Senior Compliance Manager

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

Job summary

Commonwealth Bank’s Business Banking Compliance team seeks a Senior Manager to provide Line 2 compliance advisory for transactional banking. You’ll influence product design, deployment and lifecycle, partnering with Line 1 Risk and Product Owners to ensure compliant-by-design outcomes while navigating complex regulatory requirements.

This role offers exposure to new products and governance reporting, with a focus on deposits, transactions and merchant services within Everyday Business Banking.

Qualifications

• Extensive experience providing Line 2 compliance advisory in financial services.
• Strong knowledge of Australian financial services law and ASIC/APRA/RBA/ACCC requirements.
• Ability to translate complex regulatory requirements into practical guidance.

Responsibilities

• Provide senior Line 2 compliance advice on regulatory obligations for Transactional Banking.
• Partner with Line 1 Risk and Product Owners to manage compliance risk across design and lifecycle.
• Review and guide changes to processes, systems and operating models with practical input.
• Lead root-cause analysis and governance-aligned remediation for incidents and issues.
• Interpret regulatory requirements into clear guidance for business stakeholders.
• Contribute to governance reporting with insights on emerging themes.
• Coach team members and strengthen the broader compliance environment.

Skills

Regulatory advisory

Stakeholder management

Written communication

Risk assessment

Auditing & oversight

Education

Law/Business degree

Job description

Senior Manager, Business Banking Compliance, Transactional Banking

12-month contract or secondment

See yourself in our team

Business Banking Compliance forms part of Group Compliance Line 2 and partners with Business Banking and central teams to provide independent compliance advice, oversight and challenge. Within this function, Transactional Banking Compliance supports Payments, Everyday Business Banking, including deposit, transaction and merchant acquiring products, and Digital and CommBiz products. This is an opportunity to influence compliance outcomes across important Transactional Banking products. You’ll work with Line 1 Risk, Product Owners and senior stakeholders to support customer-focused, compliant-by-design outcomes while gaining exposure to new products, innovation and connected payments. The role predominantly supports Everyday Business Banking deposit and transaction products and reports to the Head of Transactional Banking Compliance.

Do work that matters

In this role, you will:

• provide senior Line 2 compliance advice on regulatory, licensing, Code and internal policy obligations relevant to Transactional Banking, excluding Financial Crime
• partner with Line 1 Risk teams and Product Owners to identify, assess and manage compliance risk across product design, distribution and lifecycle management
• provide independent review, challenge and practical guidance across product, process, system and operating-model change
• lead compliance input into incidents, issues and remediation, including root-cause analysis, sustainable actions and governance-aligned closure
• interpret complex regulatory and policy requirements and translate them into clear, practical advice for business stakeholders
• contribute insights, analysis and emerging themes for senior management and governance reporting
• coach and support team members, while identifying opportunities to strengthen the broader compliance environment

We’re interested in hearing from people who have:

• substantial practical experience providing Line 2 compliance advisory support, ideally within financial services, deposit and transaction products, retail banking or a related regulatory environment
• strong knowledge of Australian financial services law and relevant ASIC, APRA, BCCC, RBA and ACCC requirements
• the ability to provide constructive challenge, exercise sound judgement and develop practical solutions that support strong customer and compliance outcomes
• strong stakeholder management, negotiation and influencing skills, with the confidence to work autonomously in a busy environment
• excellent written communication skills and the ability to translate complex requirements into clear, concise materials
• strong prioritisation and delivery capability, with experience managing competing regulatory activities and deadlines

A degree in Law, Business, Commerce or a related discipline is preferred. Candidates with relevant legal, regulatory or Line 1 risk experience and demonstrated ability to apply that knowledge in a compliance environment are also encouraged to apply.

Working at CommBank

At CommBank, we’re committed to building a diverse and inclusive workforce that reflects the customers, businesses and communities we serve. We support our people through development, collaboration, flexibility and internal career opportunities. Together, we take accountability for enhancing the financial wellbeing of people, businesses and communities.

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Advertising End Date: 20/09/2026