Senior Manager, Default Management

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 inclusivity-creating an environment that enables autonomy, growth and psychological safety.
• Role specific (strategic accountabilities):
• Be the subject-matter leader for Default Management and Recovery across ASX's financial market infrastructure-providing 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 reviews-prioritising 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

Additional Information

ASX: Powering Australia's financial markets Why join the ASX? When you join ASX, you're 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, you'll 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. www.asx.com.au/about/careers/a-great-place-to-work We 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. We're 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, we're committed to a fair and inclusive workplace where everyone can thrive. Own and evolve ASX's Default Management and Recovery framework to protect the resilience of ASX's Clearing Houses-setting 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 ASX's 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.

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