuous improvement.

Your Team:

The Clearing Risk team is responsible for quantifying monitoring analysing mitigating and reporting the clearing risks that arise from ASXs Clearing Houses acting as CCPs to all novated transactions covering both cash equities and exchange traded derivatives ensuring they are undertaken in accordance with approved policies standards and procedures.

Your responsibilities:

As a people leader a core part of this role will be the responsibility to role model the ASX Leadership Principles. Including:

• Shape a dynamic future: Translate strategy into clear direction take an enterprise/system view integrate external insights and challenge the status quo to identify opportunities for innovation and value creation.

• Enable exceptional outcomes: Set clear priorities pursue goals with discipline and take ownership and accountability for delivery and overall performance.

• Empower talented people: Build and develop diverse capable teams through coaching and inclusivitycreating an environment that enables autonomy growth and psychological safety.

Role specific (strategic accountabilities):

• Be the subject-matter leader for Default Management and Recovery across ASXs financial market infrastructureproviding forward-looking risk insights high-quality analysis and executive-ready materials.

• Set the strategic direction and multi-year uplift roadmap for Default Management and Recovery ensuring alignment to ASX risk appetite CCP regulatory standards and evolving market structure.

• Design and lead the default readiness and testing program (fire drills/exercises) including scenarios success criteria lessons learned remediation tracking and reporting to senior forums.

• Represent Clearing Risk in engagements with regulators on Default Management and Recovery; prepare high-quality materials coordinate responses and ensure commitments are understood tracked and delivered.

• Own the design of default management strategies across clearing participant and product profiles (e.g. hedging auction design market close-out) providing clear options trade-offs and recommended actions to decision-makers.

• Establish and maintain fit-for-purpose governance documentation and tooling for Default Management and Recovery including ownership across teams control standards and a clear single source of truth for procedures and playbooks.

• Define and maintain the Default Management operating model (roles decision rights escalation paths Default Management Groups and execution playbooks) for relevant products.

• Maintain an enterprise-wide inventory of critical default tools and processes with clear owners minimum control requirements currency standards and testing cadence.

• Drive closure of issues identified through exercises incidents and reviewsprioritising remediation and evidencing outcomes through clear reporting.

• Provide high-quality support to the Default Management and Recovery Working Group (papers actions and decision capture).

• Provide enterprise risk leadership and technical guidance to Clearing Risk Operations and Legal on clearing risk policies and Default Management and Recovery arrangements escalating emerging issues and recommending pragmatic solutions.

Your experience and qualifications

Must have:

• At least 10 years experience in a financial institution or professional services firm (in one or more of the following areas: front office market risk or counterparty credit risk.)

• Extensive experience and knowledge in the following asset classes: Equities Interest Rates or Commodities.

• Broad understanding of market credit and liquidity risk management concepts and techniques.

• Excellent verbal and written communications skills

• Project and stakeholder management experience

• Knowledge of the Australian financial markets and banking regulatory environment

• Direct experience of presentations on technical matters to non-technical audiences.

• Trading experience in front office

• Experience with OTC derivatives

• Project Management Skills

• Experience in highly regulated environments

• Skills in data analysis reporting or using business intelligence tools to inform strategic decisions

• Experience with Risk Management Frameworks familiar with established risk management and risk appetite alignment.

• Direct experience of dealing with regulators

We make hiring decisions based on your skills capabilities and experience and how youll help us to live our values. We encourage you to apply even if you dont meet all the criteria of this role.

If you need any adjustments during the application or interview process to help you present your best self please let us know at

At ASX Group our diverse workforce is essential to build and maintain a fair and dynamic marketplace. We support flexible working and offer hybrid working options. Even if our roles are advertised as full-time we encourage you to apply if you are interested in part-time or other flexible working arrangements.

We will arrange for successful candidates to have background checks including reference and police checks completed as part of the on-boarding process.

To be considered for this position candidates must be legally authorised to work in Australia on a permanent basis without any restrictions.