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  • Posted: Jul 25, 2017
    Deadline: Not specified
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    Australia’s leading provider of financial services including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services. We are a business with more than 800,000 shareholders and over 52,000 employees. We offer a full range of financial services to help all Austral...
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    Manager: Operational Risk (Line 1)

    Job description

    The Commonwealth Bank Group is executing a plan to enter and disrupt the South African banking market. This will be achieved through a combination of innovative technology platforms, simple transparent and relevant customer offers, unique and differentiated partnerships and a distinctive focus on digital banking. Our strategy is one of financial inclusion – we are looking to breaking down the barriers to participation in the formal financial system. We will do this through a combination of this ultra-low cost innovative digital banking proposition together with an emphasis on financial literacy where we will deliver the knowledge and understanding that is a prerequisite to trust and participation.

    The Purpose Of The Role

    You will implement best practice operational risk management frameworks and practices across CBSA. You must ensure a risk based approach to risk management across everything we do and must ensure that potential risks are identified, assessed, considered, reported on and understood by business leaders when making decisions.

    You Will

    Perform the following tasks in manner consistent with CBA’s values of Integrity, Accountability, Collaboration, Service and Excellence. People Capabilities will be at the forefront of what you do including Customer Focus, Team & Culture, Continuous Improvement, Effective Communication, Judgement and Drive Results.

    • Assist the Technology and Operations Team in the implementation of appropriate operational risk processes and practices across all business units including the development of risk and control self-assessment, control testing, development and monitoring of key risk indicators, internal loss data and issue management.
    • Produce adequate Line 1 Operational Risk reporting for CBSA and ensure that the Technology and Operations Leaders, Head of Operational Risk and other senior stakeholders are kept informed of emerging risks and ongoing performance.
    • Identify, assess and report on operational risks for CBSA.
    • Provide operational risk capability exchange to IFS investments.
    • Participate, facilitate and lead as required in internal control and thematic reviews.
    • Identify, assess and report on key risks and control issues within material projects, new products or process changes. Provide advice on the remediation of incidents identified through the Incident Management process.
    • Escalate any areas of concern and ensure remedial steps are identified and implemented.
    • Perform deep dive and thematic reviews on management request.
    • Perform root cause analysis and lessons learnt on risk events.
    • Identify potential fraud risks and highlight to management.

    What will make you successful?

    • Tertiary qualifications in a finance, legal or commerce discipline desirable. Understanding the business, it’s processes and possible weaknesses to be able to implement the elements of the Operational Risk Management Framework.
    • 7 Years’ Experience in implementing and managing operational risk management frameworks in a banking or insurance environment.
    • Ability to identify risks, support the business on developing controls and applying good risk practices.
    • Be able to multi task and be a self-starter.
    • Ability to work with a broad range of stakeholders.

    We are committed to building a respectful and inclusive workplace, appointing the best person for the role, supporting diversity. All information will be held in the strictest of confidence.

    Method of Application

    Interested and qualified? Go to Commonwealth Bank on careers.pageuppeople.com to apply

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