Director Financial Markets COO CBA Europe NV

About CBA N.V.:

Commonwealth Bank of Australia (Europe) N.V. (CBA N.V.) is a wholly owned subsidiary of Commonwealth Bank of Australia and serves as the Group's regulated European banking platform.

Headquartered in Amsterdam, CBA N.V. is authorised as a credit institution in the Netherlands and operates within the European regulatory framework applicable to banking and investment services. The entity is supervised by the European Central Bank (ECB) and De Nederlandsche Bank (DNB) and maintains its own governance, risk management and control framework consistent with European regulatory expectations.

CBA N.V. serves wholesale clients across the European Economic Area and acts as a strategic gateway supporting trade, investment and capital flows between Europe, Australia and New Zealand.

Institutional Banking & Markets (IB&M) provides corporate, institutional and government clients with financing, risk management and transaction banking solutions.

Within IB&M, Global Markets delivers client solutions across foreign exchange, interest rates, fixed income, commodities and related risk management products.

The European platform forms an important component of CBA's global Financial Markets franchise. The business operates within a highly interconnected global model, relying on close collaboration between teams located in Europe, Australia and offshore service centres.

The Financial Markets COO Europe will lead the operating framework that enables controlled growth and sustainable execution across the European Financial Markets platform.

This role is suited to an experienced COO, senior business management or transformation leader who combines Financial Markets knowledge with strong execution capability, operational leadership and control discipline.

The successful candidate will build strong partnerships across business, operations, technology, risk, compliance and support functions to ensure that growth is supported by effective governance, clear ownership and a scalable operating model.

• Act as principal execution partner to the Head of Global Markets Europe.
• Lead delivery of strategic initiatives, business priorities and regulatory programmes.
• Establish and continuously improve the operating model supporting Financial Markets activities across Europe.
• Drive operational efficiency, scalability and resilience across the business.

• Establish clear ownership and accountability across critical Financial Markets processes.
• Lead governance of outsourced and shared service arrangements.
• Build effective partnerships with Australia-based teams, offshore service centres and key support functions.
• Resolve recurring operational issues and strengthen service performance.

• Own Financial Markets Line 1 risk and control responsibilities across Europe.
• Ensure effective control design, execution and monitoring across business activities.
• Lead incident management, issue remediation and audit action delivery.
• Coordinate implementation of Australian and European regulatory and supervisory requirements.
• Promote a strong risk culture by reinforcing clear accountability, proactive risk ownership, disciplined execution and effective challenge across Financial Markets activities.

• Coordinate delivery across business, operations, technology, risk, compliance and finance functions.
• Influence outcomes across multiple jurisdictions, functions and reporting lines.
• Support engagement with regulators, auditors and key external stakeholders where required.

• Support business planning, budgeting, forecasting and resource management activities.
• Coordinate governance forums and management committees.
• Develop management information and performance reporting to support decision-making.
• Ensure alignment between local priorities and Group objectives.

• Significant experience (10+ years) in a Financial Markets COO, Business Management, Operations, Transformation or Controls leadership role within an international financial institution. Strong understanding of Financial Markets products and trade lifecycles.
• Strong understanding of Financial Markets products and trade lifecycles, including experience supporting Global Markets, Treasury, Trade Finance, Commodities or related businesses.
• Demonstrated experience leading business transformation, operating model redesign, strategic delivery initiatives and regulatory implementation programmes.
• Proven ownership of operational risk, controls, governance, audit remediation and Line 1 accountability within a regulated environment.
• Demonstrated ability to build trusted relationships and deliver outcomes across front office, operations, technology, finance, risk and compliance functions within complex global matrix organisations, including effective navigation of Line 1 and Line 2 responsibilities.
• Strong understanding of the European regulatory environment applicable to Financial Markets activities, including practical experience implementing requirements arising from MiFID II / MiFIR, EMIR, CRR / CRD and related supervisory expectations.

• Experience within International/European regulated banking entities, including engagement with regulators, supervisors and audit functions.
• Experience managing outsourced service arrangements, shared service models and offshore delivery teams.
• Experience operating across banking subsidiaries, branches and head-office structures.
• Prior experience within Commonwealth Bank of Australia, or a comparable global banking organisation with a highly distributed operating model.

The strongest candidates for this role typically combine:

• A proven delivery and execution mindset.
• Credible Financial Markets knowledge.
• Strong operational leadership and ownership capability.
• Practical Line 1 risk management and control experience.
• The ability to influence and deliver outcomes across complex global organisations.

The successful candidate will be pragmatic, collaborative and hands-on, capable of moving between strategic priorities and operational detail to achieve practical outcomes.