Risk and Controls Senior Manager Line 1 at Commonwealth Bank

Sydney, New South Wales, Australia -

Full Time

Start Date

Immediate

Expiry Date

16 Apr, 26

Salary

0.0

Posted On

16 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Operational Risk, Compliance Risk, Risk Frameworks, Controls Design, Incident Management, Stakeholder Engagement, Communication Skills, Analytical Skills, Problem-Solving, Judgment, Proactive Approach, Change Risk Management, Governance, Remediation Planning, Risk Insights, Coaching

Industry

Financial Services

Description

Business Banking (BB) manages relationships with Commonwealth Bank’s small-medium enterprise customers, mid-market corporate customers, and regional and agribusiness customers, providing a wide range of financial services and solutions. It also services our personal and institutional online trading customers. BB Digital is accountable for delivering a seamless customer experience across our business banking digital channels including CommBiz Web, Mobile and CommBank app. A vision to be the undisputed leader in digital business banking, there is an exciting delivery roadmap ahead enhancing both design and technology of these digital platforms. You’ll play an integral role in our ongoing commitment to deliver better customer experience and outcomes via effective risk management. The BB Digital Line 1 Risk team is a dedicated team of risk professionals supporting BB Digital to ensure to ensure effective oversight, governance and management of risks, compliance obligations and controls. This role will report to the Chapter Lead Digital Non Financial Risk. We’re looking for a passionate and experienced Senior Manager to join BB Digital Line 1 Risk team. You’ll work closely with senior stakeholders fostering a proactive risk and control culture that anticipates and responds to changes in the risk landscape, provide strategic advice, and enable the business to operate confidently within risk appetite. This is a highly collaborative role that supports the execution of business strategy while embedding strong risk management practices. Key responsibilities Embed and continuously enhance the risk and control framework, partnering with leaders to uplift processes and strengthen operational resilience Ensure high‑quality root cause analysis and effective remediation planning for incidents, near misses, and control failures. Manage compliance risk obligations, ensuring controls are designed, implemented, and operating effectively to meet regulatory requirements. Lead identification, assessment, and management of operational risks, ensuring effective controls and timely remediation of incidents and issues. Oversee change risk across business and technology initiatives, ensuring risks are identified early and mitigations are embedded through the delivery lifecycle. Deliver timely, high‑quality risk insights for senior leadership and governance forums, including key metrics, emerging risks, control environment updates, and audit/regulatory response Provide coaching and guidance to less experienced team members, supporting their development and high‑quality delivery We're interested in people who have: Proven experience in Line 1 Operational and Compliance Risk, with strong knowledge of risk frameworks, controls design, incident management, and regulatory obligations Experience identifying and managing change risk across business or technology initiatives Strong stakeholder engagement and communication skills, with the ability to collaborate, influence, and provide clear risk advice Strong analytical and problem‑solving abilities, with sound judgment and a proactive approach to risk management. Confidence working in fast‑paced, complex environments with competing priorities and evolving regulatory expectations 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: 29/01/2026 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 embedding and enhancing the risk and control framework while ensuring effective oversight and management of risks and compliance obligations. Additionally, it includes delivering high-quality risk insights and coaching less experienced team members.