Job Description
The Commonwealth Bank of Australia (Bank) is Australia's leading provider of integrated financial services.
We are committed to continuously improving governance practices and ensuring that they are aligned with business, stakeholders and customers' needs.
In Financial Services, we support the Group's strategy of building tomorrow's bank today for our customers, through a focus on three key priorities of trust, resilience and capital generation.
We partner with all areas of CommBank to provide specialist advice, support and services in finance, audit, treasury, property, procurement, climate strategy and investor relations.
About Our Team
Our Group Audit and Assurance (GA&A) team is the internal audit function for the Group.
Our primary purpose is to provide independent and objective assurance of the effectiveness of the Group's risk management, controls and governance processes.
Role Overview
The Treasury and Financial Risk audit team is seeking an experienced Senior Audit Manager.
You will have experience and background in either internal or external audit, Line 2 risk management or Line 1 financial services.
You will enjoy working in a dynamic environment and be able to focus on key issues and details.
Key Responsibilities:
* Operate as the 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 & 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; and prepare simple, meaningful and easy to read audit reports and issue logs.
* Supervise, coach and support 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 appropriately capture key and emerging risks.
* Solve problems by applying innovative thinking and actively participate in processes to capture and act on innovation ideas, which improve the way we work.
Your Skills and Experience:
* Valuation and modelling of financial instruments.
* Experience with building, validating and/or testing liquidity risk modelling and frameworks.
* Prudential Standard APS 210 Liquidity experience.
* Tertiary Qualifications – hold a tertiary qualification 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.
About Working with Us
At CommBank, we advocate and facilitate a culture of inclusion and respect, celebrating all cultures, abilities, genders, expressions of gender and sexual orientation.
We believe in making a positive impact for customers, communities and each other.
We're keen to support you with the next step in your career.