Senior Manager Regulatory Engagement Business Banking Compliance at Commonwealth Bank

Sydney, New South Wales, Australia -

Full Time

Start Date

Immediate

Expiry Date

30 Apr, 26

Salary

0.0

Posted On

30 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Stakeholder Relationship Building, Strategic Regulatory Advice, Regulatory Engagement, Regulatory Submissions, Regulatory Enquiries, Negotiation Skills, Written Communication, Project Management, Risk Management, Regulatory Compliance, ASIC Knowledge, APRA Knowledge, BCCC Knowledge, RBA Knowledge, ACCC Knowledge, Coaching

Industry

Financial Services

Description

Senior Manager Regulatory Engagement, Business Banking Compliance Your business Business Banking Compliance sits within the Group Compliance Line 2 function at CommBank. The team partners closely with Business Banking Line 1, support and central compliance teams to manage and advise on Business Banking regulatory engagements, implement regulatory change, and embed the Compliance Management Framework, while enabling good customer outcomes and business success through practical advice and the provision of independent monitoring and assurance. Your business partners Business Banking offers a wide range of services and solutions from Transactional Banking, Payments and Merchant Acquiring to Business Lending, Credit Structuring and Business Financial Assistance in addition to specialised services and transformative digital technology and innovation. We support the full spectrum of customers’ needs from the smallest businesses to the largest corporates. Your team Business Banking Compliance is a high-performing, collaborative team of solution-focused professionals who enable strong business outcomes. We provide expert advice and oversight across regulatory and compliance risk, product design and distribution, issue and incident management, governance reporting to senior management and the Board, and manage Regulatory Affairs. Reporting to the Head of Regulatory Affairs, the Senior Manager Regulatory Engagement plays a key role, working closely with business partners and regulators. Regulatory Affairs sits alongside Compliance Advisory and Compliance Strategy within Business Banking Compliance. Regulatory Affairs manages all Business Banking regulatory engagements with Australian Financial Services regulators, including State and Territory regulators, and CommBank’s engagements with the RBA. Key responsibilities of this role include: Building and strengthening stakeholder relationships while providing clear, strategic regulatory advice. Partnering with Business Banking Line 1 to coordinate and deliver information required by regulators. Leading proactive, transparent engagement with regulators including but not limited to ASIC, APRA, BCCC, RBA and ACCC to support effective communication. Managing the relationship and all engagements with state and territory-based authorities governing statutory trust accounts specific to the relevant profession, such as real estate or legal practice. Coordinating and overseeing the preparation of regulatory submissions and responses, including ASIC Reportable Situations and regulatory enquiries. Partnering closely with Regulatory Legal teams on significant and complex regulatory matters. Providing senior stakeholders with timely insights, analysis and practical recommendations on regulatory matters. Ensuring regulatory communications are accurate, consistent and aligned with organisational expectations. Coaching and supporting team members to deliver high-quality regulatory outcomes. Advising Business Banking teams on regulatory obligations and effective engagement approaches. Maintaining comprehensive records of regulatory interactions, commitments and outcomes. Supporting regulatory reporting and governance requirements for Board and Executive committees. Your skills & experience We’re looking for a motivated and adaptable team player who takes ownership of outcomes and brings the following skills and experience: Extensive practical experience (typically 7+ years) leading proactive, transparent engagement with regulators, including coordinating and overseeing the preparation of regulatory submissions and responses such as ASIC Reportable Situations and regulatory enquiries. Demonstrated experience engaging senior internal and external stakeholders, including regulators, ideally within Business Banking or Financial Services. Strong negotiation skills with the ability to influence outcomes and align diverse stakeholders to business and risk objectives. Excellent written communication skills, with attention to detail and the ability to produce clear, concise, high-quality materials. Strong project management skills, with the ability to coordinate complex regulatory activities, manage competing priorities and deliver high-quality outcomes to tight deadlines. Ability to provide constructive challenge and exercise sound judgement to ensure regulatory communications meet expectations. Well-developed risk management capability, with the confidence to make timely, well-reasoned decisions. Strong knowledge of ASIC, APRA, BCCC, RBA and ACCC regulatory requirements, with a solid understanding of Australian financial services law. A role model for CBA’s values of Care, Courage and Commitment. A degree in Law, Business, Commerce or a related discipline is preferred. Working at CommBank At CommBank, we’re committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. As a value’s driven organisation, we nurture and support our people, through focusing on skill and talent development, collaboration, flexibility and internal promotion. With service in mind at every touch point, we take accountability for the role we play in securing and enhancing the financial wellbeing of people, businesses and communities. 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: 12/02/2026 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 Senior Manager Regulatory Engagement will build and strengthen stakeholder relationships while providing clear, strategic regulatory advice, partnering with Business Banking Line 1 to coordinate information required by regulators. This role involves leading proactive engagement with regulators like ASIC, APRA, and RBA, and overseeing the preparation of regulatory submissions and responses.