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Senior Manager Supplier Risk

Commonwealth Bank

Job Description


At CommBank, we never lose sight of the role we play in other people’s financial wellbeing. Our focus is to help people and businesses move forward, to progress. To make the right financial decisions and achieve their dreams, targets and aspirations. Regardless of where you work within our organisation, your initiative, talent, ideas and energy all contribute to the impact that we can make with our work. Together we can achieve great things.

Do work that matters

CommBank is recognised as leading the industry in IT and operations with its world-class platforms and processes, agile IT infrastructure, and innovation in everything from payments to internet banking and mobile apps.

See yourself in our team

The Group Supplier Risk & Advisory (GSRA) team is currently responsible for supporting supplier risk management in all business units across the Group for High risk suppliers. The GSRA remit covers optimising management of supplier risk, keeping the Group safe and within supplier risk appetite, whilst enabling agility and business performance.

This is a permanent role based in Sydney. We also offer remote working and a flexible workplace.

In any given week your responsibilities may include to:

The purpose of the Supplier Risk component of this role is to assess, develop and enhance the management of risk in supplier arrangements used by Enterprise Services and the broader Group.

You will be responsible for ensuring that the risk management activities and controls relating to suppliers meets the Group’s internal requirements and external regulations (including the Operational Risk Management Framework, Compliance Risk Management Framework and the Group’s Risk Appetite Statements, and CPS231 and equivalent standards).

Specific responsibilities:

  • Active involvement and participation in the enhancement of the supplier risk management framework and associated compliance obligations within Enterprises Services and the Group
  • Identify, monitor and provide inputs for the reporting of third party supplier risks at an ES and Group level and provide guidance to the risk treatment of any supplier related risk issues
  • Scope, plan, deliver and report risk assessment activity over supplier arrangements with the intent to identify, measure, mitigate and report key risks. Note that the ability to travel in order to facilitate risk assessments at current and future off-shore locations is a pre-requisite
  • Maintain Risk Profiles/ Risk & Control Self Assessments for key suppliers within ES
  • Assist in the planning and delivery of the supplier Control Assurance Program
  • Ensure that third parties engaged by the Group are operating within the Group's approved Risk Appetite
  • Assess and make recommendations in relation to the identification and acceptance of operational risks in outsourced and/or offshored suppliers
  • Facilitate supplier risk governance meetings, and participate in broader Supplier governance activities as it pertains to Supplier risk

We're interested in hearing from people who:

  • Working understanding of banking, investment and insurance products and processes.
  • Demonstrated expertise in Technology Risk Management, Operational Risk Management, Supplier Risk Management and IT Audit experience / Management of, and application of controls and controls assurance/testing
  • Advanced understanding and application of Incident and Issue management processes
  • 4 years’ work experience in financial services and 4 years in operational/ technology risk with proven supplier risk experience
  • Procurement, offshoring, outsourcing, Risk in Change, Supplier Governance experience, Supplier Contract Terms
  • Experience in review of change programs and projects with a strong understanding of both delivery and delivered risk principles
  • Sound understanding of information security management, Privacy legislation, ITIL, IT service continuity, IT disaster recovery, business continuity management, and third party control assurance
  • Sound understanding in dealing with regulatory and compliance issues within a major financial institution, audit firm or other major company
  • Ability to analyse trends, identify critical threats and opportunities, diagnose problems and issues and recommend appropriate actions
  • Have a passion for Supplier and technology risk and remain up to date on the latest emerging industry trends and disruptive technologies
  • CA or CPA degree or any relevant tertiary qualifications in finance or risk management preferred

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: 03/12/2021