Posted:
3/31/2025, 1:39:47 PM
Location(s):
New South Wales, Australia ⋅ Sydney, New South Wales, Australia
Experience Level(s):
Senior
Field(s):
Legal & Compliance
Workplace Type:
Hybrid
Senior Manager Risk and Controls
Permanent role and hybrid working (50% office attendance a month)
Opportunity to lead a high performing small team
You are passionate about Financial Crime
Do work that matters:
As a Senior Manager Financial Crimes Line 1 Risk you will be leading the team responsible for execution of Financial Crimes Risk strategy aligned to the business.
Your team:
Business Banking (BB) manages relationships with Commonwealth Bank’s small-medium enterprise (SME) customers, mid-market and large corporate customers, as well as regional and agribusiness customers.
The Chief Controls Office (CCO) focus is on driving simpler and better risk and regulatory outcomes through provision of Transparency, Consistency and Insight to our Business Banking divisions. The Financial Crimes Line 1 Risk team is responsible for ensuring Business Banking successfully implements relevant Financial Crimes Policy, ensures ongoing compliance with our Financial Crimes obligations and implements pro-active steps to detect, disrupt and deter Financial Crimes activity.
On any given day, you will:
Lead delivery of certain streams of the FC program, e.g. Product and Channel risk assessments, Business and Risk in Change, Regulatory Change, Customer Specialised Due Diligence assessments
Provide financial crimes risk advice and support to the business and to other streams of the FC program more broadly
Provide insights to the BB business leads including presenting at Risk Governance Forums.
Ensure current Financial Crimes risks and controls are captured in RiskInsite and subject to regular testing
Work closely with the Group Financial Crimes Compliance teams and research industry trends to provide BB with Financial Crime insights and focus areas.
Contribute to process efficiency and productivity by identifying new opportunities to improve processes, reduce risks and improve financial crime compliance.
Support the BB Financial Crimes team in the execution of risk and control activities in accordance with the team’s mandate and agreed strategic roadmap.
We’re interested in hearing from people who have:
Thorough understanding of the financial crime regulatory framework with deep technical knowledge of the AUSTRAC’s AML / CTF, Sanctions and ABC risk environment
Strong leadership experience, managing a small team
Proven experience in implementing legislative changes and ability to assess and identify solutions for the business
International/global experience is highly regarded for this role
Your Career:
If you live the values and demonstrate the people capabilities we can offer great opportunities. Whether you want to move across the organisation or up into a leadership role, the way you live the values and demonstrate the people capabilities are key. Use the capabilities required for this role as a guide to the critical skills and behaviours you need for your next move.
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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Website: https://commbank.com.au/
Headquarter Location: Sydney, New South Wales, Australia
Employee Count: 10001+
Year Founded: 1911
Last Funding Type: Post-IPO Debt
Industries: Banking ⋅ Finance ⋅ Financial Services ⋅ Wealth Management