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Credit Risk Team Leader

Commonwealth Bank of Australia

Job Description

12 month max term opportunity


About the role

Risk Management is responsible for developing the risk frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance and insurance risks within a Board-approved appetite. It ensures the Group has appropriate strategies and frameworks in place to assess, manage and report on credit, market, operational, compliance and insurance risks. It does 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.

  • 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.

  • Managing the Group’s Troublesome and Impaired Asset (TIA) portfolio.

Your team

Risk Management has policy teams that specialize in credit, market, operational, compliance and insurance risks as well as business unit facing teams. These areas collaborate with each other and specific areas within the Group to implement the Risk Management frameworks.

The GLEM Program (Group-wide Limits and Exposure Management) is responsible for replacing IB&M, Group Treasury’s and BB’s CRLS & C-SPARQ derivative management systems, to provide a solution for Group Wide Aggregation and a strategic solution for APS 221.  GLEM is a multi-year ELT funded Agile program. 

Your core responsibilities include:

The role of Corporate Structure SME is a one-year Fixed Term Agreement role and will report directly to the Financial Risk Domain Lead / GLEM Program Director 

  • Leading a team of high performing analysts to review and remediate customer entity structures required for credit exposure aggregation of non-retail credit customers

  • Coach and develop Analysts in building their customer entity strucutre acumen, policy and risk appetite adherence

  • Review and manage customer entity structures to meet credit aggregation needs and ensure performance standards are achieved.

  • Drive a zero defect culture that enables key Credit Risk outcomes

  • Develop and lead a culture of data quality ownership; proactively identify customer entity structure inconsistencies and execute mitigating procedure

  • Provide technical expert risk advice to assist in the completion and timely delivery of the customer entity structure remediation Improving the governance ,the recommendation of controls, and preparation or advise on documentation for customer entity structure maintenance

  • Advise senior risk management as appropriate

What we are looking for

  • Demonstrable experience in either Financial Crimes Compliance, Know Your Customer, or Customer Legal Entity structure data maintenance

  • High levels of resilience and personal integrity, with strong interpersonal, collaboration, influencing and negotiating skills

  • Strong organisational and time management skills with ability to act with high levels of autonomy

  • Advanced written communication skills with excellent attention to detail

  • Proven ability to shape poorly defined problems using creative and critical thinking

  • Ability to identify opportunities to strategically transform legacy data challenges

  • 5 + years financial services experience desirable, but not essential

  • Risk Mindset –All CommBank employees are expected to proactively identify and understand, openly discuss and act on current and future risks.

The health and safety of our people, customers and communities is our number one priority. This means that we require all of our employees to be fully vaccinated against COVID-19. Please speak to us if you have any questions about this based on your individual circumstances.

If you're already part of the Commonwealth Bank Group (including Bankwest), 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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Advertising End Date: 12/05/2022