Risk and Compliance Cadet

Community First; Sydney; Hybrid; AUD 50,000 - 70,000; Full time

Job summary

Community First Bank in Sydney seeks a Finance/R&C Cadet to support daily risk and compliance monitoring, reporting, and regulatory returns.

You'll assist with ICAAP, COBA, and audits, while helping to implement systems to improve efficiency. This role suits a student or graduate pursuing finance, with strong problem solving and relationship skills, eager to learn in a member-owned bank.

Qualifications

• 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.

Responsibilities

• Complete daily Risk and Compliance monitoring activities and exceptions reporting.
• Perform weekly hindsight reviews of loan files for compliance and quality and reporting on outcomes and trends.
• Monthly reporting on R&C metrics and performing a variance analysis including commentary.
• Prepare RMT papers and circulating to senior managers prior to the meeting.
• Secretary to the RMT – agenda, minute taking and coordinating circular resolutions.
• Assist with ICAAP and capital position analysis.
• Draft compliance returns including COBA and other returns to CUSCAL, ASIC and APRA.
• Assist with internal and external audits and project work.

Skills

Problem solving

Analytical skills

Relationship building

Technology adoption

Education

Finance degree or related discipline

Job description

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 Compliance monitoring activities and exceptions reporting including supervisor override reports, system change reports, and exception queues as required.
• Performing weekly hindsight reviews of loan files for compliance and quality and reporting on outcomes and trends.
• Monthly reporting on R&C metrics and performing a variance analysis including 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
• Assist with 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 as required to CUSCAL, ASIC, and APRA.
• Assistance with 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 material including powerpoint presentations and quizzes as required for legislative changes or key risk areas.
• Process Improvement – Maintain a continuous improvement mindset, identifying opportunities 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 as required.
• Enquiries – Action enquiries from internal and external stakeholders including helpdesk, phone calls and email enquiries, as well as ad hoc tasks as required by Management.
• Provide coaching and guidance to new starters and/or interns as required.
• Maintain professional relationships with service providers and third parties as required to 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 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.