Supporting Flexibility at CommBank
The Commonwealth Bank of Australia is committed to continuously improving governance practices and ensuring that they are aligned with business, stakeholders and customers' needs. The Group Audit and Assurance (GA&A) function provides independent and objective assurance of the effectiveness of the Group's risk management, controls and governance processes.
To support evolving customer expectations, competitive threats and the pace of change, GA&A must provide new insights and risk coverage that puts customers first. As digital technology disrupts and transforms entire industries and ways of working, GA&A is committed to keeping pace and continually reimagining itself with the latest global best technology and innovation.
Over the last three years, GA&A has embedded digital assurance into audit activities, injecting Artificial Intelligence (AI) into routine control testing and using digital tools to improve the overall experience for employees.
This has allowed GA&A to reduce administrative overhead, increasing their teams capacity for high value judgement-based activities and expanding their support to include sharing knowledge and tools that create better risk coverage across the Bank for all Three Lines of Assurance.
With global-best digital tools that harness the power of data, analytics and AI, GA&A delivers smarter, faster and safer outcomes to address current and emerging risks and provide better assurance outcomes for our customers and community.
The Financial Crime & Regulatory Compliance (FCRC) team is responsible for appropriate coverage of key risks across all CBA Business lines, Support Functions and CBA Offshore branches.
The Senior Audit Manager (SAM) is a senior role within the FCRC audit team and is responsible for contributing to the development and execution of the Financial Crime and Fraud audit program, managing and leading large and diverse teams and engaging with senior stakeholders in Financial Crime and Fraud function and in the Business.
This role requires strong Financial Crime Compliance (FCC) and Fraud Risk Management experience and a proven history of executing FCC and Fraud testing programs in large financial institutions or a professional services firm.
Main Responsibilities:
* Provide objective assurance on risk management to key customers (e.g. Group Executives and their leadership teams) to secure the financial wellbeing of the Bank's customers.
* Identify issues together with risk and commercial insights as part of high quality audit reports, which help customers to make a difference to their business.
* Actively manage Audit Reviews against the agreed audit plan and forecasts and insights for senior management.
* Assist and guide team members on subject matter and audit process with regards to Financial Crime, Fraud, Privacy, Conduct, Legal and Regulatory Risk areas.
* Assist in the preparation of internal material for engagement, education and upskilling of the GA&A function.
* Assist in the development of Annual Operating Plans and Quarterly Business Review memos.
Key Qualifications:
* Demonstrable financial services experience and be comfortable with adapting to change. The role requires experience in Financial Crime and / or Fraud Risk Management experience.
* Extensive experience in Compliance and/or AML Compliance and/or audit, and risk management role, preferably in a testing function with a large financial institution or professional services firm.
* Extensive knowledge of, and experience in, internal auditing, risk management strategies and techniques.
* Strong knowledge of FCC risks across AML/ CTF, Economic & Trade Sanctions and AB&C laws, regulations and directives, and sound understanding of ML/ TF typologies.
* Excellent written and verbal communication skills with the ability to summarize findings and present in a clear, concise manner to peers, managers and the senior leadership team.
* Ability to execute tasks with a sense of urgency and with the ultimate goal of delivering audits and assigned tasks on time with a capability in deriving both audit and commercial insights.
* Demonstrated ability in building strong customer relationships based on credibility, rapport and trust.
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. Our people bring their diverse backgrounds and unique perspectives to build a respectful, inclusive and flexible workplace.
We're determined to make a real difference for Australia's first peoples. We encourage all interested applicants to apply.