Risk and Compliance Lead, Paidit

CommBank; Sydney; On-site; AUD 180,000 - 240,000; Full time

Job summary

CommBank is seeking a seasoned risk and compliance leader who is customer focused, pragmatic and outcomes-driven. As an early stage startup, you will influence senior stakeholders while hands-on delivering at pace, with a passion for embedding a positive risk culture and leveraging AI and automation.

You will develop and embed a fit-for-purpose risk and compliance framework, manage obligations, and collaborate with x15 Risk, Line 2 Risk, Financial Crimes Compliance and Legal.

Qualifications

• Deep obligations, compliance and risk management experience.
• End-to-end risk experience in banking, ideally payments.
• Regulatory expertise in standards and frameworks.
• Experience in controls automation and working across risk and technology teams.
• Willingness to move fast and dive into the detail.

Responsibilities

• Developing, implementing and embedding a fit-for-purpose compliance and risk framework including obligations and risk profile.
• Proactively managing and identifying obligations and risks within risk appetite.
• Work with x15 Risk to ensure compliance through business development and change.
• Developing technology that supports automated compliance by design.
• Providing compliance guidance in day-to-day business operations.
• Manage root cause analysis of issues and incidents and implement control improvements.
• Develop and maintain risk and compliance tools and CAP testing support.
• Manage all licensing, statutory and Group obligations and obligation matrix.

Skills

Risk management

Compliance

Automation

Stakeholder management

Data-driven

Job description

We’re looking for a seasoned risk & compliance leader who is customer focused, pragmatic and outcomes and data-driven. As an early stage startup, you are comfortable both influencing senior stakeholders, and ‘doing the doing’ while working at pace. You should have a passion for driving a positive risk culture, managing risk and compliance as part of your everyday, with a focus on AI and automation. You need experience in solving complex business problems and are comfortable diving into the detail.

Your responsibilities

Developing, implementing and embedding a fit for purpose compliance and risk framework including:

Development of obligations and risk profile

Proactively managing and identifying obligations and risks within risk appetite

Working with x15 Risk, ensuring that the venture understands its obligations and remains compliant through business development and change

Developing technology that supports automated compliance by design; and

Providing compliance guidance and expertise in the day-to-day running of the business.

Manage root cause analysis of issues and incidents (including issues identified through audits and external processes), and implementing control improvements to address the identified gaps.

Risk management in line with CBA Operational & Compliance Risk Frameworks

Develop and maintain risk and compliance tools

Develop controls and support with Control Assurance Programme (CAP) testing

Support the closeout issues through robust control design, build and testing

Manage all compliance obligations (licensing, statutory and Group) and obligations matrix

Build and foster strong relationships with key stakeholders, including:

X15 Risk and Compliance, Line 2 Risk and Compliance, Financial Crimes Compliance and x15/CBA Legal.

What we are looking for

Deep obligations, compliance and risk management experience.

Demonstrated end-to-end risk experience in banking (and ideally payments)

Compliance and regulatory expertise

Experience in controls automation and working across risk and technology teams

A passion for moving at pace and a willingness to be hands on and dive into the detail.

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