About Us
The Commonwealth Bank of Australia (Bank) is a leading provider of integrated financial services, committed to continuously improving governance practices and ensuring alignment with business, stakeholders, and customers' needs.
Our Financial Services team supports the Group's strategy of building tomorrow's bank today for our customers, focusing 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.
Our Team
Our Group Audit and Assurance (GA&A) team is 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.
We are committed to keeping pace with digital technology, continually reimagining ourselves with the latest global best technology and innovation. To support the business, we provide new insights and risk coverage that puts customers first and continue to provide insightful assurance to the Board.
Business Banking Audit
The Business Banking audit team provides assurance over distribution and products in Business Banking.
Treasury and Financial Risk Audit
The Treasury and Financial Risk Audit team's purpose is to provide Line 3 assurance over the Bank's Financial Risks, particularly related to the frameworks, policies, and models for Market Risk; Funding; Liquidity; and Capital.
Our team are specialists in reviewing the effectiveness of frameworks and policies that seek to mitigate the risks associated with our internal and external obligations for market risk (traded and non-traded market risk), liquidity, and funding (secured and unsecured).
We're Seeking an Experienced Senior Audit Manager
We are seeking an experienced Senior Audit Manager with experience and background in either internal or external audit, Line 2 risk management (market risk and liquidity management experience will be highly regarded) or Line 1 financial services.
Your Role
In this role, you will:
* Operate as the Team Leader across audits, effectively plan and deliver 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 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 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.
* Create and develop independent and objective relationships within GA&A, the bank, and externally to enable effective knowledge sharing and collaboration.
Requirements
* 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. 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.
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 are committed to diversity and inclusion and encourage applications from candidates who represent the diversity of our customers and society.
We offer a supportive and inclusive work environment, opportunities for professional growth and development, and a commitment to making a positive impact for our customers, communities, and each other.