Australian Prudential Regulation Authority FAQ

All answers shown come directly from Australian Prudential Regulation Authority Reviews and are not edited or altered.

13 English questions out of 13

16 January 2020

How are the career development opportunities at Australian Prudential Regulation Authority?

Pros

Professional organisation, flexible work arrangements, decent remuneration, many career opportunities

Cons

Lots of meetings, culture of endless internal consultation

Professional organisation, flexible work arrangements, decent remuneration, many career opportunities

16 January 2020

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3 October 2020

What kind of career opportunities exist at Australian Prudential Regulation Authority?

Pros

Inclusion and diversity is important to this employer Training and development is encouraged

Cons

A culture of recognition and reward needs to be further developed

Training and development is encouraged

3 October 2020

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20 August 2018

What is the feeling of job security at Australian Prudential Regulation Authority?

Pros

1. Job security. You can be very chilled & lazy without worrying about getting fired. 2. Attendance is the only valid KPI. You need to attend work, meetings & any other formal events, but that’s your only KPI. Others so called KPIs are only for show (but you need to at least pretend you are working/reading some documents at work) 3. Career Progression- although it’s super slow, as long as you stay in the organization you will eventually become at least a Principle Analyst, or a Manager or even a Senior Manager. No matter how incompetent you are. 4. No criticisms - external parties would only say good things in front of you. No formal peer reviews. Auditing is nearly nonexistent (have worked there for years, never got audited for any of my work, same to nearly all of my ex colleagues there).

Cons

1. Not a suitable work environment for skill & knowledge improvement. 2. Too much workplace politics. 3. Too many incompetent senior managers there (still have few competent ones though) They used to joke about an old lady (a senior manager) there that had neither analytical skills nor technical knowledge, but very picky about grammar & wordings. Since she has only worked in public sector, that’s why this was the only thing she good at and got promoted because of that. I heard her team members have all left the team but I am not surprised. 4. System is old, management style is old feels like a dying regulator. 5. Senior managers and above are on contract but hardly get fired. 6. Putting the wrong senior managers at the wrong places. Senior managers with no knowledge/experience with SQL, Python etc have been placed into data analytics team. Senior managers with no knowledge/experience with super or insurance have been placed into DID (super or insurance team) and many more. 7. Some principal analysts & senior managers have no/very limited practical industry work experience.

Advice to Management

1. Replace all incompetent senior managers. 2. Create a competitive environment. 3. Only recognize & reward true contributors. 4. Senior management team should implement their straregies to fix these konwn issues not just talks.

1. Job security.

20 August 2018

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4 June 2020

How are senior leaders perceived at Australian Prudential Regulation Authority?

Pros

Great place to hone technical skills in financial analysis, statistics, banking, superannuation, financial sector law etc. For a while at least... Somehow it manages to do what it has to do and we should be grateful for that and grateful that people are prepared to dedicate their careers to it.

Cons

Accountability of managers: the Judge Dredd syndrome is evident (‘I am the law’). So APRA is not always a predictable, rules-based environment. Some of the managers are moody and lack self control, and have very idiosyncratic approaches. Not a good place for independent-minded people. A lot of them left around 2016 -2018. APRA tends to go with whatever is fashionable in the HR space and you never know what the expectations will be when the next consultant-driven brainwave blows through. APRA struggles outside its core supervision and statistical collection tasks.

Advice to Management

See ‘cons’ section. Good organisations are rules-based and predictable. They have a culture of accountability, clear expectations as to quality of work and merit-based promotion.

Some of the managers are moody and lack self control, and have very idiosyncratic approaches.

4 June 2020

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10 July 2019

What are some insights into the strategy or vision at Australian Prudential Regulation Authority?

Pros

People are really friendly Can be exposed to the other side

Cons

Little responsibility given to interns

Little responsibility given to interns

10 July 2019

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13 English questions out of 13