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We perform interesting and challenging work at CommBank
See yourself in our team
The Operational Risk and Compliance Risk teams ensure the Group has appropriate strategies and frameworks in place to assess, manage and report on operational, compliance and insurance risks. Our team is responsible for Operational Risk Measurement including:
maintaining the Group's Operational Risk Measurement System (ORMS) and Advanced Measurement Approach (AMA) Operational Risk Capital Model;
reporting Operational Risk Capital and Losses in regulatory returns, market disclosures and internal performance measures;
monitoring that Operational Risk Capital remains commensurate with the Group's Risk Profile through the Quarterly Profile Review;
facilitating the refresh of Operational Risk Scenarios (Quantitative Risk Assessments);
managing ongoing compliance with APRA's regulatory requirements as they relate to Operational Risk Measurement; and
monitoring global Operational Risk Measurement trends and developments to provide a forward looking view of how these may affect the Group.
You will report into the Executive Risk Advisor, Operational Risk Portfolio and Analytics.
Do work that matters
Lead the Operational Risk Scenario Practice to ensure Operational Risk Capital reflects all current operational risks facing the Group, including making use of "what if" analysis, stress testing and objective assessment of the results.
Monitor and identify changes in the Group's operational risk profile by identifying emerging risks, analysing internal and external loss data trends and considering business and strategic initiatives to assess their impact on Group's Operational Risk Capital.
Support the quarterly quantification of Operational Risk Capital by analysing, challenging and documenting the capital results as well as reporting to both internal and external key stakeholders.
Support the allocation of Operational Risk Capital to Business Units and Lines of Business for the purpose of performance measurement.
Forecast of Operational Risk Capital, as required.
Ensure the Operational Risk Capital processes are effective and efficient, identifying and driving opportunities for improvement.
Provide input in assessing the impact of proposed and actual changes to regulatory requirements as they relate to Operational Risk Capital, such as the introduction of the new Basel Standardised Measurement Approach (SMA).
Develop and maintain relationships with key senior stakeholders including Business Unit Operational Risk and Finance teams.
We are interested in hearing from people who possess
Excellent analytical thinking and reporting skills
Strong financial modelling skills
Experience in the banking and finance sector is preferred
Operational Risk / Compliance knowledge and experience an advantage
Ability to seek appropriate pragmatic solutions to issues
At CommBank, we're committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. As a value's driven organisation, we nurture and support our people; through focussing on skill and talent development, collaboration, flexibility and internal promotion. With service in mind at every touch point, we take accountability for the role we play in securing and enhancing the financial wellbeing of people, businesses and communities. At CommBank you can be you.
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.