Supporting Flexibility at CommBank
The Commonwealth Bank of Australia (Bank) is committed to continuously improving governance practices and ensuring they align with business, stakeholders' and customers' needs.
In Financial Services, we focus on three key priorities: 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
The Group Audit and Assurance (GA&A) team provides the internal audit function for the Group. They aim to deliver independent and objective assurance of the effectiveness of the Group's risk management, controls, and governance processes.
To keep pace with digital technology and customer expectations, GA&A continues to evolve by adopting global best technology and innovation. This includes embedding digital assurance into audit activities, using Artificial Intelligence (AI), and improving the overall experience for employees.
The next phase of our transformation is enabling continuous, data-driven assurance across the 3LoA.
We work in an integrated way with numerous 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.
About the Role
The Treasury and Financial Risk Audit team is seeking an experienced Senior Audit Manager with a 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. Your work will contribute to high-quality audit reports that aid our stakeholders in making a difference to their business and protect the Group and our customers.
In this role, you will 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.
Key Responsibilities
1. Operate as the Team Leader across audits, effectively planning and delivering audits across Market, Liquidity, and Funding risks.
2. 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.
3. Interview customers and conduct process walkthroughs to understand and risk assess the business' risk and control environment.
4. 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.
5. Supervise, coach, and support the development of more junior team members working on audits where you are the Team Leader.
6. Assist your Executive Manager in building a dynamic, risk-based Audit Plan to capture key and emerging risks.
7. Solve problems by applying innovative thinking and actively participate in processes to capture and act on innovation ideas that improve the way we work.
8. Create and develop independent and objective relationships within GA&A, the bank, and externally to enable effective knowledge sharing and collaboration.
About You
We are looking for someone with: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 (ADIs) 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 of 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. Our people bring diverse backgrounds and unique perspectives to build a respectful, inclusive, and flexible workplace. We encourage all interested applicants to apply.
We're determined to make a real difference for Australia's first peoples.