Director Regulatory Reform Implementation

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 division also performs an important internal role for the Group by providing FICC market, equity derivatives, lending and capital markets execution capabilities to other CBA business units that allows them to capture opportunities with their customers.

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 be accountable for driving (and in some case supporting) the implementation of regulatory changes impacting IB&M, including G20 regulatory reform initiatives.

Specifically you will implement regulatory reform changes in our people, systems and processes through:

• Reliance on the Group Delivery Framework.
• Planning and arranging funding for regulatory change projects.
• Manage a flexible contract-based resource pool of project leads and business analysts who will:
• provide clear and detailed business requirements and completion of traceability matrices (provided by Line 2);
• work with other teams to deliver regulatory change and
• design and deliver key controls.
• Maintain oversight of change delivery/implementation, including delivery undertaken by other teams as appropriate.
• Ensure solutions meet regulatory expectations and strategic business objectives;

We’re Interested in Hearing From People Who Have:

• Experience dealing with regulatory and compliance issues within a major financial institution, audit firm or other major company, ideally a minimum of ten years.
• Knowledge of current applicable regulatory requirements relevant to regulated financial institutions in Australia and/or other global locations, preferable in IB&M Business.
• Understanding of financial markets and the institutional banking industry.
• Proven leadership skills.
• Previous experience of successfully delivering regulatory reform change programs across G20 reform.
• Demonstrated ability to lead project based work, develop plans, built project teams, influence business partners and deliver to deadlines.
• Strong strategic and conceptual thinking and problem solving skills.
• Excellent analytical skills and experience in delivering complex business requirements using both waterfall and agile methodologies.

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.