Senior Manager Operational Risk (12 Month role)

This role is a 12 month role- (12 month Secondment for Internals, and 12 month Fixed-term role for Externals)

See yourself in our team:

Risk Management (RM) is responsible for developing and communicating CBA’s risk management frameworks to allow CBA to take conscious exposures to credit, market, operational, compliance and insurance risks within the approved risk appetite.

RM has policy teams that specialise in the different risk types as well as business unit risk teams to provide oversight. These areas collaborate with each other and specific areas within CBA to implement the Risk Management frameworks.

This team provides Line 2 oversight for the Group Support Units (GSU) and does execution, advisory, acceptance and approval of Operational Risk, Compliance and Assurance activities.

The GSU include Marketing, Corporate Affairs, Finance, Property, HR, Strategy, Mergers Acquisitions and Divestments, Legal, Group Secretariat, Speak-Up, Environmental and Social, Customer Advocate and Risk Management.

Do work that matters:

As Senior Manager, Operational Risk, you will be responsible for ensuring that all GSU business activities, transactions and processes are conducted in accordance with the Operational and Compliance Risk Management Frameworks (ORMF & CRMF).

Your day could look like but not limited to:

• Contribute to the design, implementation and on-going improvement of risk management and compliance frameworks aligned to the Group’s Risk Appetite and Risk Management Strategy.

• Acting as a Trusted Advisor to ensure the business understands and is able to appropriately apply the risk management and compliance strategies including the identification and management of key risks and controls.

• Oversight and approval as required for issue and incident management including the correct identification and remediation of root cause and continuous improvement of business processes.

• Assisting the business to achieve compliance with Group Policy, legislative and regulatory requirements.

• Managing key stakeholder relationships.

• Regular reporting to the business on current risk items and compliance with the frameworks.

• Providing independent review & challenge on all components of the risk management framework including targeted assurance as required.

We're interested in hearing from people who have:

• The ability to hit the ground running as a proven Senior Manager.

• Extensive experience in Operational Risk within a complex environment, with a professional services or financial services background being highly desirable.

• Sound knowledge of Operational and Compliance risk management tools & techniques (including assurance, governance and reporting).

• A proven track record in influencing and building trusted relationships with multiple and complex stakeholders.

• Ability to demonstrate independence, provide oversight and challenge on risk-related decisions and processes.

• Ability to deal with ambiguity and an ever-changing regulatory environment.

• Teamwork focus with excellence in driving results and delivering customer satisfaction.

If you are an experienced professional with a desire to take on complex work/projects then we would love to hear from you!

Working at CommBank

At CommBank, we’re committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. We support our people with the flexibility to balance where work is done with at least half their time each month connecting in office.

Advertising End Date: 18/01/2025