Senior Audit Manager, Wholesale Credit Risk

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 Wholesale Credit Risk Audit team focuses on the Credit Risks within the wholesale (IB&M and Business Banking).  As a Senior Manager for Wholesale Credit Risk (WCR), you will provide objective assurance on credit risk management including segment portfolio management and work closely together with the business audit teams to ensure adequate coverage is provided. You will also liaise with Line 2 for audit delivery and business monitoring. 

Do work that matters

Your role is to support the Executive Manager in making efficient decisions on the WCR portfolio and inform them on the effectiveness and efficiency of the portfolio.

The team will add value through:

• Delivering a professional and highly valued audit service to the business
• Providing 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
• Provide commercial insights as part of high quality audit reports, which can help customers in their business

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

• Support EM in building and delivering a dynamic, risk-based assurance for the Wholesale (Institutional Banking and Business Banking) Credit Risk audit team 
• Lead effective and efficient planning and delivery of audits from Planning, Fieldwork, Reporting, and through to audit closure including administration of key audit stage-gates in the audit electronic workflow system
• Serve as a credit subject matter expert, providing robust challenge to the second line in strengthening their control environment. Additionally, offer specialised credit risk insights and support to peer audit teams across Institutional Banking and Business Banking to enhance the execution of related audit engagements.
• Lead management discussions and agree factual accuracy and ratings with the stakeholders, as well supervise the audit team in preparing concise audit reports and issues-log
• Adherence 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
• 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

• Solid knowledge and experience in Wholesale Credit Risk management and/or Wholesale Credit Audit in major financial institution
• Strong communication (written and verbal) and senior stakeholder engagement with the ability to present and influence senior management, and experience in, internal audit and risk management (desirable)
• Good project management and organizational skills to deliver time-bound priorities
• Relevant internationally recognised auditing or professional accounting qualifications and / or International Credit related professional qualification Relevant internationally recognised auditing or professional accounting qualifications and experience with SQL or Tableau preferred

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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