Executive Manager Institutional Banking and Markets Audit

**“At CommBank we are proud to support flexibility, let’s discuss what this means for you”**

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**

As the Executive Manager, Institutional Banking, Markets and Foreign Branches Audit you will report directly to the General Manager, Institutional Banking & Markets (IB&M) and Foreign Branches Audit. The team will add value through the following:

- Using a risk-based approach, assessing and, as applicable, updating audit entities and developing a multi-year Annual Audit plan.
- In accordance with the Annual Audit plan, executing audits and serving as key experts and advisors to, Institutional Banking & Markets (IB&M) and Foreign Branches.
- Leading and supervising end-to-end product, compliance and regulatory audits including thematic and target reviews across IB&M and Foreign Branches.
- Performing continuous monitoring to capture key and emerging risks to ensure the Audit Plan remains dynamic and relevant.
- Validating closure of audit and regulatory issues in compliance with CBA’s issue validation policies.
- Providing objective assurance on risk management to key customers (e.g. Group Executives and their leadership teams).

**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.

**We’re interested in hearing from people value**:

- Driving high performance by taking accountability and leading audit team members to achieve GA&A strategic targets and goals.
- Building and delivering a dynamic risk-based Annual Audit Plan for Institutional Banking & Markets (IB&M) and Foreign Branches to support the broader GA&A Plan.
- Overseeing effective and efficient planning and delivery of audits. This includes understanding the linkages across risk classes including frameworks, process and controls mitigating the risks,
- Providing critical support for remediation initiatives, leveraging expertise.
- Mentoring and developing others, enhancing technical expertise and influence within the team.
- Driving appropriate use of analytics and AI, to achieve audit efficiency and deeper insights (i.e. the use of analytics on lead-in reviews, and KRI monitoring to drive audit scope and targeted audit testing).
- Influencing the audit approach to address emerging risks and develop audit hypotheses on existing processes and emerging risks.
- Adhering to audit methodology and QA Program, including timely and effective delivery of Quality Assurance file reviews and ensure any feedback is quickly and effectively addressed.
- Creating and developing independent, objective, and high impact relationships within GA&A, the bank and externally to enable effective knowledge sharing and collaboration and buy-in to strategic initiatives.

**Skills**:

- At least 15 years of financial services industry-based knowledge and experience.
- Extensive knowledge and experience gained in a risk or audit role across Institutional Banking and Markets products (10+ years) from Australian and/or International Banks.
- Specific expertise in auditing and/or experience in Line 2/1 roles in Commodities would be an added advantage.
- Demonstrated ability in building strong customer relationships based on credibility, rapport and trust.
- Strong People Management experience including proven experience in building and maintaining a highly motivated and performing team.
- Experience in auditing through agile discipline is desired but not must.
- Demonstrated abili