What are the responsibilities and job description for the Manager Group Regulatory Change position at Commonwealth Bank of Australia?
Manager Group Regulatory Change
See yourself in our team:
The Group Regulatory Change & Advocacy Chapter is responsible for influencing advocacy outcomes and facilitating regulatory change implementation across the CBA Group to ensure we have appropriate compliance arrangements in place to safe-guard our customers and preserve public trust.
The role of the Manager will include gaining a detailed understanding of the regulatory change, and preparing a detailed assessment including an interpretation of the new/amended requirements, determining the impact of the changes to CBA, supporting identification and appointment of the Regulatory Change Sponsor, drafting obligations and working in partnership with BU/SUs to ensure that compliance arrangements and controls are in place prior to the compliance date.
Key responsibilities for this role includes:
You will be expected to perform the following tasks in a manner consistent with CBA's Values and People Capabilities:
- Monitoring the pipeline for early identification of regulatory reforms and tracking actions in Jira.
- Providing Group-wide Guidance on Implementation of Regulatory Changes.
- Preparing regulatory change artefacts, including the Regulatory Change Analysis Report
- Obligations drafting.
- Communicating regulatory change requirements and timeframes to impacted stakeholders.
- Recording and maintaining obligations data in the Group’s obligations register.
- Communicating obligations data changes to key stakeholders
- Providing inputs to various Regulatory Change Reports for senior management including the ELT and the Board.
We're interested in hearing from people who have:
- Strong operational risk management / assurance / compliance experience in the banking or financial services industry.
- Technical knowledge of and the ability to transform complex legislation into simple, easy to understand language.
- Sound capability to analyse data and transform into key insights.
- Proven experience in compiling, preparing and writing of reports to senior management and stakeholders.
- Strong written and oral communication skills with demonstrated capability in engaging with and managing stakeholders, including an ability to effectively challenge and work with resistance.
- Strong teamwork focus with excellence in driving results and delivering customer satisfaction.
- Legal background desirable.
If you are an experienced professional with a desire to take on complex work/projects then we would love to hear from you!
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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