Posted: 7 May
Offer description
At Commonwealth Bank, We Support Flexibility
The Commonwealth Bank of Australia is a leading provider of integrated financial services. We are committed to continuously improving governance practices and ensuring that they align with business, stakeholder, and customer needs.
In Financial Services, we support the Group's strategy of building tomorrow's bank today for our customers, through a focus on three key priorities: trust, resilience, and capital generation. Financial Services partner with all areas of the bank to provide specialist advice, support, and services in finance, audit, treasury, property, procurement, climate strategy, and investor relations.
Make a Difference
Your role is to support the Group CFO, Executive Leadership Team, and the Board in making efficient and confident decisions on the investment portfolio and informing them on its effectiveness and efficiency.
You will provide support and leadership across various areas, including:
* Overseeing and delivering a professional and highly valued audit service to the business and Groups Audit & Risk Committees.
* Providing objective assurance on risk management to key stakeholders (e.g. Group Executives and their leadership teams) to secure the financial wellbeing of the bank's customers.
* Identifying issues together with risk and commercial insights as part of high-quality audit reports, which help customers make a difference in their business.
About 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.
As digital technology disrupts and transforms entire industries and ways of working, GA&A is committed to keeping pace and continually reimagining themselves with the latest global best technology and innovation. Evolving customer expectations and the pace of change require GA&A to support the business with new insights and risk coverage that puts customers first and to continue providing insightful assurance to the Board.
GA&A has increasingly 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. The next phase of our transformation is enabling continuous, data-driven assurance across the 3LoA.
We're Looking for Someone Who
* Assists the EM in building a dynamic, risk-based Audit Plan and provides input to refresh this at least quarterly, to capture key and emerging risks.
* Oversees effective and efficient assurance to enable complete and collaborative delivery of the Regulatory Compliance and Financial Crimes Audit Plan, in line with the CBA Internal Audit Methodology.
* Effectively leads and participates in all aspects of audit (Planning, Fieldwork, Reporting, and Audit closure) and ensures delivery against set timelines, proactively identifying and addressing any issues through to audit closure.
* Administers audits within the audit electronic workflow system, including all aspects of high-quality working paper documentation, key date fields, audit status, and timely approval of key audit stage gates.
* Tests Privacy Compliance requirements by re-engineering and identifies opportunities for process improvements in auditable areas.
* Drafts and reviews issues based on issue writing standards, agrees on factual accuracy with the Auditee, and supports the EM in presenting Very High and High risk-rated issues to the Management.
* Supports the QA program by timely and effective delivery of QA file reviews, adhering to QA standards, and addressing any QA feedback promptly and effectively.
* Uses analytics during audits to drive efficiency and provides deep risk insights (e.g. KRI monitoring to drive audit scope, targeted sample selection, and audit testing).
* Collaboratively works with audit peers and management to provide a holistic end-to-end view of risks across business and functions.
* Supports the EM in building and sustaining independent, objective relationships with Line 1, Line 2 risk management, Project Steering committees, professional services firms, and external auditors to ensure appropriate assurance coverage is provided.
Other Qualities You May Possess Include
* Excellent commercial acumen.
* Strong analytical and commercial skills, with demonstrated ability to draw insights from analysis.
* In-depth understanding of the risk and control environment, together with a good working knowledge of relevant policies.
* Demonstrated information governance and risk management experience, as well as knowledge of data protection and/or privacy.
* Familiarity with national and international privacy laws and regulations, with an understanding of the privacy regulations relevant to the Australian market.
* Ability to demonstrate independence and objectivity when faced with challenging and/or controversial decisions.
* Demonstrated capability to build and maintain relationships, both internally and externally, across functions and experience levels, and successfully embed and reinforce a strong compliance culture.
* Exceptional influencing skills and ability to manage through influence in a matrixed organization.
* Highly proficient analytical and writing skills, together with sound strategic and tactical understanding of the appropriate handling of procedural and process issues.
* Self-starter with ability to self-direct as needed.
* Proven problem-solving and change management skills.
* Data protection and exposure on policies and procedures on privacy.
* Privacy impact assessment, privacy governance model.
Working with Us Means
Whether you're passionate about customer service, driven by data, or called by creativity, a career here is for you. At Commonwealth Bank, we advocate and facilitate a culture of inclusion and respect, celebrating all cultures, abilities, genders, expressions of gender, and sexual orientation. Read more about our commitment to inclusion and diversity on our website.
Our people bring their diverse backgrounds and unique perspectives to build a respectful, inclusive, and flexible workplace. We are working hard to recruit people who represent the diversity of our customers and society. If you're excited about this opportunity but don't meet every single requirement, or your experience doesn't align perfectly, we still want to encourage you to send in your application. You may just be the perfect candidate for this opportunity or another within Commonwealth Bank.
At Commonwealth Bank, we will 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 of all, making a positive impact for customers, communities, and each other is part of our everyday work.
We're determined to make a real difference for Australia's first peoples. We encourage all interested applicants to apply.
We Are an Equal Opportunity Employer
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.
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