Economic Crime Risk Assurance Lead

Commonwealth Bank of Australia; Sydney; On-site; AUD 180,000 - 260,000; Full time

Job summary

Commonwealth Bank of Australia in Sydney is seeking an experienced Economic Crime Risk Assurance Lead to shape end-to-end assurance across Financial Crime, Scams and Fraud. You will guide strategy, planning and delivery, and act as a strategic advisor to senior stakeholders on regulatory reform delivery.

Joining a high-performing ECR Risk team, you will lead second-line assurance across AML/CTF obligations, scams controls and data-enabled approaches, build capability, influence risk culture and

Qualifications

• Extensive experience leading assurance, risk oversight, audit or controls in a large regulated org.
• Deep understanding of Fraud, Scams and Financial Crime Compliance, AML/CTF obligations.
• Ability to influence senior stakeholders with credible challenge on risk and controls.
• Experience delivering assurance over large-scale regulatory reform, remediation or transformation.

Responsibilities

• Shape the ECR assurance strategy, priorities and annual plan across AML/CTF and broader obligations.
• Lead assurance reviews over financial crime and scams controls, including design and operating effectiveness.
• Lead transition to a data-enabled assurance model using analytics and automation.
• Provide reporting and assurance opinions to leadership teams and governance forums.
• Build and develop a high-performing assurance team with data analytics capability.

Skills

Risk management

Data analytics

Stakeholder engagement

Job description

Economic Crime Risk Assurance Lead

Shape end-to-end assurance across Financial Crime, Scams and Fraud, guiding strategy, planning and delivery.

Join a high-performing Economic Crime Risk team where your expertise helps protect our customers, community and the integrity of the bank.

Partner across the Group on coordinated assurance for major regulatory reforms, giving senior stakeholders and regulators trust in implementation and outcomes.

Do Work That Matters

Economic Crime Risk (ECR) provides support to the Group's domestic and international operations, protecting the bank's integrity, reputation and community. We provide robust foundations and proactive support to enable the business to be confident in its accountability for managing Financial Crime, Fraud and Scam Risk. We equip business units globally with simple, fit-for-purpose frameworks, tools and advice to ensure proactive and effective identification and management of financial crime, fraud and scams.

See yourself in our team

Part of the broader Economic Crime Risk, Regulatory Change, Governance, Reporting and Assurance team, the ECR Risk Assurance team partners across ECR, Line 1 and Line 2 to provide expert guidance on Economic Crime risks, controls, incidents and issues. As the ECR Risk Assurance Lead, you'll hold a critical enterprise role, ensuring robust assurance coverage over Financial Crime, Scams and Fraud, while acting as a strategic advisor to senior stakeholders on reform delivery and fostering a positive risk culture where people feel safe to speak up and share ideas.

Core responsibilities

• Shape the ECR assurance strategy, priorities and annual plan across AML/CTF, the Scam Prevention Framework and broader Economic Crime Risk obligations.
• Provide second-line review and challenge of Risk and Control Self-Assessments, ensuring material risks and control weaknesses are identified, assessed and managed.
• Lead assurance reviews over key financial crime and scams controls, covering design, operating effectiveness and sustainability.
• Partner across the Group to deliver coordinated assurance over enterprise-wide regulatory reform programs, including AML/CTF Reform and the Scam Prevention Framework.
• Lead the transition to a data-enabled assurance model, leveraging analytics and automation to improve coverage, insight and efficiency.
• Provide insightful reporting and assurance opinions to the ECR Leadership Team, Economic Crime Risk Committees and governance forums.
• Build and develop a high-performing assurance team, strengthening capability in risk-based assurance, control testing and data analytics.

We're interested in hearing from people who:

• Bring extensive experience leading assurance, risk oversight, audit or controls functions within a large, complex and highly regulated organisation.
• Have a deep understanding of Fraud, Scams and Financial Crime Compliance, including AML/CTF obligations, the Scams Prevention Framework, and controls design and effectiveness.
• Can influence and engage senior stakeholders, providing clear and credible challenge on risk and control matters across Line 1 and Line 2.
• Apply strong judgement, commercial acumen and data-led thinking to identify root causes, thematic risks and opportunities for continuous improvement.
• Have provided independent review and challenge of risk and control environments, including RCSA, controls testing and remediation activities.
• Have delivered assurance over large-scale regulatory reform, remediation or transformation programs, assessing implementation effectiveness and sustainability.
• Have developed and embedded data-enabled assurance practices, using data, analytics and technology to improve assurance outcomes.

Working with us:

At CommBank, we're committed to creating an accessible, inclusive and respectful workplace. If you require support or adjustments, please let us know. We welcome applications from people of all backgrounds and we're particularly committed to making a positive difference for Aboriginal and/or Torres Strait Islander Peoples. For support please contact 1800 989 696

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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Advertising End Date: 10/11/2026