Controls Advisory and Assurance Manager

Challenger Limited is an ASX-listed investment management firm managing $128.2 billion in assets (as at 31 December 2025). Life with us is fast moving and always exciting. Together we’re driving to deliver our vision to provide our customers with financial security for a better retirement.

We achieve this goal by providing a work environment where people from diverse backgrounds, with a range of skills and experiences can contribute and succeed.

Controls Advisory and Assurance Manager

• You’ll help shape how controls assurance is delivered across the business – a role that will touch every part of Challenger, giving you real breadth.

• You’ll be joining a business that is risk-mature, open to challenge, and actively investing in strengthening its control environment - giving you the opportunity to make a visible impact early and build capability over time.

• Based in our Sydney office, you’ll enjoy flexible working (3 days in the office, 2 from home).

About the role

This is a newly created role, so you won’t be inheriting a backlog or picking up where someone left off. The foundations are in place - the opportunity is to build on them and bring greater rigour and consistency to how controls assurance is delivered across the business.

You’ll partner closely with stakeholders to review and improve control design and documentation, strengthening the quality and clarity of controls (including ownership, purpose and evidence).

You’ll also support stronger alignment between risks, controls and compliance obligations providing constructive challenge and guidance to help ensure controls operate effectively in practice.

You’ll also:

• Support the prioritisation of testing across key risks and critical operations, assessing control design and operating effectiveness using a structured, risk-based approach

• Contribute to thematic reviews and targeted deep dives across key risk areas

• Support issue management and remediation oversight, ensuring clear ownership and follow-through

• Help uplift the use and quality of our GRC system, ensuring accurate capture of risks, controls, testing outcomes and issues

• Contribute to training, guidance and coaching to build Line 1 and Line 2 capability in control design and assurance

The skills and experience you’ll need

You're someone who enjoys getting into the detail but also stepping back to improve how things are done. You might be a manager from audit ready to make your first move into industry, or a Senior Controls Analyst already working in financial services looking for broader ownership - either way, you're comfortable being hands-on in delivery.

You’ll bring:

• Experience in controls assurance or control design and testing, ideally gained in internal or external audit within a professional services firm, or a Line 2 risk role in financial services.

• A solid understanding of risk and compliance frameworks within a regulated financial services environment

• Strong knowledge of control design and testing methodologies

• The ability to assess what 'good' looks like and bring best practice thinking to control design and testing

• Exposure to APRA-regulated environments (highly regarded)

• Strong stakeholder skills, with the ability to influence and challenge constructively

• Strong written communication skills, with the ability to distil complex risk issues into clear, practical insights for senior stakeholders

• A pragmatic, solutions-focused mindset

Why Challenger?

Working at Challenger means being part of a connected team that enjoys what they do. We’re small enough to move quickly, and big enough to make meaningful change.

We support your growth and development, offer flexibility, and value the unique contributions people bring.

We provide access to a range of exclusive employee benefits that will support you both personally and professionally and a hybrid work environment including. 

• Discretionary bonus scheme. 

• Employee share plan. 

• Eighteen weeks paid leave for all new parents. 

• Flexibility on when, and how, parental leave is taken. 

• Challenger Day – one extra day off every year in recognition of the effort our people make. 

• Subsidised on-site café and fantastic central location a stone's throw from Martin Place Metro 

• Additional support leave (fertility treatment leave, gender affirmation leaves). 

• Extra superannuation contributions. 

• Access to Fitness Passport

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Challenger's employee value proposition guides how we work: Grow and realise your potential, supporting each other, stronger together and making things happen. Our culture encourages curiosity, considered thinking and meaningful contribution, with opportunities to build a broad and rewarding career.

We are committed to fostering a safe, inclusive and respectful workplace where people of all backgrounds, identities and ways of thinking can thrive, and promoting flexible working to support work-life balance. 

Challenger is proud to be a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality, a Family Friendly Workplace and recognised as a Bronze Employer in the Australian Workplace Equality Index (AWEI), the national benchmark for LGBTQ+ workplace inclusion.

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