Organization: At CommBank, we never lose sight of the role we play in other people’s financial wellbeing. Our focus is to help people and businesses move forward to progress. To make the right financial decisions and achieve their dreams, targets, and aspirations. Regardless of where you work within our organisation, your initiative, talent, ideas, and energy all contribute to the impact that we can make with our work. Together we can achieve great things.

Job Title: Risk and Controls Manager Line 1

Location: Bengaluru - Manyata Tech Park

Business & Team: ECCO L1 - Risk and Control Enablement at CBA India supports Enabling Functions, Operational Business, and Technology Business streams by providing Risk Advisory Services. They assist with Line 2 and Line 3 reviews, incident management, and Risk assessment using Operational Risk Management Framework and 5x5 risk assessment matrix to improve data quality and enhance Risk Management Activities.

Impact & Contribution: The role will support the CBA India Entity. The objective of the role will be to support the maintenance of an effective risk management framework and build a strong Risk Culture within CBA India. The nature of the role involves specific engagement across multiple stakeholders ranging across levels within the organization.

Roles & Responsibilities: You will be expected to perform the following tasks in a manner consistent with CBA's Values and People Capabilities:

• Responsible for the design and implementation and/or support the CBA India Entity to design and implement controls to enable better risk and compliance outcomes.
• Maintain and embed the Operational and Risk Management Framework (ORMF).
• Ensure new risks or changes to risks arising out of the domains are clearly articulated and documented, understood by domain leads / stakeholders and approved / risk accepted at the appropriate level.
• Responsible for ensuring the correct risk and controls overlay the end-to-end process mapping and documentation management to support the control process.
• Identify, lead and manage the continuous improvement of the business control environment by using data to generate insights and reports.
• Advise on strategic Operational change initiatives; Contribute to a proactive risk and control culture and collaborate with the business Conduct root cause analysis of issues and incidents, ensure action plans are appropriate, and target dates are met
• Assist in the management of the bank’s Issues Management Framework, (including audit activity), in line with Group standards.
• Work effectively with Line 2 colleagues to determine optimal course of action to manage risks.
• Support the delivery of papers, presentations and reports for the CBA India and Functional Non-Financial Risk Committee and other committees, forums and project committees as required.
• Manage root cause analysis of issues and incidents, identifying and implementing control improvements.
• Responsible for ensuring risks are profiled and captured in the Risk Profile (RCSA) and updated when risk trigger events occur.
• Develop and producing risk governance reporting to provide insights across the portfolio from a risk lens and for senior management decisions.
• Support the delivery of Change risk assessments for projects as and when needed; Ensure compliance with the Group Change risk Management Standard and Procedures, and ensure records and evidence are retained in the risk tools and systems.
• Build & implement CBA India Risk Culture framework to increase awareness on Architecture & Behavioural elements in line with APRA and CBA Group Risk Culture themes
• Promote a culture of open communication about risks and encourage team members to step in, speak up, and do what’s right
• Lead initiatives to improve and sustain risk culture through targeted risk culture reviews and self-reflection exercises
• Act as a trusted advisor to senior management across CBA India regarding risk maturity and behaviours and support on other ad-hoc duties as needed.
  
  

Essential Skills:

• 9-12 years of strong experience in Operational risk management.
• Experience in Operational risk & controls function is preferred.
• Working experience in Enabling domains.
• Ability to analyse/identify risks and opportunities and recommend appropriate actions.
• Strong understanding of governance and Change risk activities.
• Influencing and consulting skills, the ability to build relationships with executive stakeholders.
• Ability to think critically and analytically and use data driven insights to solve problems
• Strong understanding and knowledge of the risk and control environment and framework with proven experience with Operational and compliance risks
• Strong written and verbal communication skills.
  
  

Education Qualification: Bachelor’s degree/Master’s degree in Arts/ Business Management/ Computer Applications / Business Administration

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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Advertising End Date: 03/05/2025