Senior Audit Manager Data Management

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 in the Data, Models & AI Audit team, you will play a pivotal role within Group Audit and Assurance, focusing on Data Risk, specifically data frameworks, data transfer activities, and ensuring compliance with relevant regulations and standards such as those provided by APRA and ASIC.

This role reports to the Executive Manager of Models, AI and Data Audit and is instrumental in assessing the Group’s data risk management processes and controls.

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

• Subject matter expertise of data and records management, related enterprise governance program, and the associated risks and controls
• Lead the development and execution of the internal audit plan focused on data risk, ensuring alignment with the bank's overall audit strategy and risk management framework
• Conduct risk-based audits to assess the effectiveness of data management controls, data governance, data security and data privacy practices across various business units
• Ensure audits align with local and international regulatory requirements and standards
• Collaborate with data governance, cybersecurity, and line 2 teams to ensure a comprehensive approach to data risk audits
• Present audit findings and data risk exposures to stakeholders, including senior management and relevant stakeholders
• Participate to Data related risk committees as a strong representative of the GA&A function
• Ensure that corrective actions are appropriately designed, implemented, and effective in mitigating identified risks
• Foster a strong culture of data risk awareness within the audit team and across the business
• Support training programs and awareness initiatives related to data risk and contribute to the continuous improvement of the internal audit processes
• Maintain strong relationships with the GA&A leadership team, Regulators and External Audit to gain input and buy-in to strategic initiatives
• Subject matter expertise of data and records management, related enterprise governance program, and the associated risks and controls

Other qualities you may possess include

• Hands-on experience in data management and associated tools, reviewing data flows, validating data controls
• Strong experience of Internal Audit and compliance framework
• Strong understanding of data controls and interfaces
• Strong understanding of the landscape of Data Management, , including local and international regulations
• Preferred managerial experience of SME audit teams
• Excellent project management and organisational skills to deliver across multiple competing and time-bound priorities
• Strong verbal and written communication skills with the ability to explain complex concepts using simple language
• Strong relationship and stakeholder management skills
• Previous internal audit experience is necessary

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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