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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
The Chief Operating Office plays a critical role in ensuring that GA&A deliver best in-class audit practices by driving adoption of innovative audit techniques and maintaining a high quality, straightforward audit methodology.
The team adds value to the Group by:
- Driving the delivery of best-in-class audit practices, tools and processes to assist the GAA function in executing their role as the Bank's Third Line of Accountability.
- Proactively monitor current and emerging risks and trends across the auditing industry to develop the function to be leading by global standards.
- Delivering a comprehensive quality assurance programme to support GAA to conduct audits in line with Global internal audit standards and drive continued improvement.
This is a 12 month contract role.
Do work that matters
- Support the delivery of best-in-class audit practices, tools and processes to assist the GA&A function in executing their role as the Bank's Third Line of Accountability
- Proactively monitor current and emerging risks and trends across the auditing industry to develop the function to be leading by global standards
- Apply strategic thinking and thought leadership to ensure that this role meets the Board Audit Committee's requirements for an effective Line 3 function
- Support the Executive Manager, Professional Practices in building key relationships with the Group Auditor and his executive and leadership team, including subsidiary audit teams, to ensure audit methodology is effectively adopted and adhered to
- Deliver a comprehensive quality assurance programme to support GA&A to conduct audits in line with Global internal audit standards and drive continued improvement
- 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 knowledge of, and experience in, internal audit and risk management, preferably working for a global financial services company.
- Experience in drafting, rolling out and embedding internal audit methodology and quality assurance programmes including training, templates, best practice examples
- Experience in driving change including process, system, behaviours and culture.
- Proven ability in building strong customer relationships based on trust to derive best in class solutions and high quality standards
- Relevant internationally recognised auditing or professional accounting qualifications
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: 15/02/2024
