Risk Management Expert

3 weeks ago


Sydney, New South Wales, Australia Commonwealth Bank of Australia Full time

Regulatory Risk Management Role:

The Commonwealth Bank of Australia is seeking a highly skilled and experienced professional to join its Non-Financial Risk and Conduct team as an Associate Director, Regulatory Risk.

The successful candidate will be responsible for supporting the bank's business manage its regulatory obligations within appetite and providing subject matter expertise in relation to privacy and records management, ensuring compliance with obligations and management of compliance risk.

Key Responsibilities:

  • Provide trusted and timely privacy and records management SME advisory and support in relation to Australian regulatory and Group requirements.
  • Work with Line 2 to support IB&M global locations to meet and implement Group requirements.
  • Discharge Line 1 Privacy accountabilities under the CBA Group privacy framework.
  • Develop and maintain excellent and constructive working relationships with all relevant CBA Group and IB&M stakeholder groups and functions.

Assessments & Evaluations:

  • Conduct privacy impact assessments for IB&M initiatives and processes.
  • Perform supplier risk governance assessments for IB&M suppliers and third parties.
  • Complete internal access risk assessments for IB&M IT services.
  • Assess regulatory change applicability for privacy.
  • Conduct IB&M product governance and analytics data governance assessments.

Privacy Support:

  • Manage IB&M front door for privacy support requests and respond to ad hoc enquiries.
  • Provide SME guidance to identify and close privacy incidents and issues.
  • Support embedded risk teams in completing Compliance Self Assessments and Risk & Control Self Assessments.
  • Deliver training to embedded risk teams and provide online resources through the IB&M Privacy Hub.

Control Environment & Risk Management:

  • Perform privacy controls owned by NFR&C and design, document, implement, and embed business processes, procedures, and controls to ensure compliance with regulatory expectations.
  • Keep under review the effectiveness of design and operation of IB&M privacy controls and make recommendations for changes where appropriate.
  • Support change initiative owners to identify required privacy controls and actions required to manage impacts to privacy risk.

Requirements:

  • Experience in an advisory role in relation to Australian privacy regulatory requirements.
  • Knowledge of risk management and/or compliance in a financial services setting.
  • Pro-active outcome-focused approach, able to work autonomously.
  • Strong organisational skills and the ability to deliver a program of work alongside diverse BAU activities.
  • Ability to develop constructive working relationships with large and varied stakeholders.
  • Strategic and conceptual thinking and problem-solving skills.
  • Excellent written and oral communication skills.
  • International perspective, experience in working offshore or with offshore teams preferred.
  • Experience advising on de-identification and analytics preferred.


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