Primary Location: Parramatta (with up to one day per week in Sydney CBD)

Hybrid model: 3 days in office / 2 days remote

We are seeking a senior, risk leader to design and lead our second-line oversight of Artificial Intelligence (AI), Machine Learning (ML), and Data Privacy risk across a complex, APRA-regulated financial services environment.

This role carries significant accountability setting AI governance standards, defining risk appetite, leading model assurance processes, and embedding a robust data privacy framework aligned to global regulatory expectations.

You will operate at senior level, influencing strategic direction and enabling responsible innovation across the organisation.

Key Responsibilities

Strategic AI & Data Governance

• Design and implement the enterprise-wide AI Policy and Data Risk Governance Model
• Define AI/ML risk appetite and lifecycle controls (design, training, validation, deployment, monitoring)
• Lead second-line oversight of AI Risk and Information Security Assessments
• Drive continuous uplift of AI and data risk maturity
• Provide executive-level advisory on emerging AI and regulatory risks

AI Risk & Model Oversight

• Establish AI model validation, assurance and approval frameworks
• Oversee model governance standards, documentation and control effectiveness
• Ensure alignment with recognised frameworks (e.g., NIST AI RMF, ISO 42001)
• Provide subject matter expertise on algorithmic bias, explainability, model drift and ethical AI use

Data Privacy & Regulatory Leadership

• Lead enterprise data privacy framework, including policies, lineage and governance controls
• Oversee Data Protection Impact Assessments (DPIAs) and privacy risk assessments
• Ensure compliance with APRA CPS 234/230 and relevant global regulatory obligations
• Manage privacy incident response, breach notification and regulator engagement
• Oversee third-party data risk, cross-border transfers and vendor assurance

Enterprise Influence & People Leadership

• Lead and develop a specialist team of AI Risk Managers and Data Privacy professionals
• Influence Executive and Senior Leadership stakeholders on strategic risk priorities
• Drive enterprise-wide capability uplift in AI and data risk culture
• Partner across Technology, Cyber Security, Legal, Data Science and Business units

About You

This role requires a highly experienced risk professional with deep technical, regulatory and governance expertise.

Essential Experience

• 12+ years' experience in Technology Risk, Information Security Risk, Data Risk or Model Risk
• Demonstrated experience managing AI and Data Risk within a regulated financial services environment (investment banking or superannuation strongly preferred)
• Proven leadership in designing and embedding enterprise-wide risk and compliance frameworks
• Expertise across Technology, Data and Information Security risk domains
• Strong understanding of APRA regulatory standards (including CPS 234 and CPS 230)
• Working knowledge of global regulatory regimes such as EU DORA, UK FCA/PRA, SEBI and HKMA
• Experience leading AI governance, model risk management or advanced analytics oversight
• Program or transformation leadership across digital, data or AI initiatives
• Experience engaging regulators and managing formal responses or reviews

Technical & Framework Expertise

Strong working knowledge of:

• NIST Cybersecurity Framework and NIST AI Risk Management Framework
• ISO 27001 and ISO 42001
• COBIT, CIS Controls and PCI DSS
• Enterprise data governance, privacy by design and secure SDLC practices
• AI model lifecycle governance, validation and monitoring controls

Qualifications & Certifications

• Graduate qualification required, tertiary or postgraduate qualifications in IT, Computer Science or Information Security desirable
• Professional certifications such as CRISC, CISM, CISA, CISSP or ISO 27001 Lead Auditor preferred
• Audit and/or consulting background advantageous

Personal Attributes

• Strategic, commercially aware and outcome focused
• Comfortable operating in complex, ambiguous environments
• Strong executive presence with the ability to influence at senior levels
• Passionate about responsible AI and the future of data-driven innovation
• Proven people leader with strong team development capability
• Highly organised with strong coordination and stakeholder management skills
• Proficiency in MI and analytics tools such as Power BI, Tableau or Alteryx

If you are an experienced AI & Data Risk leader ready to operate at enterprise scale, we encourage you to apply.

About Us

MUFG Pension & Market Services is a global, digitally enabled business that empowers a brighter future by connecting millions of people with their assets – safely, securely and responsibly.

Through our two businesses MUFG Retirement Solutions and MUFG Corporate Markets, we partner with a diversified portfolio of global clients to provide robust, efficient and scalable services, purpose-built solutions and modern technology platforms that deliver world class outcomes and experiences.

A member of MUFG, a global financial group, we help manage regulatory complexity, improve data management and connect people with their assets, through exceptional user experience that leverages the expertise of our people combined with scalable technology, digital connectivity and data insights.

About the Team

Our Group Risk & Compliance function manages all aspects of risk and compliance across the organisation. It oversees the risk management framework to ensure effective operational risk management, guidance from risk and compliance teams, and implementation of global risk management strategies. This function ensures that we consistently meet regulatory compliance and governance standards.

MUFG Pension & Market Services is continuing to build a dynamic, client-focused, caring, and inclusive culture based on entrepreneurial spirit, effective risk management, empathy, and trust, underpinned by core values.

We work collaboratively, supporting and valuing the talents and perspectives of our people, and promoting a flexible work environment where their wellbeing is prioritized. We believe diversity drives better client outcomes, improvement, and growth.

Join us on the MUFG Pension & Market Services journey to achieve our full potential. We treat everyone fairly and equitably, regardless of diverse characteristics. Candidates must have the relevant work rights. Successful applicants must complete background screening before employment.