Senior Manager Operational Risk Commonwealth Bank of Australia
Sydney, Australia
Senior Manager Operational Risk - Permanent Full-Time Opportunity
Do work that matters:
Risk Management ensures that the Group has appropriate strategies and frameworks in place to assess, manage and report on credit, market, operational, compliance, and insurance risks.
The Risk Management team is a Line 2 team responsible for developing and deploying the Group's risk frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance, and insurance risks within a Board-approved appetite.
We do this by:
Establishing frameworks to manage risks that are consistent with the Group's business objectives;
Identifying, assessing, and reporting risks to the Board, Risk and Audit Committees, Executive Committee, and Business Units;
Assessing the impact of proposed changes in laws, regulations, and industry codes; and
Working collaboratively with the Business Units to achieve the optimal risk and return outcomes for the Group within the risk appetite approved by the Board.
See yourself in our team:
The Operational Risk team is a Line 2 team which supports the Retail Banking Services (RBS) business within the Group. The team is responsible for:
Monitoring and challenging the RBS business lines to ensure the appropriate consideration of operational risks and the alignment with regulatory expectations and industry changes;
Partnering with RBS aligned operational risk teams (Line 1) to ensure the effective deployment of operational risk management practices within RBS;
Providing subject matter expertise to key stakeholders on managing material operational and emerging risks;
Development and deployment of operational risk frameworks, policies, and processes; and
Collaborating with broader Line 2 risk teams across the Group to drive consistency and quality in deliverables.
Your Impact:
This role will report into the Executive Manager Operational Risk.
Responsibilities include:
Leading, coaching, and motivating a small team of risk professionals (Manager and Analyst)
Maintaining strong relationships with business, Line 1 Risk, Group Operational Risk, and Audit partners;
Providing advice on operational risk considerations including in relation to major RBS projects with a high degree of technology change;
Review and assurance activities (which may come in the form of risk advisory, risk reviews, or assurance);
Providing various operational risk reports and dashboards, and attending various risk governance forums; and
Partnering with other Risk Management functions in the Group to ensure any changes to the framework are consistently embedded within RBS.
We're interested in hearing from people who:
Proven experience in compliance, regulatory risk, credit risk, operational risk, or technology risk, preferably in the banking and finance sector;
Understanding of the financial regulatory environment and risk management principles across all risk classes;
Experienced in compiling, preparation, and writing of management reports, board papers, and board reports;
Excellent verbal and written communication skills
Excellent attention to detail;
Demonstrated personal and interpersonal effectiveness;
Demonstrated strategic thinking and sound business acumen;
Strong stakeholder engagement and management skills, including an ability to work with resistance; and
Degree in a financial, business, risk management, or legal discipline.
At CBA we are dedicated to building a diverse, inclusive, and authentic workplace. So, if you're excited about this role but your past experience doesn't perfectly align with everything in this job advert, we encourage you to still apply.
If this sounds like the role for you then we would love to hear from you. Apply today!
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