About us:
Institutional Banking and Markets (IB&M) is responsible for managing the Group's relationships with major corporate and government clients and institutional investors, and provides a full range of capital raising, transactional and risk management products and services. The division also performs an important internal role for the Group by providing markets, lending and transaction banking execution capabilities to other CBA business units that allows them to capture opportunities with business customers.
IB&M's purpose is to combine global connectivity and capability to build a better Australia.
Picture yourself in our team:
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 and its International Branches. 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.
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.
Group Audit & Assurance (GA&A), Western Hemisphere (WHEM) audit team is responsible for covering Commonwealth Bank of Australia (CBA) Group's wholly owned subsidiary, CBA (Europe) NV in Amsterdam and CBA International Branches in London and New York. We are recruiting an experienced Senior Audit Manager in London. The Senior Audit Manager role is a pivotal role within the GA&A WHEM audit team and your role is to support the audit team to successfully coordinate and perform the Annual Audit Plan consisting of local regulatory required and thematic audits, and support group-wide end-to-end product audits. This role will report into CBA (Europe) NV's Head of Internal Audit in Amsterdam.
Do work that matters:
The key responsibilities of this role, in order to support the overall delivery of the Western Hemisphere (WHEM) Annual Audit Plan, are:
* Coordinating and performing local regulatory required and thematic audits as well as supporting group-wide end-to-end product and/or thematic audits sampling CBA London Branch.
* Supporting CBA London Branch Management to mitigate its key Strategic, Operational, Compliance and Financial Risks.
* Administering audits within the audit workflow system, RiskInSite, including documentation, key date fields, audit status and approval of key audit stage-gates.
* Preparing simple, pragmatic and easy to read reporting for review, including audit reports, issue logs and inputs into risk-and governance reports and following up on the implementation of agreed action plans and monitoring the resolution of audit issues.
* Supporting CBA (Europe) NV's Head of Internal Audit in building and maintaining a dynamic, risk-based audit planning capturing key and emerging risks.
* Monitoring and assessing local regulatory changes impacting GA&A's Annual Audit Plan.
* Collaboratively working with audit peers and stakeholders globally to provide an end-to-end view of risk across their business.
* Creating, developing and maintaining strong advice-based relationships with Management across CBA London Branch and IB&M and building and sustaining independent and objective relationships with CBA London Line 1, Line 2, Project Steering Committees, professional services firms and external audit, ensuring appropriate assurance coverage is provided.
We're interested in hearing from people who possess:
* Relevant professional credentials (e.g. CIA, CFA, FRM or ACA/FCA).
* Experience in the financial services industry (Banking or Big 4) in a(n) (Operational) Risk or Internal Audit role covering wholesale banking products (i.e. Global Markets and Lending). Knowledge and experience with Agile auditing and use of data analytics is a plus.
* Extensive knowledge of local regulatory requirements (i.e. Bank of England - BoE, Prudential Regulation Authority - PRA, and Financial Conduct Authority - FCA).
* Ability in deriving commercial insights, such as simplifying overly complex processes.
* Confidence, enthusiasm, willingness to accept responsibility and a 'can-do' attitude.
* Independence in judgment, strongly self-motivated with the ability to challenge senior stakeholders and be challenged whilst maintaining the highest levels of professionalism.
* Team player, who can build strong relationships based on credibility and trust and work collaboratively with Management and control functions and proactive, self-starting mentality and strong analytical skills.
* Appetite for occasional international travel to participate on audit assignments.
In order to be considered please indicate your notice period and salary expectations on the application form.
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: 21/01/2025
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