Senior Audit Manager, Financial Crime

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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 Financial Crime & Regulatory Compliance (FCRC) team is responsible for appropriate coverage of key risks across all CBA Business lines, Support Functions and CBA Offshore branches. This includes coverage of a range of Financial Crime topics (such as AML, Embargo & Sanctions, Anti-Bribery & Corruption), Fraud and Scams, Regulatory Compliance, Data Privacy, Conduct and Legal reviews.

The Senior Audit Manager (SAM) is a senior role within the FCRC audit team and is responsible to contribute to the development and execution of the Financial Crime and Fraud audit program, manage and lead large and diverse teams and engage with senior stakeholders in Financial Crime and Fraud function and in the Business.

To thrive in this role, you will have demonstratable financial services experience and be comfortable with adapting to change. The role requires strong Financial Crime Compliance (FCC) and Fraud Risk Management experience and a proven history of executing FCC and Fraud testing programs in large financial institutions or a professional services firm.

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

• 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.
• Identify issues together with risk and commercial insights as part of high quality audit reports, which help customers to make a difference to their business.
• Actively manage Audit Reviews against the agreed audit plan and forecasts and insights for senior management
• Assist and guide team members on subject matter and audit process with regards to Financial Crime, Fraud, Privacy, Conduct, Legal and Regulatory Risk areas
• Assist in the preparation of internal material for engagement, education and upskilling of the GA&A function
• Assist in the development of Annual Operating Plans and Quarterly Business Review memos

Other qualities you may possess include

• Demonstrable financial services experience and be comfortable with adapting to change. The role requires experience in Financial Crime and / or Fraud Risk Management experience. Prior experience in risk or internal audit role in large financial institutions or a professional services firm focusing on these profile will be preferred
• Extensive experience in Compliance and/or AML Compliance and/or audit, and risk management role, preferably in a testing function with a large financial institution or professional services firm
• Extensive knowledge of, and experience in, internal auditing, risk management strategies and techniques
• Strong knowledge of FCC risks across AML/ CTF, Economic & Trade Sanctions and AB&C laws, regulations and directives, and sound understanding of ML/ TF typologies
• Excellent written and verbal communication skills with the ability to summarize findings and present in a clear, concise manner to peers, managers and the senior leadership team
• Ability to execute tasks with a sense of urgency and with the ultimate goal of delivering audits and assigned tasks on time with a capability in deriving both audit and commercial insights
• Demonstrated ability in building strong customer relationships based on credibility, rapport and trust

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! **

Advertising End Date: 11/05/2025