Senior Audit Manager, Artificial Intelligence

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 part of GA&A, the Models, Data and Artificial Intelligence (AI) Audit team is focusing on Model Risk, Data & AI across CBA. The Models, Data & AI team reviews the effectiveness of the processes, controls and governance that seek to mitigate the risks associated with our internal, external and regulatory obligations for these risks. In addition, our team provides support for Business Audit teams across a wide range of Banking concepts and provide expert SME knowledge.

Do work that matters

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 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.

Your team adds value by:

• Ensuring the organisation is taking effective and appropriate steps to identify, address current and emerging risks in the domains of climate change, nature-related risks, biodiversity and other emerging areas of environmental risk.
• Assisting Business Units focussed units to ensure effective implementation of the Group Environmental & Social policy.
• Leading reviews across a diverse range of business units to assess key risks areas are identified and assessed.
• Maintaining a focus on the horizon to understand the emerging and increasing regulatory, fiduciary and stakeholder focus on Environmental, Social & Governance Risks and its impact on the business.

As a Senior Audit Manager, Artificial Intelligence you will be part of a team of subject matter experts (SMEs) with a strong background in Model Risk, Artificial Intelligence, and Data Management. You and your team will provide objective assurance on the risks and controls and work closely together with the business audit teams to ensure adequate coverage is provided. Further, you will closely liaise with risk stewards, the relevant departments and line 2 to ensure appropriate coverage and continuously monitor the business.

The role involves leading and supporting data related audits and supporting as a data SME, the GA&A Retail Banking, Business Banking, Investment Banking and Compliance teams, while ensuring alignment with both local and global regulatory requirements.

The successful candidate will collaborate closely with cross-functional audit teams across Technology, Operations, Global Markets, Investment Banking, Legal and Compliance, and Finance.

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

• Active management of reviews assessing Artificial Intelligence models and traditional models for accuracy, performance, regulatory compliance, and alignment with bank policies and risk appetite
• Identify and evaluate model risks related to data, robustness, biases; ensure compliance.
• Design and execute validation testing to challenge model assumptions and outcomes.
• Ensure audit activities comply with relevant laws, regulations, and guidelines.
• Collaborate with model developers and business teams to build risk-aware culture and provide guidance.
• Deliver pragmatic insights, findings and improvement recommendations to stakeholders and governance committees.
• Maintain relationships with leadership and regulators to progress strategic model governance.
• Advise senior leadership on emerging AI risks and how to manage them.
• Maintain strong relationships with the GA&A leadership team, Regulators and External Audit to gain input and buy-in to strategic initiatives.

Other qualities you may possess include

• Hands-on experience in developing, validating and reviewing models.
• Academic background in quantitative fields like engineering, mathematics, quantitative finance
• Strong understanding of the landscape of Artificial Intelligence and model risk management including local and international regulations
• Proven leadership managing audit teams and projects with model governance focus.
• Excellent analytical and problem-solving skills to assess model risks.
• Ability to simplify complex model concepts and effectively communicate insights.
• Strong project execution skills to deliver across competing priorities.
• Relationship management skills to collaborate with stakeholders

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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