Manager Reward Governance

2 weeks ago

Sydney, New South Wales, Australia Commonwealth Bank Full time

About the team


People are a key part of the Group's strategy and HR partner with our business units in building a vibrant, customer focused and high integrity culture.

Human Resources are the custodians of the employee lifecycle - from acquiring talent, through to leadership development and training, internal mobility, advising on employee relations, and delivering remuneration and benefits programs.


The Leadership, Performance and Reward (LT&R) team encompasses Reward Governance, Group Reward and Performance, Business Unit Remuneration, Variable Remuneration & Recognition and Reward Optimisation functions.

It aims to assist the business in maximising its return on its greatest investment, our people.


The Reward Governance team is responsible for managing CBA Group reward governance, remuneration regulatory compliance, the LT&R risk agenda, employee equity and superannuation.


Do work that matters:


Your role will focus on managing the Performance and Reward team's governance and assurance accountabilities, focusing on remuneration compliance, governance and disclosure.


Key responsibilities of the role include:

  • Maintain currency in current and emerging remuneration regulatory requirements impacting all Group jurisdictions, specifically CPS 51
  • Prepare papers on remuneration governance and assurance matters, including for the Executive Leadership Team, People & Remuneration Committee, main
- and subsidiary boards

  • Contribute to the design and implementation bestpractice remuneration governance policies and frameworks in compliance with relevant regulatory requirements (e.g. Prudential Standard CPS 511), supporting the Group's strategy, and considering current and emerging market practice
  • Build relationships and influence managers to ensure that all reward governance practice design and outcomes adhere to the applicable Group policies and standards and regulatory requirements
  • Manage key remuneration governance and assurance processes, including remuneration approvals for regulated roles and remuneration disclosures
  • Provide guidance, advice and reporting relating to remuneration governance and assurance for internal and external stakeholders
  • Working closely with Legal, ensure compliance with legislative and regulatory requirements
  • Monitor compliance and effectiveness of the Group remuneration policy and governance frameworks and practices, and recommend improvements for approval
  • Coordinate the annual review of relevant remunerationrelated policies, including the Group Remuneration Policy
  • Lead Reward Governance team and LT&R projects as required, including developing project plans, tracking progress and mitigating risks to ensure outcomes are delivered on time and as agreed.

About you

  • 2+ years' experience in financial services regulatory requirements or risk and compliance focussing on Australia
  • 34 years' experience in reward governance preferred
  • Strong consulting and advisory skills
  • Sound understanding of the financial services environment and regulatory requirements
  • Sound judgement and decision making skills, and proven history of delivering outcomes
  • Creative, commercial approach to problem solving
  • Ability to deal with ambiguity
This role is a 12 month contract

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