Operational Risk Manager - 12 month opportunity

Operational Risk Manager - 12 month opportunity

Do work that matters:

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.

The Operational Risk & Compliance - Group Support Units (GSU) team provides independent review and challenge of Operational Risk and Compliance activities within the Group’s Support Units - Human Resources, Marketing and Corporate Affairs, Legal and Group Secretariat, Financial Services, Group Strategy and Risk Management Support Units.

See yourself in the team:

As a Risk Manager, you will support the Senior Manager and Executive Manager to embed and monitor adherence with the Operational and Compliance Risk Management Frameworks (ORMF and CRMF). Your main focus will be to support operational risk and assurance activities across GSF, working with Line 1 and other Line 2 risk teams to ensure there is adequate implementation, management and oversight over the Group’s Frameworks.

Your day could look like but not limited to:

Supporting operational and compliance risk management activities such as assessment of risks, controls, issues and incidents, with a focus on providing relevant insights linked to key business initiatives and key risks;
Having a pragmatic approach and exercising judgment to ensure compliance with the ORMF and CRMF while maximising the benefit for the business and customers;
Providing a ‘bigger picture’ as to how risk activities support the business in achieving its strategy;
Applying industry and business knowledge to proactively identify and pursue meaningful risk activity;
Performing ‘deep dives’ and other reviews to provide assurance and an independent Line 2 opinion on risk and compliance management;
Reporting on risk exposures in the preparation of reporting for Non-Financial Risk Committees or other risk reporting as needed;
Building strong working relationships with Group functions, Line 1 risk and business stakeholders.
What successful candidates will look like?

We work in an outcomes driven environment, where the emphasis is on great team-work to achieve results. Ideally you will bring experience with knowledge of risk and compliance, gained within financial services. You will also be able to demonstrate strong stakeholder management and critical thinking capabilities, with the ability to apply judgment to achieve pragmatic outcomes.

We're interested in hearing from people who have:

Risk management experience in banking or professional services;
Sound knowledge of operational and compliance risk management frameworks, tools and techniques;
Good understanding of key business processes and internal controls;
Demonstrated experience in monitoring/assurance activities;
A demonstrated self-starter with the ability to adapt to changing business requirements.
Flexibility in adapting the level of detail in work, verbal and written communication to the relevant stakeholders;
Experience in managing multiple stakeholders, including a bility to influence and communicate effectively with stakeholders.
Teamwork focus with excellence in driving results and delivering customer satisfaction.
Working at CommBank

At CommBank, we support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you’re interested in.

If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), 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: 08/05/2025