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Manager Risk and Control Advisory and Delivery

Commonwealth Bank - Risk Management

Job Description

  • Permanent Full Time Opportunity
  • Maintain an effective risk management framework and ensure compliance with the Group's mandated frameworks

See yourself in the team

You will be joining the Everyday Business Banking (EBB) Customer and Risk Team within Business Banking (BB). EBB delivers reliable and innovative solutions that support Business Customers ranging from Small Business through to Institutional Clients.

The Customer and Risk Team partners with EBB Product teams to meet their strategic objectives whilst maintaining exceptional customer and risk outcomes.

This role is responsible for supporting the Growth and Better Business (GBB) and Commercial Deposits (CD) Business understand, assess and mitigate risks in the end-to-end delivery of their products and services.

Do work that matters

Reporting to the Senior Manager Risk and Control Advisory and Delivery, you will provide an end to end risk and control service, including the effective design & implementation of controls, ensuring the operational risk & compliance frameworks are effectively implemented in their BU's and also ensuring each BU LT has the right level of comfort and governance within their risk environment. You will also triage risk in change initiatives, provide a risk opinions whilst maintaining an effective risk management framework.

More specifically you will

  • Prepare information to support the strategic planning process and conduct analysis, tracking and reporting on the Risk Appetite Statement (RAS)
  • Work effectively with Line 2 colleagues to determine optimal course of action to remediate any significant data integrity issues within the BU/SU
  • Effectively design controls for all new and changing processes and operations, and support the business through the implementation
  • Design and implement / support the business to design and implement controls and develop process maps to enable better risk and compliance outcomes
  • Manage root cause analysis of issues and incidents, identifying and implementing control improvements
  • Report on operational risk and control profiles, issues, incidents and other matters
  • Identify, lead and manage continuous improvement of the business control environment by using data to generate insights
  • Ensure risks are profiled and captured in the Risk Profile (RCSA) and update when risk trigger events occur.
  • Conduct and manage Control Assurance Program (CAP) testing, including the development of test scripts, and report on assurance findings
  • Manage the Risk in Change (RiC) framework, whilst ensuring the control environment is maintained
  • Adhere to the Code of Conduct. The Code of Conduct sets the standards of behaviour, actions and decisions we expect from our people.



We want to hear from you if you have

  • Demonstrable experience from working within a risk management or controls focused role, within banking / financial services
  • Understanding of risk mitigation strategies
  • Ability to partner with the business to understand risk as an enabler for growth and success
  • Sound hypothesis-driven, analytical problem solving
  • Risk Mindset -All CommBank employees are expected to proactively identify and understand, openly discuss and act on current and future risks

Your Career:

If you live the values we can offer great opportunities, whether you want to move across the organisation or up into a leadership role, the Code of Conduct guides our decision making so we can do what's right in every situation

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.

Whether you're passionate about customer service, driven by data, or called by creativity, a career here is for you.

Our people bring their diverse backgrounds and unique perspectives to build a respectful, inclusive and flexible workplace. One where we're driven by our values, and supported to share ideas, initiatives, and energy. One where making a positive impact for customers, communities and each other is part of our every day.

Here, you'll thrive. You'll be supported when faced with challenges, and empowered to tackle new opportunities. We really love working here, and we think you will too.

We're determined to make a real difference for Australia's first peoples. We encourage all interested applicants to apply. If you're already part of the Commonwealth Bank Group (including Bankwest), you'll need to apply through Sidekick [link removed] to submit a valid application. We're keen to support you with the next step in your career.