Commonwealth Bank of Australia

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The Commonwealth Bank of Australia (Bank) is Australia's leading provider of integrated financial services. They are committed to continuously improving governance practices and ensuring that they are aligned with business, stakeholders and customers’ needs. Group Audit and Assurance (GA&A) are the internal audit function for the Group. Their primary purpose is to provide independent and objective assurance of the effectiveness of the Groups risk management, controls and governance processes. 

Evolving customer expectations, competitive threats and pace of change require GA&A to support the business with new insights and risk coverage that puts customers first and to continue to provide insightful assurance to the Board. As digital technology disrupts and transforms entire industries and ways of working, GA&A is committed to keeping pace and continually reimagining themselves with the latest global best technology and innovation.

Over the last three years GA&A has increasingly embedded digital assurance into audit activities, injecting Artificial Intelligence (AI) into routine control testing and using digital tools to improve the overall experience for employees. 

By reducing administrative overhead, GA&A have increased their teams capacity for high value judgement-based activities and expanded their support to include sharing knowledge and tools that create better risk coverage across the Bank for all Three Lines of Assurance. With global-best digital tools that harness the power of data, analytics and AI, GA&A are delivering smarter, faster and safer outcomes to address current and emerging risks and provide better assurance outcomes for our customers and community. GA&A was recognised as an ABA100 winner for both Risk Management and Business Innovation in The Australian Business Awards 2023.

See yourself in our team

GA&A’s Non-Financial Risk and Support Services, (NFRSS) team is responsible for auditing and reviewing CBA’s Finance, Risk Management, Change Risk Management and Support Services functions.

We partner with all areas of CommBank to provide specialist services, to both customer-facing and customer-supporting teams, in the areas of:

• Non-Financial Risk areas; including Environmental, Social & Governance (ESG) risks, Risk Management Frameworks, and Change Risk Management
• Finance; incl. Group Finance, Legal, Tax, Regulatory Reporting, Business & Support Unit Finance & Investor Relations.

As such, we provide comprehensive analysis on all manner of strategic decisions across CommBank conduct and products. From delivering strategic initiatives, management reports and scaling our automated processes, GA&A is an important business partner.

As a member of the GA&A NFRSS team you’ll advise the stakeholders across the Group to identify and mitigate areas of risk and make valuable recommendations on controls. You will enjoy working in a dynamic environment, are able to focus on key issues and the details that come with it.

Do work that matters

• Active management of Audit Reviews against the agreed audit plan and forecasts and insights for senior management in line with CBA Internal Audit Methodology
• Assistance and guidance to team members on subject matter and audit process with regards to change management risk
• Assist in the preparation of internal material for engagement, education and upskilling of the GA&A function
• Adhoc analysis of key issues and items for Senior Leadership as well as continual search for process improvement / automation of processes to streamline work.
• Assist in the development of Annual Operating Plans and Quarterly Business Review memos.
• To provide independent review of strategic risks and governance advice to relevant stakeholders

We’re interested in hearing from people who possess

• Experience in agile ways of working and auditing stakeholders working in agile while displaying innovation and delivering results
• Internal audit experience in a large organisation in particular experience of auding change activities at project, program and portfolio level
• End to end understanding of the investment allocation, delivery risk and benefits realisation process as well as demonstrated ability to manage multiple deliverables simultaneously
• Excellent interpersonal skills, with the ability to collaborate and work cross-functionally, navigating ambiguity while managing multiple scope areas or priorities in a fast-paced, deadline-driven environment, accepting accountability of the process and delivering on commitments
• Demonstrated experience and knowledge of risk frameworks to manage compliance, strategic and operational risk, ideally with a working knowledge of associated standards
• Strong communication (written and verbal) and stakeholder engagement with the ability to present and influence stakeholders and senior management
• Strong analytical and commercial skills, with demonstrated ability to draw insights from analysis

Is this your next challenge? Apply now!

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: 21/05/2024