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Senior Manager Compliance

Commonwealth Bank - Risk Management

Job Description

Job description

Do work that matters:

Risk Management and Compliance is responsible for developing and deploying the compliance frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance, technology and insurance risks within a Board-approved risk appetite.

Wealth, DCEO and Program Delivery (WDP) provides risk management to the Wealth Management, DCEO and Program Delivery businesses of CBA.

WDP Compliance sits within WDP but also operates within the broader Group Risk Management function. WDP Compliance aims to significantly reduce or remove the potential for WDP and its staff to be exposed to harm arising from compliance breaches. WDP Line 2 also helps protect WDP from the risk of loss resulting from inadequate or failed internal processes, people and systems, or external events. It includes legal, regulatory, fraud, business continuity and technology risks but excludes strategic and reputational risks.

Your role:

The Senior Manager, Compliance will review, support and advise the business and L2 teams on key compliance framework, policy and obligation matters (including framework application). WDP is looking for a dynamic individual who will play a crucial role in assuring and uplifting of the Group's compliance with its framework and relevant regulations. This is a role that provides a fantastic opportunity to make a difference by driving the uplift of Compliance Risk Management, particularly including application of the CBA Group Compliance Frameworks.

Some key responsibilities:

Compliance Management:

  • Promoting, supporting the application of, and/or implementing the Group's compliance framework
  • Act as the liaison point between Group Compliance and business facing Line 2 Compliance and Risk Teams for Framework and policy discussions, advocacy and implementation.

Licensing and Reporting:

  • Provide support, guidance, monitoring and reporting for Licensing obligations for WDP entities.
  • Prepare insightful Compliance reports for board and risk committees
  • Utilise data to identify framework uplift opportunities across the Wealth Horizontal

Compliance and Obligations:

  • Collaborate with the Group to ensure WDP Obligations are fit for purpose and accurately defined
  • Scan and monitor regulatory change to ensure new obligations are accurately captured
  • Engage in Regulatory Change discussions and ensure relevant Obligations are amended or added as appropriate.

We're interested in hearing from people who have:

  • Extensive experience in compliance for a financial services firm
  • Ability to manage multiple and complex stakeholders
  • Experience in conducting monitoring activities and assurance reviews
  • Experience in the assessment and management of Compliance Incidents
  • Ability to demonstrate independence, provide oversight and challenge management on decisions regarding strategy and compliance
  • Self starter with the ability to self direct as needed

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.

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.