Senior Manager, Privacy and Regulatory Compliance Audit

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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.

In Financial Services, we support the Group's strategy of building tomorrow's bank today for our customers, through a focus on three key priorities of trust, resilience and capital generation. Financial Services partner with all areas of CommBank to specialist advice, support and services in finance, audit, treasury, property, procurement, climate strategy and investor relations.

Do work that matters

Your role is to support the Group CFO, Executive Leadership Team and the Board in making efficient and confident decisions on the investment portfolio and inform them on the effectiveness and efficiency of the portfolio.

Some of the key areas you will be providing support and leadership across include:

• Oversee and deliver a professional and highly valued audit service to the business and Group's Audit & Risk Committees.
• Provide objective assurance on risk management to key customers (e.g. Group Executives and their leadership teams) to secure the financial wellbeing of the Bank's customers.
• Identify issues together with risk and commercial insights as part of high-quality audit reports, which help customers to make a difference to their business.

See yourself in our team

Our Group Audit and Assurance (GA&A) team 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.

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. Evolving customer expectations 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.

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. The next phase of our transformation is enabling continuous, data driven assurance across the 3LoA.

We're interested in hearing from people who will aspire to

• Assist the EM in building a dynamic, risk-based Audit Plan and provide input to refresh this at least quarterly, to appropriately capture key and emerging risks.
• In line with the CBA Internal Audit Methodology, oversee effective and efficient assurance to enable complete and collaborative delivery of the Regulatory Compliance and Financial Crimes Audit Plan.
• Effectively lead and participate in all aspects of audit (Planning, Fieldwork, Reporting and Audit closure) and ensure the delivery against set timelines, proactively identifying and addressing any issues through to audit closure.
• Administer audits within the audit electronic workflow system, including all aspects of high quality working paper documentation, key date fields, audits status and timely approval of key audit stage gates.
• Test Privacy Compliance requirements by re-engineering and identify opportunities for process improvements in auditable areas.
• Draft and review issues based on issue writing standards, agree on factual accuracy with the Auditee. Support the EM in presenting Very High and High risk rated issues to the Management.
• Prepare simple, pragmatic and easy to read reporting for EM's review, including the audit reports and inputs to the senior management and Board committees.
• Support the QA program, by timely and effective delivery of QA file reviews, adhering to QA standards and addressing any QA feedback promptly and effectively.
• Use analytics during audits to drive efficiency and providing deep risk insights (e.g. KRI monitoring to drive audit scope, targeted sample selection and audit testing).
• Collaboratively work with audit peers and management to provide a holistic end to end view of risks across business and functions.
• Support the EM in building and sustaining independent objective relationships with Line 1, Line 2 risk management, Project Steering committees, professional services firms and external auditors to ensure that appropriate assurance coverage is provided.

Other qualities you may possess include

• Excellent commercial acumen.
• Strong analytical and commercial skills, with demonstrated ability to draw insights from analysis.
• In-depth understanding of the risk and control environment together with a good working knowledge of relevant policies.
• Demonstrated information governance and risk management experience as well as knowledge of data protection and/or privacy.
• Familiarity with national and international privacy laws and regulations, with an understanding of the privacy regulations relevant to the Australian market.
• Ability to demonstrate independence and objectivity when faced with challenging and/or controversial decisions.
• Demonstrated capability to build and maintain relationships, both internally and externally, across functions and experience levels, and successfully embed and reinforce a strong compliance culture.
• Exceptional influencing skills and ability to manage through influence in a matrixed organisation.
• Highly proficient analytical and writing skills together with sound strategic and tactical understanding of the appropriate handling of procedural and process issues.
• Self-starter with ability to self-direct as needed.
• Proven problem solving and change management skills.
• Data protection and exposure on policies and procedures on privacy.
• Privacy impact assessment, privacy governance model.

Working with us means

Whether you're passionate about customer service, driven by data, or called by creativity, a career here is for you. At CommBank, we advocate and facilitate a culture of inclusion and respect, celebrating all cultures, abilities, genders, expressions of gender and sexual orientation. Read more about our commitment to inclusion and diversity on our website.

Our people bring their diverse backgrounds and unique perspectives to build a respectful, inclusive and flexible workplace. We are working hard to recruit people who represent the diversity of our customers and our society. If you're excited about this opportunity but you don't meet every single requirement, or your experience doesn't align perfectly, we still want to encourage you to send in your application. You may just be the perfect candidate for this opportunity or another within CommBank.

At CommBank we will inspire you with work that makes a difference, surround you with talented people that respect and value each other, and empower you to grow professionally and personally. Most of all, making a positive impact for customers, communities and each other is part of our every day.

We're determined to make a real difference for Australia's first peoples. We encourage all interested applicants to apply.

**Apply Now to live your best life, by doing your best work with us **