Senior Associate Regulatory Reform

Do Work That Matters:

Institutional Banking and Markets (IB&M) is responsible for managing the Group's relationships with major corporate and government clients and institutional investors, and provides a full range of capital raising and risk management products and services.

The Non-Financial Risk and Conduct (NFR&C) function is responsible for developing the non-financial risk strategy and supporting the business to proactively reduce risk exposure in the business in the context of IB&M‘s risk appetite. The Non-Financial Risk and Conduct team is the central conduit between the business, Line 2 and regulators.

See Yourself in Our Team:

The Regulatory Reform team, within NFR&C, is accountable for managing global regulatory change initiatives to ensure IB&M meets its regulatory compliance objectives as well as address strategic business considerations.

We do this by:

• Assessing the regulatory risk and business impact of changes due to new (or changes in) regulations and obligations across the jurisdictions in which IB&M operates.
• Managing the implementation of the appropriate changes in our people, systems and processes to meet regulatory change requirements across the jurisdictions in which IB&M operates.
• Risk Management Excellence – ensuring consistent and effective deployment throughout Line 1 of non-financial risk management practices in line with Group-wide standards.
• Oversee ongoing adherence to G20 regulatory reform rules (trade reporting, clearing, margining, risk mitigation, business conduct and related rules).
• Co-ordinating and managing Line 1 led regulatory engagements.

Key Responsibilities Will Include:

You will support the Regulatory Reform team in assessing the regulatory risk and business impact of changes relevant to IB&M and meeting our G20 compliance obligations.

Specifically you will:

• Participate in Regulatory Reform team planning and development activities.
• Undertake analysis and document the regulatory and strategic and tactical business impacts for identified regulatory changes and strategic initiatives.
• Provide analysis and support for regulatory advocacy activities including regulatory consultations, relief requests and breach notifications.
• Provide analysis and support for responses to business issues and regulatory reporting inquiries.
• Provide analysis for regulatory and business queries on compliance with G20 obligations
• Maintain risks, issues, incidents and controls in Risk InSite, the CBA”s risk management system.

We’re Interested in Hearing From People Who Have:

• Experience working within a major financial institution, audit firm or other major company.
• Understanding of the financial markets and institutional banking industry.
• Appreciation of the regulatory reform landscape and drivers in the banking industry.
• Appreciation of operational risk and risk management approaches.
• Strong problem solving skills.
• Strong analytical skills.
• Excellent MS Excel skills.
• Strong data analytical capabilities including the ability to define and build queries and analyze output.

We’re all about making your search for your dream job at CommBank as easy as possible, which is why we’re moving to a new system. We’ll be making the change from the 15th Nov to 2nd Dec, so you won’t be able to apply for any jobs with us during that time. But we will be back and better than ever soon.

At CommBank, we're committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. As a value's driven organisation, we nurture and support our people; through focussing on skill and talent development, collaboration, flexibility and internal promotion. With service in mind at every touch point, we take accountability for the role we play in securing and enhancing the financial wellbeing of people, businesses and communities. At CommBank you can be you.

Applications close: 14 Nov 2019 AUS Eastern Daylight Time

For further information, and to apply, please visit our website via the “Apply” button below.