Senior Audit Manager, Funding and Liquidity Specialist

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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.

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 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.

The Business Banking audit team provides assurance over distribution and products in Business Banking.

The Treasury and Financial Risk Audit team's purpose is to provide Line 3 assurance over the Bank's Financial Risks particularly related to the frameworks, policies and models for: Market Risk; Funding; Liquidity; and Capital.

Our team are specialists in reviewing the effectiveness of frameworks and policies that seek to mitigate the risks associated with our internal and external obligations for market risk (traded and non-traded market risk), liquidity and funding (secured and unsecured).

Our team work in an integrated way with numerous specialist and business unit audit teams; namely, Wholesale Credit Risk Audit, Models, Artificial Intelligence and Data Management, Institutional Banking & Markets, Financial Services, ASB & CBA Europe NV audit teams.

Do work that matters

The Treasury and Financial Risk audit team is seeking an experienced Senior Audit Manager that has experience and background in either internal or external audit, Line 2 risk management (market risk and liquidity management experience will be highly regarded) or Line 1 financial services.

You will enjoy working in a dynamic environment and are able to focus on key issues and the details that come with it.

Your work will ultimately contribute to high quality audit reports. This work aids our stakeholders make a difference to their business and protects the Group and our customers.

In this role you will also support your Executive Manager and Manager Once removed (MoR) in providing independent assurance on risk management to key our stakeholders including the Board Audit Committee, Group Executives and their leadership teams.

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

• In line with CBA Internal Audit Methodology, operating as the Team Leader across audits, effectively plan and deliver audits across Market, Liquidity and Funding risks.
• Deliver assigned scope areas of the audit from Planning, Fieldwork, Reporting, and through to audit closure including administration of key audit stage-gates in the audit workflow system
• Interview customers & conduct process walkthroughs to understand and risk assess the business' risk and control environment
• Draft issues and agree factual accuracy and ratings with the Executive Manager and stakeholders; and prepare simple, meaningful and easy to read audit reports and issue logs
• Supervise, coach and support development of more junior team members working on audits where you are the Team Leader
• Assist your Executive Manager in building a dynamic, risk-based Audit Plan to appropriately capture key and emerging risks
• Solve problems by applying innovative thinking and actively participate in processes to capture and act on innovation ideas, which improve the way we work
• Create and develop independent and objective relationships within GA&A, the bank and externally to enable effective knowledge sharing and collaboration.

Other qualities you may possess include

• Valuation and modelling of financial instruments; for example within the IFRS 13 (fair value of financial instruments and derivatives), IFRS 2 (share based payments), IFRS 7 (fair value of loans and advances measured at amortised cost for disclosure purposes) and IFRS 9 (hedge accounting and financial guarantees) etc.
• Experience with building, validating and / or testing liquidity risk modelling and frameworks
• Experience with Prudential Standard APS 210 Liquidity from a Line 1, 2 or IA capacity e.g., Experience with non-retail funding, raising debt funding, liquidity reporting, scenario analysis and stress testing, liquidity framework and policy.
• Tertiary Qualifications – hold a tertiary qualification. Bachelor's degree in Commerce, Actuarial Studies, Finance, Business, Engineering or equivalent practical experience and/or internationally recognised audit qualification
• Typically 8+ years relevant experience in risk management (Line 1 or 2) or audit.

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. If you're already part of the Commonwealth Bank Group (including BankWest), 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.

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

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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