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The Commonwealth Bank of Australia (Bank) is Australia's leading provider of integrated financial services. They are committed to continuously improving governance practices and ensuring that they are aligned with business, stakeholders and customers' needs. Group Audit and Assurance (GA&A) are the internal audit function for the Group. Their primary purpose is to provide independent and objective assurance of the effectiveness of the Groups risk management, controls and governance processes.
Evolving customer expectations, competitive threats and pace of change require GA&A to support the business with new insights and risk coverage that puts customers first and to continue to provide insightful assurance to the Board. As digital technology disrupts and transforms entire industries and ways of working, GA&A is committed to keeping pace and continually reimagining themselves with the latest global best technology and innovation.
Over the last three years GA&A has increasingly embedded digital assurance into audit activities, injecting Artificial Intelligence (AI) into routine control testing and using digital tools to improve the overall experience for employees.
GA&A have increased focus on high value judgement-based activities through assurance and advisory that create better risk coverage across the Bank for all Three Lines of Accountability.
With global-best digital tools that harness the power of data, analytics and AI, GA&A are delivering smarter, faster and safer outcomes to address current and emerging risks and provide better assurance outcomes for our customers and community. GA&A was recognised as an ABA100 winner for both Risk Management and Business Innovation in The Australian Business Awards 2023.
See yourself in our team
Business Banking & DECO team is responsible for auditing CBA's Business Banking customer facing segment portfolio which includes Small Business Banking, Commercial Banking, Regional & Agribusiness Banking; and Major Client Group.
The team also provides assurance over the office of Deputy CEO which includes Customer & Community Advocacy, Colonial First State, International Financial services, Mergers & Acquisitions; and Investigations and BEAR
The team leverages data analytics to enhance and expand audit processes to provide greater assurance. To achieve this, we utilise a broad range of tools including SQL, Tableau and other specialised tools.
Do work that matters
- Assist the EM in building a dynamic, risk-based Audit Plan and to appropriately capture key and emerging risks.
- In line with the CBA Internal Audit Methodology, oversee effective and efficient assurance to enable complete and collaborative delivery of the Business Banking & DCEO Audit Plan and the overall CBA & BW GA&A Plan.
- Deliver assigned scope areas or audits in line with department expected standards and timeframes as well administer audits within the audit electronic workflow system, RiskInSite, including documentation, key date fields, audit status and approval of key audit stage-gates, as required.
- Draft issues and agree factual accuracy and ratings with the Team Leader and the customer.
- Support the Quality Assurance (QA) Program as required, including timely and effective delivery of QA file reviews and address feedback quickly and effectively.
- Use analytics and AI technology during audits/reviews, to drive audit efficiency and deeper insights (i.e. analytics lead-in reviews and KRI monitoring to drive audit scope and targeted audit testing).
We're interested in hearing from people who possess
- Prior experience in a Risk or Internal Audit role covering Business Banking and Retail Equity Trading functions. Applicants with strong Business experience in these areas will also be considered.
- Strong understanding of the Operational, Credit, Market and Regulatory risks associated with these businesses.
- Demonstrated ability in building strong customer relationships based on credibility, rapport and trust.
- Strong verbal and written communication.
- Demonstrated ability in deriving commercial insights.
- Relevant internationally recognised auditing or professional accounting qualifications and experience with SQL or Tableau preferred
If this is your next challenge, APPLY NOW!
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: 14/02/2024
