Senior Analyst / Manager, Risk Analytics Support
The Team
Analytics and Capital Support team is responsible for the roll-out of the economic capital framework and fostering the value of the enterprise risk management to ensure Wealth Management (WM) business activities are shareholder value accretive and are consistent with the risk appetite of the CBA Group. The team also provides the analytical and capital modelling support to the WM Businesses and to the Commonwealth Bank Group Super Defined Benefit fund (Group Super) to enhance the risk-based decision making and maintenance of the risk control cycle.
The Role
The role is responsible for assisting with the ongoing implementation of the Group's risk management frameworks in WM, ensuring that risks are well understood and that there is a strong connection between risk, strategy and product pricing. The primary focus is on market, credit and liquidity risk within WM's insurance and fund's management businesses, namely CommInsure, Colonial First State (CFS) and CFS Global Asset Management.
Senior Analyst / Manager, Risk Analytics Support is accountable for the timely execution of risk analytics and reporting related queries, enhancements and initiatives across these risk types. There may also be opportunities to assist the other team members responsible for operational risk and capital management (including economic capital) tasks.
Main Duties
- Assist the businesses in developing and monitoring against risk limits which are consistent with risk appetite and the needs/capabilities/strategy of the business.
- Identify, analyse and manage cross-enterprise risks and their migration trends in the businesses to provide transparency around risks and enable informed decision-making.
- Foster the inter-linkages between growth, risk and return to enable profitable growth of the businesses.
- Continue to enhance the risk and capital modelling capabilities within WM with the goal of allow management to more effectively assess the capital requirements of the businesses and enhance capital allocation/efficiency.
Experience Required
- Degree or equivalent qualifications in a relevant discipline
- Experience in a banking, insurance, asset management or financial services environment
- Understanding of the measurement and management of market risk (traded and non-traded), credit risk and liquidity risk
- Knowledge of economic capital and risk based decision making
- Excellent communication skills (both written and verbal) and influencing ability
- Experience with implementing or modifying risk measurement models or other programming or data base coding experience e.g. using SAS, SQL or VBA in a controlled manner.
Advertised:
15 Oct 2013 Aus. Eastern Standard Time
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