Job Description

OVERALL PURPOSE OF JOB The Risk and Controls Enablement team is responsible for ensuring that new and changing processes are assessed, awareness is raised and risk mitigations are in place. They achieve this through the effective design & implementation of controls to enable compliance and supporting the business through new and changing processes. RESPONSIBILITIES/ACCOUNTABILITIES Adhere to the . The Code of Conduct sets the standards of behaviour, actions and decisions we expect from our people. Responsible for the design and implementation / support the business to design and implement controls to enable better risk and compliance outcomes Identify, lead and manage the continuous improvement of the business control environment by using data to generate insights and reports Identify delivered risks from changes to products, processes, technology, new or modified third party or outsourced supplier arrangements, and the organization, which affect our customers and stakeholders. Perform RiC assessments in accordance with the RiC standard and procedure. Manage root cause analysis of issues and incidents, identifying and implementing control improvements Responsible for the effective design of controls for all new and changing processes and operations, and support the business through the implementation Identify, initiate and manage actions to mitigate risks and to strengthen controls, including issues identified through audits and other external processes Assessment of compliance with applicable regulatory obligations relating to the use of technology services and third parties. Responsible for data quality in/maintain various databases (including RiskInSite) and monthly management reporting Contribute to a proactive risk and control culture and collaborate with the business Provide support for Senior Manager, Risk and Control Enablement and Risk in Change for Corporate Services and Operations Technology. Responsible for ensuring risks are profiled and captured in the Risk Profile (RCSA) and updated when risk trigger events occur Responsible for ensuring the correct risk and controls overlay the end to end process mapping and documentation management to support the control process Work effectively with Line 2 colleagues to determine optimal course of action to remediate any significant data integrity issues within the BU. PEOPLE KNOWLEDGE Ability to work with cross functional teams present in India and Australia. Sufficient experience or specialized knowledge to allow application/modification of existing methods and systems on own initiative in line with business context Facilitation skills , People leadership skills, including coaching and guiding others SKILLSET Competency Name Description Proficiency Level Risk Mindset All CommBank employees are expected to proactively identify and understand, openly discusses and act on current and future risks Skilled(S) Ability to analyse Assess & identify risks and opportunities and recommend appropriate actions Skilled(S) Influencing and consulting skills the ability to build relationships with stakeholders at all levels Experienced (E) Written and verbal communication Strong written and verbal communication skills Experienced (E) Critical and analytical Ability to think critically and analytically and use data driven insights to solve problems Experienced (E) Risk and Control Self-Assessment Enable the business to assess and identify inherent risks and develop key controls, identify inadequate controls and issues Experienced (E) Strategy, Appetite, Framework and Policy Manage the risk strategy, appetite, framework and policy to support Compliance and Operational Risk management Experienced (E) People People leadership skills, including facilitation skill, coaching and guiding others Experienced(E) Licensing and Obligations Ensure the Bank\'s licensing and regulatory obligations are properly identified, managed and complied with Skilled(S) Monitoring, Assurance and Testing Monitor and manage the implementation of effective risk management practices, develop and maintain adequate tools and guidance to enable the business to monitor and manage its risk profile, and test the design and effectiveness of controls Skilled(S) Issues and Incidents Ensure Compliance and Operational Risk issues and incidents are identified managed Skilled(S) QUALIFICATIONS: Education & Experience 7-9 years\' experience in banking/financial services/other relevant experience and/or Minimum 5 years\' experience in Operational Risk management roles Control design experience would be advantageous Tertiary qualifications in risk management, finance, accounting or related field Proficiency Level Definition Trained(T) - Attended a training course on this skill and/or has had brief exposure to this skill. - Uses basic terminology in regard to the skill. - Recognizes and/or articulates basic concepts, facts, methods, techniques in day-to-day work experiences. Experienced (E) - Moderate exposure to this skill and related work experiences. - Can assist other team members with questions and problems related to this skill - Applies skill (at basic level to work situations, with some guidance. Skilled(S) - Extensive exposure to this skill and related work experiences. - Applies skill (at advanced level) to work situations with medium complexity, with little or no guidance. - May train and/or direct the work of others in application of skill. Expert(X) - Regarded as a centre wide resource on this skill. - Applies detailed knowledge and skills to complex (or new) work situations in multiple settings. - Trains and/or directs work of other in complex facts, methods, and techniques related to the skill. If you\'re already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you\'ll need to apply through to submit a valid application. We\'re keen to support you with the next step in your career. We\'re aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696. Advertising End Date: 22/10/2023

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