What are the responsibilities and job description for the Manager Regulatory Engagement, Business Banking Compliance position at Commonwealth Bank of Australia?
Manager Regulatory Engagement, Business Banking Compliance
Your business
Risk Management is responsible for developing and deploying the risk frameworks that allow the Group to take conscious exposures to credit, market, operational, compliance and insurance risks within the Board-approved appetite.
Business Banking (BB) Compliance sits within the broader Group Compliance function of CommBank, with a dotted reporting line through to the BB Chief Risk Officer.
Your team
Reporting to the Head of Regulatory Affairs, the Manager Regulatory Engagement is a key role in the BB Compliance team and provides an exciting opportunity to work closely with the business and its regulators.
Key responsibilities of this role include:
- Assessing, monitoring and leading investigations of Compliance incidents and issues, including supporting the effective management and prevention of Compliance breaches and reporting of significant breaches to regulators.
- Managing and improving stakeholder relationships and providing strategic regulatory advice.
- Managing correspondence with relevant regulators and partnering with teams within BB and throughout the Group to obtain required information.
We encourage a flexible/hybrid working model – ask us what this will look like for you.
Your responsibilities
- Support regulatory engagement across BB. This will involve working with key stakeholders including BB Line 1 colleagues, Compliance teams in other Business Units and other teams throughout the Group to support engagements with a range of regulators.
- Assess and notify regulators of reportable situations in line with regulatory obligations.
- Work collaboratively with a broad range of stakeholders, seek validation and approvals from senior management, and deliver to the regulator within the required timeline.
- Review documents, data and responses to be provided by the business to a regulator to provide quality control and to ensure the information provided is accurate and suitably meets the regulator’s request. Offer constructive challenge to ensure that BB continues to meet both regulatory expectations and the requirements of the Group Regulatory Engagement Standard (GRES).
- Provide regulatory compliance advice based on a deep understanding of BB strategy, products and processes.
- Support the management of cross team regulatory forums to facilitate a coordinated and consistent approach to regulatory engagement across the Group.
- Draft compliance input for Risk and Compliance Committees.
- Advocate for business solutions in the interests of customers.
- Advise and assist business stakeholders with remediation activities.
- Provide support to stakeholders within BB, other Business Units and Group functions.
- Ensure efficient and effective Compliance operations and procedures.
Your skills & experience
We are seeking a motivated and flexible team player who takes accountability for outcomes and has the following skills and experience:
- Previous compliance experience, with a preference for Commercial/Business Banking product expertise
- Knowledge of relevant laws and regulations underpinning the financial services industry
- Sound reasoning and decision-making skills with an ability to support decisions and clearly articulate commercial, regulatory and customer implications of analysis and findings.
- Strong interpersonal skills and an ability to communicate effectively and interact/advise in verbal/written communications at all stakeholder levels.
- Strategic and analytical thinking and solid business acumen.
- Ability to prioritise, schedule and meet challenging deadlines with autonomy and self-sufficiency.
- A willingness to learn, an inquisitive and open mind and a collaborative working style.
Working at CommBank
We support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you’re interested in.
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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