Risk and Controls Manager

Posted:
10/28/2025, 2:33:24 PM

Location(s):
Sydney, New South Wales, Australia ⋅ New South Wales, Australia

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Business & Strategy

  • Opportunity to join an energetic, high performing team making real impact in Business Banking through applied risk management, with compliance and control development focus

  • Business profile support for Relationship Managed Segments including close engagement with senior leaders across Business Banking

  • A challenging and rewarding role that requires you to think critically and solve for a diverse array of problems, with support from Senior Manager and Executive Manager and a high degree of autonomy

  • This is a full-time, permanent opportunity

Do work that matters:

In Business Banking (BB), we secure and enhance the financial wellbeing of our people, businesses and communities. We do this by offering a wide range of services and solutions to our Relationship Managed (RM) small-medium enterprise customers, large corporate customers, and regional and agribusiness customers.

 Commercial Banking (CB) predominantly services metro-based business customers with annual turnover from $3m to $150m. Major Client Group (MCG) predominantly provides specialised and dedicated service to our largest customers in BB including listed entities and those who have an annual turnover more than $150m per year. Regional and Agribusiness (RAB) predominantly services regional/rural business customers with annual turnover from $1m to $150m.

See yourself in our team:

The MCG L1 Risk team, part of the wider Business Banking Distribution Risk (BBDR)function, aim to be trusted risk advisors – leveraging our collective expertise to enable Business Banking’s success. We are a full service Line 1 Risk Management team with a balanced focus on Financial Risk, Operational Risk, and Compliance.

Our team is responsible for ensuring that strong risk management practices and behaviours are embedded across the business segments. We achieve this through ensuring risk frameworks and controls are effectively implemented and ensuring the Leadership Team has the right level of risk governance.

Key responsibilities will include:

  • Business Profile Risk Management – regular review and development of operational risks and relevant controls, including support to common Business Bank risks.

  • Compliance Management – regular review and support of regulatory obligations, relevant controls, and other compliance arrangements.

  • Controls – supporting various stakeholders to review, develop, and implement controls that enable continuous improvement in risk and compliance outcomes.

  • Incidents and Issues – advising and supporting stakeholders with root cause analysis of risk incidents and issues.

  • Data Quality – maintaining quality risk data in various databases (including RiskInSite).

  • Change Management – ensuring risk and associated procedural changes are delivered effectively, minimizing disruption for frontline employees and customers.

  • Risk Culture and Capability – ensuring the risk culture and capability is continually improved across our stakeholders.

We’re interested in hearing from people who have:

  • A risk mindset – proactively identify risks, seek to understand risks, desire to discuss and resolve risks.

  • Ability to problem solve – think critically about a given problem, using data and other relevant information, in order to propose a solution that reduces risk and enables Business Banking outcomes.

  • Autonomous operators – ability and willingness to operate with initiative, running with an assigned portfolio of work.

  • Presenting and influencing skills – ability to present to senior stakeholders and influence all stakeholders to achieve a desired outcome.

  • Relationship skills – ability to build rapport with business stakeholders in order to act as a trusted risk advisor.

  • Organisation, prioritisation and planning skills – ability to manage multiple competing priorities.

  • Proven experience within risk & compliance with a demonstrated understanding of Operational Risk and Compliance frameworks and methodology

  • A minimum of 2-5 years’ experience in banking/financial services or other relevant sectors, with an Operational Risk or Compliance background. RiskInSite and Business Banking experience highly regarded.

Your Development:

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 focusing on skill and talent development, collaboration, flexibility and internal promotion.

If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), 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: 11/11/2025