Supporting Flexibility at CommBank
The Commonwealth Bank of Australia is a leading provider of integrated financial services, committed to continuously improving governance practices and aligning them with business, stakeholders, and customer needs.
In Financial Services, we focus on three key priorities: trust, resilience, and capital generation. This enables us to provide specialist advice, support, and services in finance, audit, treasury, property, procurement, climate strategy, and investor relations.
About Our Group Audit and Assurance Team
Our Group Audit and Assurance (GA&A) team serves as the internal audit function for the Group. Their primary purpose is to provide independent and objective assurance of the effectiveness of the Group's risk management, controls, and governance processes.
As digital technology transforms industries and ways of working, GA&A remains committed to keeping pace and reimagining itself with the latest global best technologies and innovations. Evolving customer expectations and the pace of change require GA&A to support the business with new insights and risk coverage that prioritizes customers' needs.
GA&A has embedded digital assurance into audit activities, incorporating Artificial Intelligence (AI) into routine control testing and using digital tools to enhance the employee experience. The next phase involves enabling continuous, data-driven assurance across the 3LoA.
We have several teams within GA&A, including:
Business Banking Audit Team
This team provides assurance over distribution and products in Business Banking.
Treasury and Financial Risk Audit Team
This team's purpose is to provide Line 3 assurance over the Bank's Financial Risks, particularly related to frameworks, policies, and models for Market Risk; Funding; Liquidity; and Capital.
We review the effectiveness of frameworks and policies designed to mitigate risks associated with our internal and external obligations for market risk (traded and non-traded), liquidity, and funding.
We work closely with various specialist and business unit audit teams, including Wholesale Credit Risk Audit, Models, Artificial Intelligence, and Data Management, Institutional Banking & Markets, Financial Services, ASB & CBA Europe NV audit teams.
Key Responsibilities for the Senior Audit Manager Role
We are seeking an experienced Senior Audit Manager with expertise in either internal or external audit, Line 2 risk management (market risk and liquidity management experience will be highly valued), or Line 1 financial services.
You will enjoy working in a dynamic environment, focusing on key issues, and contributing to high-quality audit reports that make a difference to our stakeholders and their businesses.
In this role, you will also support your Executive Manager and Manager Once removed (MoR) in providing independent assurance on risk management to key stakeholders, including the Board Audit Committee, Group Executives, and their leadership teams.
Requirements for the Senior Audit Manager Role
* Operate as a Team Leader across audits, effectively planning and delivering audits across Market, Liquidity, and Funding risks.
* Deliver assigned scope areas of the audit from Planning, Fieldwork, Reporting, and through to audit closure, including administration of key audit stage-gates in the audit workflow system.
* Interview customers and conduct process walkthroughs to understand and risk assess the business' risk and control environment.
* Draft issues and agree factual accuracy and ratings with the Executive Manager and stakeholders; prepare simple, meaningful, and easy-to-read audit reports and issue logs.
* Supervise, coach, and support the development of more junior team members working on audits where you are the Team Leader.
* Assist your Executive Manager in building a dynamic, risk-based Audit Plan to capture key and emerging risks.
* Solve problems by applying innovative thinking and actively participate in processes to capture and act on innovation ideas that improve the way we work.
* Create and develop independent and objective relationships within GA&A, the bank, and externally to enable effective knowledge sharing and collaboration.
Desirable Qualifications and Experience
* Risk modelling and/or validation experience covering traded and/or non-traded market risk models used for Interest Rate Risk in the Banking Book (APS 117), Market Risk (APS 116), Operational Risk, and/or Credit Risk.
* Internal audit experience at an authorised deposit-taking institution (ADI) or other financial services firm.
* Tertiary qualifications – hold a tertiary qualification, such as a Bachelor's degree in Commerce, Actuarial Studies, Finance, Business, Engineering, or equivalent practical experience and/or internationally recognised audit qualification.
* Typically 8+ years relevant experience in risk management (Line 1 or 2) or audit.
Why Work with Us?
Whether you're passionate about customer service, driven by data, or called by creativity, a career here is for you. At CommBank, we advocate and facilitate a culture of inclusion and respect, celebrating all cultures, abilities, genders, expressions of gender, and sexual orientation. Read more about our commitment to inclusion and diversity on our website.
We believe in empowering our people to grow professionally and personally, while making a positive impact for customers, communities, and each other. We're determined to make a real difference for Australia's first peoples and encourage all interested applicants to apply.