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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. 

By reducing administrative overhead, GA&A have increased their teams capacity for high value judgement-based activities and expanded their support to include sharing knowledge and tools that create better risk coverage across the Bank for all Three Lines of Assurance. 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

GA&A’s Non-Financial Risk and Support Services, (NFRSS) team is responsible for auditing and reviewing CBA’s Finance, Risk Management and Support Services functions, including emerging, strategic and operational risks.

We partner with all areas of CommBank to provide specialist services, to both customer-facing and customer-supporting teams, in the areas of:

• Non-Financial Risk areas; including Environmental, Social & Governance (ESG) risks, Risk Management Frameworks (strategic and operational), Compliance & Risk Culture.
• Finance; incl. Group Finance, Legal, Tax, Regulatory Reporting, Business & Support Unit Finance & Investor Relations.

As such, we provide comprehensive analysis on all manner of strategic decisions across CommBank conduct and products. From delivering strategic initiatives, management reports and scaling our automated processes, GA&A is an important business partner.

As a leader with the GA&A NFRF team you’ll advise the stakeholders across the Group to identify and mitigate areas of risk and make valuable recommendations on controls. You will enjoy working in a dynamic environment, are able to focus on key issues and the details that come with it.

Do work that matters

• Build and deliver a dynamic, risk-based audit plan for the Non-Financial Risk Finance and Support Services AuditRisk Management  audit team, and support the broader GA&A plan.
• Oversee effective and efficient assurance to enable complete and collaborative delivery of your team's audit plan, and overall GA&A plan.
• Effectively resource audits and broader GA&A needs, using specialists and professional services, where required.
• Supervise audit delivery, and review and approve key audit stage-gates in the audit workflow.
• Effectively lead and direct all aspects of the audit from Planning, Fieldwork, Reporting, and through to audit closure.
• Support and drive appropriate use of analytics, to drive audit efficiency and deeper insights (i.e. the use of analytics on lead-in reviews, and KRI monitoring to drive audit scope and targeted audit testing). 
• Work closely with stakeholders at all levels in developing audit findings and recommendations regarding internal control and compliance.
• Prepare and deliver simple, pragmatic and easy to read audit reports for customers, including the Board Audit Committee and relevant subsidiary board and risk committees.
• Oversee the team’s participation in the QA Program, including timely and effective delivery of QA file reviews and ensure any feedback is quickly and effectively addressed.
• Drive high performance by taking accountability and leading audit team members to achieve GA&A strategic targets and goals.
• Maintain strong relationships with the GA&A leadership team, Regulators and External Audit to gain input and buy-in to strategic initiatives.

We’re interested in hearing from people who possess

• Environmental & Social Risk experience including climate change, disclosures and reporting, E&S product and services and / or human rights.
• Financial services industry based knowledge and experience
• Demonstrated ability in building strong customer relationships based on credibility, rapport and trust
• Excellent interpersonal skills, with the ability to collaborate and work cross-functionally, navigating ambiguity while managing multiple scope areas or priorities in a fast-paced, deadline-driven environment, accepting accountability of the process and delivering on commitments
• Demonstrated experience and knowledge of risk frameworks to manage compliance, strategic and operational risk, ideally with a working knowledge of associated standards
• Strong communication (written and verbal) and stakeholder engagement with the ability to present and influence stakeholders and senior management.
• Strong analytical and commercial skills, with demonstrated ability to draw insights from analysis

Is this your next challenge? Apply now!

Advertising End Date: 19/09/2024