Colonial First State IT is the business unit in which your team is situated and is responsible for Line 1 IT Risk Management and Risk Strategy to the Colonial First State business. This role initially sits within the CBA Group Enterprise Services function, but will transition with the rest of the CFS IT team to become part of a standalone Colonial First State (CFS) business.
The Executive Manager, IT Risk & Compliance performs a key role in ensuring CFS IT services are effectively risk-controlled and aligned with regulatory frameworks. In this major risk role you will be responsible for driving significant change into both IT risk and IT service processes across a team of over 700 IT professionals. You will be accountable for compliance to GS007 and CPS 234 frameworks and for the ongoing risk requirements of a divesting business.
You will report to the Executive Manager of the Office of the Chief Technology Officer (OCTO).
Lead IT compliance, audit and risk activities to meet regulatory requirements (e.g. GS007 and CPS234); operational commitments; and divesting business outcomes
Alignment and efficiency between Enterprise Services risk and control processes, the GS007 audit and CPS 234 obligations;
Engage with key CFS stakeholders to provide information and support for APRA engagements;
Author Board Audit Risk Reports and other senior management risk reports;
Provide input into the annual review of the CFS Risk Appetite Statement, CFS Risk Management Strategy and associated metrics ensuring it is embedded across key business functions;
Support the annual review of Risk Management Declarations and FAR (formerly BEAR) requirements;
Drive material improvement in risk posture, culture and processes adopted within CFS IT including the simplification of existing process;
Lead multiple teams to orchestrate complex risk activities and drive successful outcomes;
Effectively manage C-suite and senior relationships across the organisation
Thorough knowledge of technologies relating to Cloud computing, Cyber Security, as a Service offerings and associated risk controls and taxonomy.
Previous experience in a senior capacity managing multiple Line 1 Risk teams
Proven track record of managing GS007 and regulatory compliance activities to positive outcomes.
Ability to develop working relationships across both CFS and the CBA
Strong ability to solve complex problems, drive and deliver outcomes
Strong verbal and written communication skills
Demonstrable stakeholder management experience & ability to engage and influence across multiple business and support area, including cross business unit senior leadership team, Executive Committee and Board level.
Proven capability in project management to implement initiatives, drive change programs and ‘get things done’.
Your path looks like
If you live the values and demonstrate the people capabilities we can offer great opportunities. Whether you want to move across the organisation or up into a leadership role, the way you live the values and demonstrate the people capabilities are key. Use the capabilities required for this role as a guide to the critical skills and behaviours you need for your next move
The Colonial First State business has undergone, and will continue to undergo, significant change and provide future opportunities for personal development and growth.
CBA has entered into an agreement with KKR to sell a 55% interest in its CFS superannuation and investments business for total cash consideration of $1.7billion (implying a total valuation of $3.3billion). CBA will retain a 45% shareholding in CFS.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies.
The sale is expected to complete in the first half of 2021. As this is a role to work in the CFS business, the successful candidate will initially be employed by the CBA Group but on sale completion, their employment will transfer to a new entity that will employ the CFS business employees from completion.
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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