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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 Models, Data and Artificial Intelligence (AI) Audit team is a team within GA&A, focusing on Model Risk, Data & AI across CBA. The Models, Data & AI team reviews the effectiveness of the processes, controls and governance that seek to mitigate the risks associated with our internal, external and regulatory obligations for these risks. In addition, your team will provide support for Business Audit teams and provide expert knowledge.
As an Executive Manager for Models, AI and Data, you will lead a team of subject matter experts (SMEs) with strong background across modelling, Artificial Intelligence and Data management. You and your team will provide objective assurance on the risks and controls and work closely together with the business audit teams to ensure adequate coverage is provided. Further, you will closely liaise with risk stewards, the relevant departments and line 2 to ensure appropriate coverage and continuously monitor the business.
Do work that matters
- Build and deliver a dynamic, risk-based audit plan for the Models, AI and Data audit team, and support the broader GA&A plan.
- Supervise audit delivery, review and approve key audit stage-gates in the audit workflow in line with Audit methodology as well as oversee effective and efficient assurance to enable complete and collaborative delivery of your team's audit plan, and overall GA&A plan.
- Work closely with stakeholders at all levels in developing audit findings and recommendations regarding internal control and compliance.
- Prepare and deliver simple, pragmatic and easy to read audit reports for stakeholders, including the Board Audit Committee and relevant subsidiary board and risk committees.
- Drive high performance by taking accountability and leading audit team members to achieve GA&A strategic targets and goals as well actively provide thought leadership for the organisation on the emerging risks of AI and how best to manage it.
- Maintain strong relationships with the GA&A leadership team, Regulators and External Audit to gain input and buy-in to strategic initiatives and develop strong relationships with key senior stakeholders throughout the business to support continuous monitoring and provide independent advice as needed.
We're interested in hearing from people who possess
- Strong understanding of the landscape of Artificial Intelligence and Data management, including local and international regulations
- Extensive managerial experience of SME audit teams and previous internal audit experience is advantageous
- Excellent project management and organisational skills to deliver across multiple competing and time-bound priorities
- Strong verbal and written communication skills with the ability to explain complex concepts using simple language
- Strong relationship and stakeholder management skills
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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Advertising End Date: 15/03/2024
