Senior Audit Manager Models, AI and Data at Commonwealth Bank

Sydney, New South Wales, Australia -

Full Time

Start Date

Immediate

Expiry Date

08 Jun, 26

Salary

0.0

Posted On

10 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Risk, AI Risk, Data Risk, Assurance, Audit Strategy, Quantitative Analysis, Model Validation, Prudential Standards, AI Governance, Risk Management, Stakeholder Engagement, Leadership, Coaching, Regulatory Compliance, GenAI, Agentic AI

Industry

Financial Services

Description

Senior Audit Manager, Models, AI and Data Lead enterprise-wide model and AI risk assurance at enterprise scale Influence strategy, regulation and risk outcomes across the Group Senior leadership exposure across Audit, Technology and Risk Do work that matters: You’ll help shape how CommBank governs, develops, validates and monitors models and AI by providing independent assurance that supports innovation, regulatory confidence and long‑term sustainability. This role provides independent assurance over the Bank’s model risk framework and modelling practices across credit risk (APS 113), market risk (APS 116), interest rate risk in the banking book (APS 117), fraud detection and other decisioning models. You will also oversee AI and emerging model methodologies, including AI where relevant. See yourself in our Team: You’ll be a senior leader within Group Audit & Assurance, part of an award‑recognised internal audit function. The Models, AI and Data Audit team partners closely with audit, risk and business leaders to provide deep expertise across AI, GenAI, Agentic AI, models and data risk. We operate at the intersection of risk, regulation, quantitative modelling and governance. Your Impact: Lead complex, high‑risk AI and model audits and advisory engagements Provide independent assurance over model development, validation, implementation and ongoing performance monitoring Assess compliance with prudential standards including APS 113, APS 116, APS 117 and broader CPS 220 expectations Shape audit strategy and risk‑based scoping across models, AI and data themes Act as a senior SME and trusted advisor to Audit leadership and stakeholders Build strong partnerships across Technology, Risk, Legal and Compliance Coach and develop talent within the audit team We’re interested in hearing from people who have: Strong academic background in a quantitative discipline (e.g. mathematics, statistics, econometrics, physics, engineering or similar) Extensive experience in audit, risk, compliance or assurance roles Deep experience in model development, model validation, model risk and quantitative risk management Strong familiarity with APRA prudential standards relevant to models, particularly APS 113, APS 116 and APS 117 Understanding of AI governance and model risk management Experience engaging with senior leaders and regulators Ability to balance technical depth with commercial judgement Excellent leadership, communication and influencing skills If this sounds like your next career opportunity, please apply now! Why join us? Lead one of the most progressive models and AI risk audit portfolios in the market High visibility role influencing enterprise‑wide risk outcomes Strong leadership pathways and professional development Inclusive, flexible and purpose‑driven culture Working at CommBank: At CommBank, 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. 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: 24/03/2026 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

This role involves leading complex, high-risk AI and model audits, providing independent assurance over model development, validation, implementation, and monitoring, while assessing compliance with prudential standards like APS 113, APS 116, and APS 117.