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Group Audit & Assurance (GA&A) provide independent, objective and commercial risk focused assurance to the Board Audit Committee to assist the Group in securing and enhancing the financial wellbeing of its stakeholders. GA&A were recognised by Ernst & Young and PwC as the leading internal audit function among Australian peers in the financial services industry.

See yourself in our team

The Financial Risk Audit team is a newly formed function within the GA&A, focusing on the Group's Financial Risks particularly related to the frameworks, policies and models associated with Credit Risk, Market Risk, Funding, Liquidity and Capital.

The Credit and Models Audit team reviews the effectiveness of the Group's frameworks and policies that seek to mitigate the risks associated with our internal, external and regulatory obligations for the Models and Credit Risk.

The team works closely with the key stakeholders, including models team and other audit teams that cover Retail, Business and Institutional Banking. Your work will ultimately contribute to high quality audit reports focused on Group's credit policies, standards and procedures.

Do work that matters

The team monitors emerging risk areas under consideration with a goal to mitigate the associated risks.

The teams add value through:

• Overseeing the delivery of a professional and highly valued audit service to the business and the Group's Audit & Risk Committees, including relevant subsidiary boards and committees.
• Providing objective assurance on risk management to key customers (e.g. Group Executives and their leadership teams) to secure the financial wellbeing of the Bank's customers
• Provide commercial insights to customers that makes a real difference to their business

Your Responsibilities:

• In line with CBA Internal Audit Methodology, undertake effective and efficient planning and delivery of audits and assist your Executive Manager in building a dynamic, risk-based Audit Plan to appropriately capture key and emerging risks
• Effectively support, supervise and deliver assigned scope areas of the audit from Planning, Fieldwork, Reporting, and through to audit closure including administration of key audit stage-gates in the audit workflow system
• Interview customers & conduct process walkthroughs to understand & risk assess the business' risk and control environment
• Solve problems by applying innovative thinking and actively participate in processes to capture and act on innovation ideas, which improve the way we work
• Draft issues and agree factual accuracy and ratings with the Team Leader and the stakeholders, as well support the Executive Manager in preparing simple, pragmatic and easy to read audit reports and issue logs
• 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 have:

• Extensive understanding and experience in risk management (Line 1 or 2); or internal/external audit
• Knowledge of credit risk governance, frameworks and model development and validations, the associated regulatory environment and the controls to mitigate these risks
• Excellent interpersonal skills, with the ability to collaborate and influence work cross-functionally, navigating ambiguity while managing multiple audit engagements or priorities simultaneously in a fast-paced, deadline-driven environment, accepting accountability of the process and delivering on commitments
• Highly collaborative with proven record of driving strategic outcomes
• Strong communication (written and verbal) and senior stakeholder engagement with the ability to influence senior management Knowledge of, and experience in, internal/external audit and risk management (desirable)
• Typically 10+ years relevant experience in credit/model risk management (Line 1 or 2) or audit
• Relevant internationally recognised risk, audit or professional accounting qualifications or equivalent practical experience.

Is this your next challenge, apply Now!

If you're already part of the Commonwealth Bank Group (including Bankwest), 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: 23/11/2022