Manager Compliance Assurance and Monitoring

Do work that matters

Retail Banking Services (RBS) is the public face of CommBank, delivering a seamless banking experience for the future, to our 10 million + personal and small business customers. We offer market-leading products and services, supported by some of the world’s best systems and processes.

RBS Risk Management is responsible for managing the Retail Bank’s overall risk portfolio, ensuring RBS has appropriate strategies and frameworks in place to assess, manage and report on credit, market, operational, compliance and insurance risks.

We are also responsible for designing, developing, implementing and continually reviewing Decisioning Solutions, Policies and Procedures and provide Operational Risk and Compliance advice to manage Business Risk for the Retail Bank.

See yourself in our team

RBS Compliance sits within the broader Group Risk Management division within CommBank, with a dotted reporting line through to the RBS Chief Risk Officer. The RBS Compliance Team consists of Regulatory Engagement, Regulatory Change, Incident and Issue Management, Compliance Advisory, and a Framework and Assurance team. RBS also includes the Bankwest brand.

This role sits within the Framework and Assurance team. We are open to the role being based in Sydney or Perth.

In any given week you will be responsible for:

• Developing and executing advisory and deep dive reviews to identify areas where we could improve the compliance with our obligations, then working with business stakeholders to design solutions that meet our compliance and business requirements.
• Maintaining a detailed understanding of RBS’s business and risk profile and advise on areas of assurance and controls testing.
• Supporting the EM Compliance Assurance across stakeholder management engagement with Group Compliance and RBS stakeholders.
• Preparing reports and presenting insights which will effectively call others to action the enhancement of our compliance with our obligations and internal compliance frameworks.

Your path looks like

This role offers the opportunity to gain experience in a very high profile team driving enhancements in a key area of focus and external scrutiny. It also includes opportunities to follow all external regulatory change agenda and work with a range of business stakeholders to implement any change. The high profile nature of the work provides exposure to senior leaders and insights into business strategy. The role ideally suits those wishing to move into banking with a Big 4 assurance or risk consulting background.

We are interested in hearing from people who possess:

• Experience in assurance roles preferred, such as Big4 audit, risk assurance or consulting, in-house internal audit, and/or Line 2 assurance. Ideally suited to experienced consultants/accountants or senior consultants/accountants.
• Knowledge of financial services law and practice pertaining to retail banking services is desired but not required, however a continued interest in learning is required.
• Excellent commercial acumen and understanding of retail banking processes and products is desired.
• Experience working with senior business leaders in managing issues/control gaps is preferable.
• Good judgement capability, and an ability to make sound decisions in a timely manner using a variety of information.
• Excellent influencing, negotiation, and stakeholder management skills and the ability to inspire others to action.
• Excellent written and verbal communication skills, with the ability to produce a wide range of communications, including senior facing reports.
• Ability to constructively challenge peers and stakeholders to ensure that RBS meet regulatory obligations and remain within risk appetite.
• The ability to analyse data to identify issues and communicate concerns.

Working at CommBank

At CommBank, we’re committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. As a value’s driven organisation, we nurture and support our people, through focusing on skill and talent development, collaboration, flexibility and internal promotion. With service in mind at every touch point, we take accountability for the role we play in securing and enhancing the financial wellbeing of people, businesses and communities.