Senior Manager Regulatory Strategy

Senior Manager Regulatory Strategy

See yourself in our team

The Regulatory Strategy function sits within Group Compliance and is responsible for advocacy on a range of regulatory issues that relate to the bank or to Financial services more generally. Regulatory strategy works closely with the Government and Industry Affairs teams, business units and support functions to develop and advocate on policies emerging from the Government or regulators.

The function also deals closely with industry associations such as the Australian Banking Association to contribute to industry-level views.

The function works across the business to build awareness of future regulatory settings and empowers business areas to consider how proposes changes to laws or regulations could be improved to ensure the best outcomes for our customers and for the Australian community more broadly.

Do work that matters

Reporting to the Executive Manager, Regulatory Strategy, you will assist the EM in the development, leading and execution of managing and enhancing compliance risk management in their BU/SU or Central team. You’ll contribute to the monitoring and influencing of proposed regulatory change to align with the Group’s purpose and strategic priorities.

Your day could look like, but not limited to:

• Monitor the global regulatory landscape for trends and proposed reforms impacting the Group
• Assess and report regulatory risks to the Board, NFRC, Strategy, Finance and Business
• Advocate for the Group on major issues and changes to law, regulations and industry codes to influence the regulatory reform agenda
• Develop Group positions and, where appropriate, coordinating responses to major reforms, directly or through industry bodies
• Liaise with industry groups, regulators and government
• Effective and constructive contribution to the Compliance Team and the broader Risk Management function, with a focus on collaboration and embedding a risk culture across the function.

We’re interested in hearing from people who have:

• Attention to detail and ability to communicate clearly and succinctly;
• Strong stakeholder management skills with the ability to quickly build effective relationships;
• Interest/awareness of technology and how it could be used in the policy environment;
• Delivered effective solutions within defined timeframes;
• Proactively influenced with credibility and authority to achieve optimal outcomes by adapting style and escalating when needed; and
• Experience in effectively challenging, welcoming and managing conflict with confidence
• Experience in applying and supporting frameworks.

Working at CommBank

At CommBank, we support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you’re interested in.