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Audit Manager, Third Parties

Commonwealth Bank of Australia
Sydney, Australia
Closing date
Aug 7, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
"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. Group Audit and Assurance (GA&A) 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.

Evolving customer expectations, competitive threats and pace of change require GA&A to support the business with new insights and risk coverage that puts customers first and to continue to provide insightful assurance to the Board. 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.

Over the last three years 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.

By reducing administrative overhead, GA&A have increased their teams capacity for high value judgement-based activities and expanded their support to include sharing knowledge and tools that create better risk coverage across the Bank for all Three Lines of Assurance. With global-best digital tools that harness the power of data, analytics and AI, GA&A are delivering smarter, faster and safer outcomes to address current and emerging risks and provide better assurance outcomes for our customers and community. GA&A was recognised as an ABA100 winner for both Risk Management and Business Innovation in The Australian Business Awards 2023.

See yourself in our team

The Third Parties, Group Strategy, X15 & Operational Resilience audit team provides coverage over a wide range of areas with audit accountability over the majority of the Group.

The team adds value to the Group by:
  • Deliver a professional and highly valued audit service to the business and Group's Audit & Risk Committees
  • Provide 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 to customers that makes a real difference to their business

Do work that matters
  • In line with CBA Internal Audit Methodology build, review and deliver effective and efficient assurance of your audit portfolio
  • Effectively support, supervise and 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 electronic workflow system
  • Solve problems by applying innovative thinking and actively participate in processes to capture and act on innovation ideas, which improve the way we work
  • Draft issues and agree factual accuracy and ratings with the Team Leader and the stakeholders, as well support the Team Leader in preparing simple, pragmatic and easy to read audit reporting, including audit reports and issue logs
  • Create and develop independent and objective relationships within GA&A, the bank and externally to enable effective knowledge sharing and collaboration

We're interested in hearing from people who possess
  • Experience gained in an audit, Line 1 or Line 2 role is required, assuring risks posed by third party suppliers
  • Understanding of Technology risk and IT General Controls is preferred but not essential
  • A solid understanding and knowledge of product and operational functions and regulatory obligations in a banking environment is preferred
  • Ability to build strong customer relationships based on credibility, rapport and trust to derive commercial insights
  • Relevant internationally recognised auditing or professional accounting qualifications

If this sounds interesting to you, APPLY NOW!

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: 03/08/2024

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