The Role
Support Controls Excellence by conducting design and operating effectiveness testing per the Controls Assessment Program; plan and schedule control testing; recommend, design and build fit‑for‑purpose controls; monitor and resolve data quality exceptions; drive automation, rationalisation, and continuous monitoring while engaging stakeholders across Business Banking.
Summary Generated by Built In
- Two opportunities available – Join our Controls Excellence team in either a permanent role or a 12-month max-term contract/secondment and help strengthen Business Banking's risk and control environment.
- Make a real impact – Influence how controls are designed, tested, automated and monitored across one of Australia's largest business banking franchises.
- Develop highly sought-after risk skills – Gain exposure to senior stakeholders, strategic risk initiatives, data-driven controls, and continuous improvement programs that shape the future of Business Banking.
The Team
We currently have two exciting opportunities available within our Controls Excellence team:
- Permanent Full-Time Analyst position, replacing a team member who has recently progressed through an internal promotion.
- 12-Month Max-Term Contract / Secondment Analyst opportunity, providing exposure to a broad range of risk and controls initiatives across Business Banking.
The Business Banking Central Controls Office (CCO) focus is on driving simpler and better risk and regulatory outcomes through provision of transparency, consistency and insight to our Business Banking divisions. We do this through robust Governance practices, the application of Frameworks and Policy in a consistent manner across BB and via centres of excellence where specialised resources are required for targeted risk focus areas.
The Controls Excellence function in the BB CCO is responsible for supporting all Lines of Business in improving the strength of our control environment, through automation and rigorous testing. The Controls Assurance team is responsible for ensuring that we have a current and accurate view of the health of our control environment by performing control testing on behalf of the business.
Do work that matters
This role will support the BB CCO Controls Excellence Team to increase the strength and efficiency of BB’s control environment through control testing, automation, rationalisation and continuous monitoring. As trusted partners of Business Banking, we will collaboratively find innovative solutions to drive the most efficient controls environment across BB.
Your Impact
Working with our Manager Risk and Control Advisory and Delivery, as an Analyst you’ll be responsible for:
- Conduct design and operating effectiveness testing in line with the Group’s Controls Assessment Program (CAP)
- Assist in planning and scheduling the controls testing program to ensure accurate representation of Business Banking Risk Profiles
- Recommend, design, and build fit-for-purpose controls to uplift the risk and controls environment
- Monitor and resolve data quality exceptions related to controls
We’re interested in hearing from people who have
- Experience in banking, financial services, or operational risk management (Business Banking or Big 4 experience highly regarded)
- Strong written and verbal communication skills, with the ability to think critically and analytically
- A data-driven approach to problem solving and risk identification
- The ability to influence and build relationships across all levels of the organisation
Risk and Controls Analyst
- The role is putting the customer at the centre of our risk decisions.
- We are an outcomes focused team.
- You have an eye for detail.
Working with us
Whether you’re passionate about customer service, driven by data, or called by creativity, a career with CommBank is for you. Our people bring their diverse backgrounds and unique perspectives to build a respectful, inclusive, and flexible workplace with flexible work locations. One where we’re driven by our values, and supported to share ideas, initiatives, and energy. One where making a positive impact for customers, communities and each other is part of our every day.
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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Skills Required
- Experience in banking, financial services, or operational risk management
- Experience conducting control design and operating effectiveness testing (Controls Assessment Program)
- Ability to plan and schedule controls testing programs
- Ability to recommend, design and build fit-for-purpose controls
- Experience monitoring and resolving data quality exceptions
- Strong written and verbal communication, critical and analytical thinking
- Data-driven approach to problem solving and risk identification
- Ability to influence and build relationships across all organisational levels
- Business Banking or Big Four experience
- Attention to detail and outcomes focus
Commonwealth Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Commonwealth Bank and has not been reviewed or approved by Commonwealth Bank.
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Leave & Time Off Breadth — The bank offers additional Life Leave, the option to purchase up to four extra weeks, pet leave, and paid volunteering leave alongside flexible-working options. Public materials indicate these leave features compare well within Australian banking.
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Parental & Family Support — Permanent employees can access up to 18 weeks of paid parental leave, and superannuation is paid for up to 34 weeks of unpaid parental leave. These provisions extend support for new parents beyond standard settings.
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Wellbeing & Lifestyle Benefits — Access includes CBHS Health Fund, Fitness Passport, a 24/7 wellbeing platform with telehealth, an Employee Assistance Program, and employer‑paid income protection for up to two years, alongside staff banking perks and share plans. This combination provides day‑to‑day value across health, protection, and financial perks.
Commonwealth Bank Insights
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The Company
What We Do
Australia’s leading provider of financial services including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services. We are a business with more than 800,000 shareholders and over 52,000 employees. We offer a full range of financial services to help all Australians build and manage their finances.
