Risk Executive, Institutional Banking, Operational Risk
A household name in the market, Commbank are proud of our reputation of being Australia's number one Bank in customer service in our 101st year of trading. A great opportunity has arisen in our Institutional Banking Markets (IBM)Operational Risk team.
The Team
Provides advice and support to the IBM businesses in implementing and embedding the Operational Risk Management Framework (ORMF).
Businesses across IBM supported by the Operational Risk team include Corporate Finance, Debt Markets and Specialised Finance within Corporate Banking Solutions, and Client Coverage Group across the Institutional Bank.
The Role
The purpose of the role is to assist relevant business units within Corporate Banking Solutions and Client Coverage in consistent and fit for purpose Operational Risk management practices by coordinating the ongoing implementation of the ORMF.
You will be expected to work within IBM Operational Risk's Vision of "Partnering with our business to drive optimal decisions by delivering pragmatic and insightful operational risk advice."
Main Duties
- Co-ordinate, coach and assist the business in all aspects of the ORMF, including incident analysis, issues, risk profiling and scenario analysis.
- Conduct "deep dives" into areas of potential concern - identified through loss incidents, trends or at request of the business. This involves planning, scoping and performing detailed reviews on business strategy, projects, transactions and business processes.
- Be a trusted advisor on Operational Risk matters including optimal risk versus reward treatment to key internal stakeholders. Provide insightful recommendations on key risks and control issues within material projects, new products or process changes.
- Advise and challenge the business in the development and monitoring of its Risk and Control Self-Assessment.
- Perform targeted Line 2 controls assurance. This includes preparing scope, reporting results and recommendations.
Experience Required
- Extensive operational risk knowledge and experience, preferably in the banking and finance sector.
- Strong knowledge of commercial banking products and distribution channels
- Demonstrated personal and interpersonal effectiveness, and a strong team player.
- Demonstrated strategic thinking and sound business acumen.
- Ability to understand and communicate concepts accurately and concisely.
- Relevant tertiary qualifications ideally relevant professional certifications (or studying towards it).
Advertised:
24 Oct 2013 Aus. Eastern Standard Time
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