Supporting Governance and Risk Management
The Commonwealth Bank of Australia (Bank) is a leading provider of integrated financial services. We are committed to continuously improving our governance practices, ensuring they align with business, stakeholder, and customer needs. Our Group Audit and Assurance (GA&A) function provides independent assurance on the effectiveness of risk management, controls, and governance processes.
We face evolving customer expectations, competitive threats, and rapid change. To support our business, we need insights and risk coverage that prioritizes customers. Our GA&A team must continue to provide high-quality assurance to our Board, leveraging digital technology to stay ahead.
Over three years, our GA&A team has increased its focus on digital assurance, integrating Artificial Intelligence into routine control testing and using digital tools to enhance the employee experience.
By streamlining administrative tasks, our team can concentrate on high-value judgement-based activities and share knowledge and tools to improve risk coverage across the Bank. With global-best digital tools harnessing data, analytics, and AI, we deliver smarter, faster, and safer outcomes for current and emerging risks, providing better assurance for our customers and community.
Join Our Team in Financial Crime & Regulatory Compliance
Our Financial Crime & Regulatory Compliance (FCRC) team ensures appropriate risk coverage across all Business lines, Support Functions, and Offshore branches. This includes Financial Crime topics, Fraud and Scams, Regulatory Compliance, Data Privacy, Conduct, and Legal reviews.
The Senior Audit Manager (SAM) leads our FCRC audit team, contributing to the development and execution of the Financial Crime and Fraud audit program, managing teams, and engaging with stakeholders in the Financial Crime and Fraud function and the Business.
To thrive in this role, you will have demonstrable financial services experience and be comfortable adapting to change. The 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 professional services firms.
Key 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, helping customers make a difference in their business.
* Actively manage Audit Reviews against agreed audit plans and forecasts, providing insights for senior management.
* Assist and guide team members on subject matter and audit process regarding Financial Crime, Fraud, Privacy, Conduct, Legal, and Regulatory Risk areas.
* Assist in preparing internal materials for engagement, education, and upskilling of the GA&A function.
* Assist in developing Annual Operating Plans and Quarterly Business Review memos.
Requirements:
* Demonstrable financial services experience and comfort adapting to change. Experience in Financial Crime and/or Fraud Risk Management is required.
* Extensive experience in Compliance and/or AML Compliance and/or audit, and risk management roles, preferably in a testing function with a large financial institution or professional services firm.
* Extensive knowledge of 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 clearly to peers, managers, and the senior leadership team.
* Ability to execute tasks with a sense of urgency, delivering audits and assigned tasks on time, with a capability to derive both audit and commercial insights.
* Demonstrated ability to build strong customer relationships based on credibility, rapport, and trust.
Working with Us
We advocate and facilitate a culture of inclusion and respect, celebrating all cultures, abilities, genders, expressions of gender, and sexual orientation. Our people bring diverse backgrounds and unique perspectives to build a respectful, inclusive, and flexible workplace. If you're excited about this opportunity but don't meet every requirement, we encourage you to apply.
At CommBank, we inspire you with work that makes a difference, surround you with talented people who respect and value each other, and empower you to grow professionally and personally. Most importantly, making a positive impact for customers, communities, and each other is part of our daily work.