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Balance Sheet Efficiency and Reporting is part of Group Treasury (GT) team that sits within the Financial Services (FS) division of CBA. The team is responsible for liquidity risk and balance sheet management, including partnering with business, risk and finance stakeholders on the allocation of capital, funding and liquidity resources. The team performs reporting and analysis for internal and external stakeholders. The Balance Sheet Efficiency and Reporting team includes the following sub-teams:
Liquidity Policy and Stress Testing
Liquidity Reporting and Accuracy
Capital Reporting and Accuracy
Visualisation and Automation
Liquidity Policy & Stress Testing partners with the wider Group Treasury team and is responsible for Liquidity Policy & Stress Testing activities. In your role as Manager Liquidity Stress Testing you will monitor the economic and regulatory environment for known and emerging risks that could impact the Group's business, financial position and liquidity risk management frameworks and policies. You will communicate key insights to CBA's leadership to inform strategic decision-making and risk appetite to ensure balance sheet resilience at all times.
Do work that matters
This role reports to the Senior Manager Liquidity Policy and Stress Testing.
The role is to develop and maintain new Liquidity Stress Testing models that meet international best practice, as well as APRA Stress Testing requirements for CBA. This role will have a key focus on delivering best practice liquidity risk management and scenario analysis, and integrating this into the Group's existing liquidity risk management, business planning and liquidity reporting processes.
The role will have exposure to a wide range of stakeholders including senior members within Group Treasury and Risk Management, and across the broad Group in Finance, Business Units and Enterprise Services,
The successful candidate will be results driven with demonstrated excellent data, modelling and analytics skills, an ability to solve complex problems in a simple manner, combined with commercial acumen, strong stakeholder management and excellent communication skills.
The team's areas of responsibility include:
Managing the Group Liquidity Policy and framework including providing advice on the application of the Policy, reviewing new business proposals, dealing with regulatory requests and managing the Group's Contingency Funding Framework.
Managing the annual updates of the Group's liquidity management framework including the Group Liquidity Policy, Liquidity Management Standard and Contingency Funding Plan. This includes providing input into determining risk appetite and developing an understanding of the actions that could be taken in a liquidity crisis.
Working closely with the Group Stress Testing team and developing severe yet plausible liquidity scenarios adapted to the identified risks and estimating their impact to CBA's liquidity, funding and balance sheet position and structure
Working closely with Business Units, Technology and Reporting teams to implement new liquidity scenarios into liquidity systems and reporting
Maintaining strong governance, controls, processes and documentation of new scenarios, key assumptions and policies
Interacting with Line 1, 2 and external audit to support assurance and review activities
We're interested in hearing from people who have
Higher tertiary education with relevant major such as mathematics, economics, finance or accounting
Minimum 5 years' post graduate experience in banking, financial markets, or risk management is preferred. Liquidity risk experience and knowledge of APRA's APS 210 Liquidity prudential standard is ideal but not a must.
Strong financial acumen and an ability to understand and interpret balance sheets
Excellent analytical and/or modelling skills, demonstrating independent thought and critical thinking
Strong business partnering skills with a proven track record in collaborating, influencing and driving outcomes
Sound knowledge of regulatory and accounting standards, risk modelling techniques, financial control processes and financial systems experience (including Ab Initio) are desirable but not a must.
Risk Mindset - All CommBank employees are expected to proactively identify and understand, openly discuss and act on current and future risks.
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: 13/02/2024
