Senior Manager Wealth & Private Risk Fundamentals

Do work that matters:The Wealth & Private (W&P) Risk Fundamentals Team supports the following channels/products across RBS: Insurance, Retail Wealth, Partnerships (IRAP) Guidance & Investing (G&I), Commonwealth Private Bank and Commonwealth Private Advice (CP).As a senior member in the Wealth & Private (W&P) Risk Fundamentals Chapter, you will be integral as a trusted advisor supporting the CP business to effectively manage and optimise its operational risk and compliance control environment under the guidance of your Chapter Lead and with the assistance of the Chapter members. You achieve this through partnering with business, risk, and compliance experts to deliver foundational risk services including profiling, control advice, issue and incident management, and risk governance.See yourself in our team:Your role is part of the W&P Risk Fundamental Chapter that resides in the RBS Chief Controls office. You are part of a team that ensures CP adheres to the Operational Risk and Compliance (OR&C) Management Frameworks and assists the W&P Risk Business Partners with their recommendations to improve business processes, controls, systems, and procedures to identify and/or limit risks, including monitoring of risk appetite.CP provides outstanding personal service and trusted advice to high net worth individuals who have the intention to invest or borrow at least AU$2.5million. The highly experienced and team-based structure offers clients a comprehensive range of solutions as well as market leading products. The business is backed by superior research capabilities and the extensive resources of the Group, to help our clients achieve the best possible outcomes. Private Bankers and Private Wealth Managers specialise in banking, lending, strategic advice, and investments located right across Australia. This Chapter supports the frontline Commonwealth Private Banking and Commonwealth Private Advice business and the Private Bank & Advice Experiences (PB&AE) crew, including distribution, credit risk, the Chief Investment Office (CIO) and Investment Research Team (IRT). Our vision is to enable the CP team to make informed risk-reward decisions that deliver better customer outcomes.On any given day you will lead and execute the following:

• Working with your Chapter Lead and Risk Business Partner to provide senior leaders with key information for the quarterly planning process.
• Provide insights and suggested actions regarding OR&C profiles, controls, issues, incidents, and other matters to strengthen CP’s operating environment to progress towards simplification and automation.
• Responsible for supporting the business to design and implement controls, providing guidance and advice to senior leaders on their application.
• Identify and assess risks and compliance obligations to the business and determine the overall effectiveness of the control environment to ensure they are managed within appetite.
• Ensure the Risk and Compliance Self Assessments are refreshed timely and to quality upon a trigger event.
• Ensure the Compliance Self-Assessments are executed to a high quality and standard with appropriate rigour and challenge.
• Provide advice and guidance to Chapter members and stakeholders on the OR&C framework, including risk assessments, issue and incident management, root cause analysis, regulatory engagement, and governance.
• Coach and mentor team members to identify, initiate and manage actions to mitigate risks and to strengthen controls when issues and incidents are raised, including issues identified through audits and other external processes.
• Work with other Chapter team members to drive adherence to the Supplier policy, standards, and controls requirements and support with third party governance, risk, and control assurance activities.
• Set expectations and manage data quality in/maintain various databases (including RiskInSite).
• Support the risk governance activities related to monthly CP Risk Forums, Wealth & Private Risk Sub Committee and Commonwealth Private Limited Board Risk Committee.
• Assist with internal Line 2 and Line 3 review and assurance activities with the business.

We’re interested in hearing from people who have:

• Exceptional verbal and written communication skills.
• Influencing skills to engage effectively with senior stakeholders and Chapter members.
• In-depth knowledge of the Operational Risk Management Framework (ORMF), Compliance Management Framework (CMF), risk and compliance policies and framework execution.
• Understanding of third party / supplier risk and control management and general operational risk practices.
• Experience with reporting including data analysis, generating insights and making sound recommendations.
• Ability to manage competing priorities and stakeholders to drive the right outcomes.
• Experience in banking/financial services/other relevant experience, and/or significant experience in Operational Risk management roles.
• Retail banking and/or Business Banking experience preferred, particularly in Wealth & Private.

We support our people with the flexibility to balance where work is done with at least half their time each month connecting in office.If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through to submit a valid application. We’re keen to support you with the next step in your career.We're aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696.Advertising End Date: 26/06/2024