Risk and Compliance Cadet

Community First Bank; Sydney; Presencial; AUD 60.000 - 80.000; Jornada completa

Descripción de la vacante

Community First Bank is seeking a motivated Risk & Compliance Cadet to support daily monitoring, reporting, and governance processes within our member-owned organisation. You will assist with risk assessments, assist in ICAAP-related tasks, and help implement systems to improve compliance efficiency.

The role focuses on knowledge of banking, regulatory frameworks, and collaboration with internal teams to drive improvements and ensure strong governance.

Formación

• Completed or working towards a Degree in Finance or related discipline.
• Knowledge and understanding of banking including basic deposit accounts and loans.
• Knowledge and understanding of compliance areas relating to financial institutions including ASIC and APRA frameworks.
• Demonstrated ability to implement technology and drive change.
• High level problem solving and analytical skills.
• Energised by building strong relationships in a collaborative and engaging style.

Responsabilidades

• Perform daily Risk and Compliance monitoring and reporting.
• Assist with weekly hindsight reviews of loan files for compliance and quality.
• Prepare monthly R&C metrics reports with variance analysis.
• Draft and circulate RMT papers to senior management.
• Provide coaching to new starters and interns as required.
• Support audits and strategic initiatives with the Risk & Compliance team.

Conocimientos

Finance degree

Banking knowledge

Compliance frameworks (ASIC/APRA)

Technology implementation

Analytical thinking

Relationship building

Educación

Bachelor / working towards Finance or related field

Descripción del empleo

Community First Bank is one of Australia's leading customer-owned banks, proudly serving members and communities since 1959. With more than 80,000 members, over $2.4 billion in assets, and a strong presence across Sydney, the Illawarra, Sutherland Shire, Western Sydney and the Hunter region, Community First Bank is built on a simple philosophy: people helping people. As a member-owned organisation, we reinvest in delivering exceptional service, competitive products, and meaningful community support rather than generating profits for external shareholders. Our purpose is to help our members achieve their financial goals through trusted relationships, innovation, and a genuine commitment to the communities where we live and work.

For careers at Community First Bank, you'll join a values-driven organisation that puts people first, celebrates collaboration, and empowers employees to make a real difference in the lives of members and local communities.

About the role

TheR&C Cadetis responsible fora range of tasks whichassistthe credit union meeting its complianceand riskobligations. The purpose of this role is to providesupport viaspecialist skill and knowledge in relation toa range ofcomplianceareasfor the Credit Unionwhilstworkingidentifyingopportunities to implement systems and technologies to improve efficiency and effectiveness.

What you'll do

• Completion of daily Risk and Compliancemonitoringactivities andexceptionsreportingincluding supervisor override reports, system change reports, andexception queues asrequired.
• Performing weekly hindsight reviews of loan files for compliance and qualityand reporting on outcomes and trends.
• Monthly reporting on R&C metrics andperforming avariance analysisincluding commentary
• Preparing RMT papers and circulating to senior managers prior to the meeting
• Secretary to the RMT – responsibilities include collating the agenda, minute taking, and coordinating out of cycle changes via circular resolution
• Assistwith financial analysis of credit union’s capital position – participation in the annual ICAAP process.
• Drafting of compliance returns including the annual COBA return and other returns asrequiredto CUSCAL, ASIC, and APRA.
• Assistancewith completion of internal and external audits
• Support the Risk and Compliance function with the completion of strategic initiatives
• Partner with internal departments for testing and project work to improve organisational processes.
• Policy and Procedure Maintenance - Review and produce procedures and flowcharts for critical processes across the business,work with other departments to keep procedures and policies up to date.
• Draft training materialincludingpowerpointpresentationsand quizzesasrequiredfor legislative changesor key risk areas.
• Process Improvement – Maintain a continuous improvement mindset,identifyingopportunities for process improvements.
• Project Work – Contribute to the delivery of projects across the business by reviewing suppliers, testing new processes and programs, data analytics, leading small projects, writing project documentation, and other tasks asrequired.
• Enquiries–Action enquiriesfrom internal and external stakeholdersincluding helpdesk, phonecallsand email enquiries,as well asad hoc tasks as required by Management.
• Providecoachingand guidanceto new startersand/orinternsasrequired.
• Maintain professional relationships with service providers and third parties asrequiredto maximise value and ensure continued operation efficiency.
• Maintain understanding of the COBCOP, E-Payments Code, Dealing with Deceased Accounts and Power of Attorneys, FSR, Privacy Policy.

Qualifications

• Completed or working towards a Degree inFinance or related discipline
• Knowledge and understanding ofbanking including basic deposit accounts and loans
• Knowledge and understanding of compliance areas relating to financial institutionsincluding ASIC and APRA frameworks
• Demonstrated ability to implement technology and drive change
• High level problem solving and analytical skills
• Energised by building strong relationships in a collaborative and engaging style.