Risk and Controls Manager Line 1 at Commonwealth Bank

Sydney, New South Wales, Australia -

Full Time

Start Date

Immediate

Expiry Date

13 May, 26

Salary

0.0

Posted On

12 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Reporting, Governance, Non-Financial Risks, Control Environment, Stakeholder Engagement, Policy Translation, Risk Profile (RCSA), Root Cause Analysis, Control Assurance Program (CAP) Testing, Risk Appetite Statement (RAS), Issue Management, Process Improvement, Analytical Skills, Problem Solving, Change Leadership, Financial Services Experience

Industry

Financial Services

Description

Financial Services (FS) partners with all areas of CommBank to provide specialist advice on financial management and strategy. This advice covers finance, audit, treasury, investor relations, environmental, property and procurement. The FS Line 1 Risk Oversight (FS L1RO) team governs and supports the lines of business within Financial Services in achieving excellence in risk management and operating an effective control environment. FS L1RO aims to achieve a demonstrable uplift in risk management and controls activities across Financial Services. Do work that matters This role reports directly to the Executive Manager Risk & Controls Line 1. Your role is to support the FS L1RO team in providing robust oversight, governance, and management of non-financial risks and controls within Financial Services. You’ll be responsible for driving consistency, simplicity and efficiency into the risk reporting and governance processes. You will engage and influence a broad range of stakeholders to uplift risk capability across FS. This is a broad and dynamic role where the ability to engage a large and varied stakeholder group and translate policy into practice is a critical success factor. See yourself in our team This role is wide reaching which includes, however not limited, to the following: Responsible for preparing risk reporting for FS non-financial risk committees and forums, ensuring that high-quality, relevant and consistent information is provided to oversee and manage operational and compliance risk and to facilitate decision-making Apply experience and knowledge to identify opportunities for improvement in risk reporting processes including automation, and drive uplift design and implementation Responsible for the design and implementation / support the business to design and implement controls Responsible for ensuring risks are profiled and captured in the Risk Profile (RCSA) and update when risk trigger events occur Manage root cause analysis of issues and incidents, identifying and implementing control improvements Conduct and manage Control Assurance Program (CAP) testing, including the development of test scripts, and report on assurance findings Prepare information to support the strategic planning process and conduct analysis, tracking and reporting on the Risk Appetite Statement (RAS) Administer governance forums, including preparation, minuting and action management Participate in Group wide working groups for improving the risk and control environment, with a view to manage impacts and positively influence outcomes for FS We’re interested in hearing from people who will aspire to Self-driven, proactive and able to work independently Ability to analyse/identify risks and opportunities then recommend appropriate actions and controls Facilitation, influencing and consulting skills, the ability to build relationships with stakeholders at all levels Ability to navigate ambiguity and apply professional judgement Strong written and verbal communication skills Strong problem solving and analytical skills Proven ability to lead change and process improvement Experience in finance or accounting Some technical knowledge and prior experience in operational risk and compliance preferred Tertiary Qualifications – hold a tertiary qualification in accounting, finance, or an equivalent business-related discipline Accounting qualification – CPA or CA 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. We're aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696. Advertising End Date: 18/02/2026 Whether you’re passionate about customer service, driven by data, or called by creativity, a career with CommBank is for you. Our people bring their diverse backgrounds and unique perspectives to build a respectful, inclusive and flexible workplace. One where we’re driven by our values, and supported to share ideas, initiatives, and energy. One where making a positive impact for customers, communities and each other is part of our every day. Here, you’ll thrive. You’ll be supported when faced with challenges, and empowered to tackle new opportunities. We really love working here, and we think you will too.

Responsibilities

The role involves supporting the Financial Services Line 1 Risk Oversight team by providing robust oversight, governance, and management of non-financial risks and controls within Financial Services. Key duties include preparing risk reporting for committees, driving consistency in governance processes, and engaging stakeholders to uplift risk capability.