Director - Promontory Financial Group Sydney Director - Promontory Financial Group Sydney …

in Sydney, New South Wales, Australia
Permanent, Full time
Last application, 15 May 21
in Sydney, New South Wales, Australia
Permanent, Full time
Last application, 15 May 21
Director - Promontory Financial Group Sydney


Your Role and Responsibilities

About the Business Unit:
Promontory Financial Group, a division of IBM, is the premier consulting firm for financial services companies worldwide. Promontory Financial Group excels at helping clients resolve critical issues, particularly those with a regulatory dimension. Promontory professionals have unparalleled regulatory experience and insight, and provide our clients with frank, proactive advice informed by best practices and regulatory expectations.
Promontory Australasia is a boutique operation with offices in Sydney and Singapore and maintains strong links to the US, Europe and other parts of Asia. Our consultants in Australia have backgrounds in finance, law, mathematics, economics, engineering and auditing.
In recent years Promontory Australasia has completed a number of high-profile engagements with Australian financial institutions and due to a strong pipeline of work we are looking to expand our team with a highly skilled, adaptable and dependable individual to join the high performing Sydney office to assist in the completion of a number of current challenging projects.
As a member of the Promontory Australasia team at IBM you will contribute to the firm's global efforts to provide clients with solutions to challenging strategic, risk management, and regulatory compliance issues. Our growing team of specialists offer the following services across Prudential, Conduct and AML/CTF/KYC Regulation:
  • Remediation Services - Independent assurance to regulators and firms over remediation programs
  • Compliance and Risk Management Advisory - Advice on risk governance and management policies and procedures
  • Regulatory Framework Advisory - Advising regulators on building regulatory frameworks
  • RegTech - Working with IBM to leverage their technology to develop cognitive/AI based compliance solutions
  • Regulatory Liaison Advisory - Helping our clients navigate relationships with Regulators
As a Director you will work with a multi-disciplinary team helping banks, wealth management businesses and other financial institutions including Regulators solve regulatory and compliance problems, design or restructure operational processes to better manage and mitigate both financial and non-financial risk, and use technology to improve effectiveness and compliance with regulatory obligations.
You will be responsible for managing projects - often those subject to regulatory enforcement actions - which require an assessment of a financial institution's controls or remediation program to address risk management, conduct, governance, culture and accountability deficiencies.
An important facet for a Director's role is to develop our business within the risk assurance and advisory consulting domain - in addition to areas of growing regulatory focus where Promontory can provide thought leadership.
Roles and Responsibilities
As a Director you will demonstrate your ability to:
  • Interact comfortably with Chairman, CEO, COO, and other executives and Board members of clients and regulatory authorities, generally with a Managing Director present.
  • Act as Promontory's client point of contact for engagement delivery with Managing Director guidance.
  • Identify new business opportunities with existing and/or new clients and generate business.
  • Manage engagement teams and work with clients to assess the client's needs.
  • Manage conflicts and interactions with clients particularly where there are formal independence requirements.
  • Guide project team members with day-to-day activities, including prioritisation of project tasks.
  • Manage projects to client satisfaction and ensure projects are delivered to budget thus adding value to the Firm.
  • Oversee project deliverables and deliver as an individual contributor where expected.
  • Perform other duties as assigned.
To be successful in this role a candidate must possess:
  • A strong understanding of Australia's system of financial regulation
  • Demonstrated leadership ability.
  • Strong attention to detail.
  • Strong analytical skills.
  • Ability to handle complex information, solve problems, and manage multiple tasks.
  • Ability to communicate effectively with clients and within all levels of the organization.
  • Ability to establish and maintain positive relationships and build teams.
  • Strong reputation for integrity and ethics.
Required Professional and Technical Expertise
  • An undergraduate degree in Accounting, Commerce, Finance, or Law.
  • At least 15 years of experience to include a senior-level position in a financial institution(s), consulting/accounting/law firm(s), and/or government agency.
  • Knowledge of and relationships with key executives in financial institutions and/or regulators
  • Technical expertise and experience in compliance, risk management, corporate governance, accounting, or legal or regulatory issues, finance, lending, trading and/or other financial services core competencies.
  • Track record working in an unstructured environment where engagement leaders are expected to identify and develop innovative solutions to client challenges.
  • Superior writing and editing skills with the ability to construct well-founded, clear, and concise analyses and recommendations.
Preferred Professional and Technical Expertise
  • An MBA or advanced diploma of Financial Planning, Accounting, Commerce, Finance, or Law
If you tick these boxes, and are ready to start your next challenge with a career at IBM - click "Apply" today. To find out more, head to
Equal Opportunity
IBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.

Required Technical and Professional Expertise

As above

Preferred Technical and Professional Expertise

As above

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