Risk Management (RM) is responsible for developing and deploying the risk frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance and insurance risks within a Board-approved appetite.
Risk Management ensures that the Group has appropriate strategies and frameworks in place to assess, manage and report on credit, market, operational, compliance and insurance risks. We do this by:
Establishing frameworks to manage risks that are consistent with the Group’s business objectives;
Identifying, assessing and reporting risks to the Board, Risk and Audit Committees, Executive Committee and Business Units;
Assessing the impact of proposed changes in laws, regulations and industry codes; and
Working collaboratively with the Business Units to achieve the optimal risk and return outcomes for the Group within the risk appetite approved by the Board.
See yourself in our team
The Financial Crime Compliance Detection (FCCD) Team and are part of the Financial Crime Compliance team, and is responsible for the maintenance of and enhancements to the Group's AML systems by way of data modelling and continual systems optimisation.
We are responsible for identifying regulatory red flags requiring transaction-monitoring controls, analysing financial crime data, implementing detection strategies that mitigate risk, and preventing financial crime.
We support financial crime technology projects, including inputs into business requirements, solution design, and testing and change management.
Your Impact
Your role will be responsible for ensuring coverage assessments are created and maintained demonstrating coverage of international and domestic regulator red flags against the groups products taking into account Product, KYC and Transaction Monitoring controls.
You will ensure all emerging issues are initially investigated and escalated and recorded according to the groups risk management standard.
You will be responsible for managing and implementing continuous improvement opportunities and ensure any impacts are communicated and managed effectively.
You will lead engagements with projects, provide requirements and assist with testing and change management activities.
You will be highly resilient, clearly illustrate ability to deal with set backs with strong written and verbal communication skills.
Your responsibilities:
Provide business support and expert advice
Apply the Group’s FCC framework and risk mitigation strategy and support the maturation of this framework
Contribute to efforts to reduce the potential impact of current and emerging FCC risks on CBA customers, through a focus on high risk customers and customer segments
Contribute to strategic planning initiatives and execution of these strategies within FCC
Contribute to Regulator relationship management Data analysis and intelligence activities as required
Support the EM and Senior Manager in the execution of FCC objectives
Reduce the potential impact of current and emerging FCC risks on CBA customers
Recommend mitigating strategies and actively manage emerging events, ensuring strategies are implemented which effectively manage the associated risk.
Ensure that clear and concise documentation is produced.
Drive insights into trends and anomalies - including root cause analysis.
Lead stakeholder engagements and ensure that key tasks are defined and the appropriate priority is assigned.
Work with the Financial Crime Intelligence Unit, Financial Crime Compliance, and relevant business units to understand and document Money Laundering related risks and controls.
Complete coverage assessment of money laundering risks, showing linkages between AML risks and the control environment.
Analyse data, assist line manager with technical and non-technical initiatives.
We’re interested in hearing from people who have:
Experience managing work relationships and business stakeholders preferred
Knowledge and experience or interest in financial crime or risk management in financial services is highly regarded
Understanding of the financial crime regulatory framework with knowledge of the AML / CTF, Sanctions and ABC risk environment will be valuable
Experience in intelligence work, including information collection and development of intelligence reports would be ideal
Experience identifying, escalating problem solving risks, issues and incidents to senior management preferred
Tertiary qualification in a degree which has an Engineering component, preferred
An understanding of coding and programming languages – exposure to one or more of the following VBA, SQL, Python, MATLAB, C or C++ - preferred but not essential
SAS and SQL experience preferred but not essential
If you have the right skills and experience we're looking for, please apply now!
Working at CommBank
At CommBank, we support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you’re interested in.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
We're aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696.
Do work that matters
Risk Management (RM) is responsible for developing and deploying the risk frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance and insurance risks within a Board-approved appetite.
Risk Management ensures that the Group has appropriate strategies and frameworks in place to assess, manage and report on credit, market, operational, compliance and insurance risks. We do this by:
* Establishing frameworks to manage risks that are consistent with the Group’s business objectives;
* Identifying, assessing and reporting risks to the Board, Risk and Audit Committees, Executive Committee and Business Units;
* Assessing the impact of proposed changes in laws, regulations and industry codes; and
* Working collaboratively with the Business Units to achieve the optimal risk and return outcomes for the Group within the risk appetite approved by the Board.
See yourself in our team
The Financial Crime Compliance Detection (FCCD) Team and are part of the Financial Crime Compliance team, and is responsible for the maintenance of and enhancements to the Group's AML systems by way of data modelling and continual systems optimisation.
We are responsible for identifying regulatory red flags requiring transaction-monitoring controls, analysing financial crime data, implementing detection strategies that mitigate risk, and preventing financial crime.
We support financial crime technology projects, including inputs into business requirements, solution design, and testing and change management.
Your Impact
Your role will be responsible for ensuring coverage assessments are created and maintained demonstrating coverage of international and domestic regulator red flags against the groups products taking into account Product, KYC and Transaction Monitoring controls.
You will ensure all emerging issues are initially investigated and escalated and recorded according to the groups risk management standard.
You will be responsible for managing and implementing continuous improvement opportunities and ensure any impacts are communicated and managed effectively.
You will lead engagements with projects, provide requirements and assist with testing and change management activities.
You will be highly resilient, clearly illustrate ability to deal with set backs with strong written and verbal communication skills.
Your responsibilities:
* Provide business support and expert advice
* Apply the Group’s FCC framework and risk mitigation strategy and support the maturation of this framework
* Contribute to efforts to reduce the potential impact of current and emerging FCC risks on CBA customers, through a focus on high risk customers and customer segments
* Contribute to strategic planning initiatives and execution of these strategies within FCC
* Contribute to Regulator relationship management Data analysis and intelligence activities as required
* Support the EM and Senior Manager in the execution of FCC objectives
* Reduce the potential impact of current and emerging FCC risks on CBA customers
* Recommend mitigating strategies and actively manage emerging events, ensuring strategies are implemented which effectively manage the associated risk.
* Ensure that clear and concise documentation is produced.
* Drive insights into trends and anomalies - including root cause analysis.
* Lead stakeholder engagements and ensure that key tasks are defined and the appropriate priority is assigned.
* Work with the Financial Crime Intelligence Unit, Financial Crime Compliance, and relevant business units to understand and document Money Laundering related risks and controls.
* Complete coverage assessment of money laundering risks, showing linkages between AML risks and the control environment.
* Analyse data, assist line manager with technical and non-technical initiatives.
We’re interested in hearing from people who have:
* Experience managing work relationships and business stakeholders preferred
* Knowledge and experience or interest in financial crime or risk management in financial services is highly regarded
* Understanding of the financial crime regulatory framework with knowledge of the AML / CTF, Sanctions and ABC risk environment will be valuable
* Experience in intelligence work, including information collection and development of intelligence reports would be ideal
* Experience identifying, escalating problem solving risks, issues and incidents to senior management preferred
* Tertiary qualification in a degree which has an Engineering component, preferred
* An understanding of coding and programming languages – exposure to one or more of the following VBA, SQL, Python, MATLAB, C or C++ - preferred but not essential
* SAS and SQL experience preferred but not essential
If you have the right skills and experience we're looking for, please apply now!
Working at CommBank
At CommBank, we support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you’re interested in.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
We're aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696.
Advertising End Date: 23/06/2025
About the company
The Commonwealth Bank of Australia, or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom.
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