Risk and Controls Manager Line 1

Financial Services (FS) partners with all areas of CommBank to provide specialist advice on financial management and strategy. This advice covers finance, audit, treasury, investor relations, environmental, property and procurement. The FS Line 1 Risk Oversight (FS L1RO) team governs and supports the lines of business within Financial Services in achieving excellence in risk management and operating an effective control environment. FS L1RO aims to achieve a demonstrable uplift in risk management and controls activities across Financial Services.

Do work that matters 
This role reports directly to the Executive Manager Risk & Controls Line 1. Your role is to support the FS L1RO team in providing robust oversight, governance, and management of non-financial risks and controls within Financial Services. You’ll be responsible for driving consistency, simplicity and efficiency into the risk reporting and governance processes. You will engage and influence a broad range of stakeholders to uplift risk capability across FS. This is a broad and dynamic role where the ability to engage a large and varied stakeholder group and translate policy into practice is a critical success factor.

 
See yourself in our team 
This role is wide reaching which includes, however not limited, to the following:

• Responsible for preparing risk reporting for FS non-financial risk committees and forums, ensuring that high-quality, relevant and consistent information is provided to oversee and manage operational and compliance risk and to facilitate decision-making
• Apply experience and knowledge to identify opportunities for improvement in risk reporting processes including automation, and drive uplift design and implementation
• Responsible for the design and implementation / support the business to design and implement controls
• Responsible for ensuring risks are profiled and captured in the Risk Profile (RCSA) and update when risk trigger events occur
• Manage root cause analysis of issues and incidents, identifying and implementing control improvements
• Conduct and manage Control Assurance Program (CAP) testing, including the development of test scripts, and report on assurance findings
• Prepare information to support the strategic planning process and conduct analysis, tracking and reporting on the Risk Appetite Statement (RAS)
• Administer governance forums, including preparation, minuting and action management
• Participate in Group wide working groups for improving the risk and control environment, with a view to manage impacts and positively influence outcomes for FS

We’re interested in hearing from people who will aspire to  

• Self-driven, proactive and able to work independently
• Ability to analyse/identify risks and opportunities then recommend appropriate actions and controls
• Facilitation, influencing and consulting skills, the ability to build relationships with stakeholders at all levels
• Ability to navigate ambiguity and apply professional judgement
• Strong written and verbal communication skills
• Strong problem solving and analytical skills
• Proven ability to lead change and process improvement
• Experience in finance or accounting
• Some technical knowledge and prior experience in operational risk and compliance preferred
• Tertiary Qualifications – hold a tertiary qualification in accounting, finance, or an equivalent business-related discipline
• Accounting qualification – CPA or CA