Manager Risk and Control Enablement

at  Commonwealth Bank

SEE YOURSELF IN THE TEAM

The Business Institutional and Market Operations Chief Controls Office (BIMO CCO) is a first line of defence function that provides comprehensive and integrated risk services in support of the Business & Institutional Market Operations (BIMO). The value proposition of BIMO CCO is to provide skilled, practical and efficient risk management to support the COO in the delivery of excellent business and customer outcomes.

The BIMO CCO function delivers effective business and customer outcomes through the following risk services:

• Implementation and adherence to the Operational and Compliance Risk Management Frameworks.
• Specialist advice, consultation and services to support the business in identifying, monitoring and managing its respective risks and controls.
• Build and embedment of strong risk capability and culture across the Chief Operating Office.
• Risk governance and reporting.
• Risk in Change assessment in support of project and transformation activities across the COO.
• Supplier risk assessment and governance.

KEY RESPONSIBILITIES FOR THIS ROLE INCLUDES:

• Responsible for supporting the Market Operations business in the implementation of the Operational Risk Management Framework (ORMF) and Compliance Management Framework (CMF).
• Responsible for the design and implementation / support the business to design and implement controls to enable better risk and compliance outcomes
• Responsible for the effective design of controls for all new and changing processes and operations, and support the business through the implementation
• Manage root cause analysis of issues and incidents, identifying and implementing control improvements for the business areas they support.
• Responsible for ensuring the correct risk and controls overlay the end to end process mapping and documentation management to support the control process
• Assist in the development of operational risk training programmes to increase risk awareness and culture across the MO business;
• Responsible for data quality in various systems, databases and monthly management reporting
• Conduct and manage Control Assurance Program (CAP) testing, including the development of test scripts, and report on assurance findings
• Contribute to a proactive risk and control culture and collaborate with the business
• Responsible for ensuring risks are profiled and captured in the Risk Profile and updated when risk trigger events occur
• Work effectively with Line 2 colleagues to determine optimal course of action to remediate any significant data integrity issues.

WE SUPPORT OUR PEOPLE WITH THE FLEXIBILITY TO BALANCE WHERE WORK IS DONE WITH AT LEAST HALF THEIR TIME EACH MONTH CONNECTING IN OFFICE. WE ALSO HAVE MANY OTHER FLEXIBLE WORKING OPTIONS AVAILABLE INCLUDING CHANGING START AND FINISH TIMES, PART-TIME ARRANGEMENTS AND JOB SHARE TO NAME A FEW. TALK TO US ABOUT HOW THESE ARRANGEMENTS MIGHT WORK IN THE ROLE YOU’RE INTERESTED IN.

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: 06/03/202

This role will build and manage productive relationships with the following individuals and groups:

• Market Operations
• Institutional Banking and Markets (IB&M)
• Line 2
• Chief Operations Office
• Chief Controls Office Centres of Excellenc