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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.
By reducing administrative overhead, GA&A have increased their teams capacity for high value judgement-based activities and expanded their support to include sharing knowledge and tools that create better risk coverage across the Bank for all Three Lines of Assurance. 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
The Wholesale Credit Risk Audit team focuses on the Credit Risks within the wholesale (IB&M and Business Banking). As an Audit Manager for Wholesale Credit Risk (WCR), you will provide objective assurance on Credit Risk management including segment portfolio management and work closely together with the business audit teams to ensure adequate coverage is provided. You will also liaise with Line 2 for audit delivery and business monitoring.
The teams will add value through:
- Delivering a professional and highly valued audit service to the business
- Providing objective assurance on risk management to key customers (e.g. Group Executives and their leadership teams) to secure the financial wellbeing of the Bank’s customers
- Provide commercial insights as part of high quality audit reports, which can help customers in their business
This is a 12 month contract role.
Do work that matters
- Support SAM and EM in building and delivering a dynamic, risk-based assurance for the Wholesale (Institutional Banking and Business Banking) Credit Risk audit team.
- Effectively support, supervise and deliver assigned scope areas of the audit from Planning, Fieldwork, Reporting, and through to audit closure including administration of key audit stage-gates in the audit workflow system
- Draft issues and agree factual accuracy and ratings with the Team Leader and the stakeholders, as well support the Executive Manager in preparing simple, pragmatic and easy to read audit reports and issue logs
- Adherence to audit methodology and QA Program, including timely and effective delivery of Quality Assurance file reviews and ensure any feedback is quickly and effectively addressed
- Create and develop independent and objective relationships within GA&A, the bank and externally to enable effective knowledge sharing and collaboration
We’re interested in hearing from people who possess
- Extensive understanding and experience in Credit Risk management (Line 1 or 2); or internal/external audit
- Knowledge of Credit Risk governance, frameworks and models, the associated regulatory environment (Australia or overseas) and the controls to mitigate these risks
- Highly collaborative with proven record of driving strategic outcomes
- Strong communication (written and verbal) and senior stakeholder engagement with the ability to influence senior management Knowledge of, and experience in, internal/external audit and risk management (desirable)
- Relevant internationally recognised risk, audit or professional accounting qualifications or equivalent practical experience.
Is this 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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