Senior Compliance Manager BB Compliance

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

Job summary

Commonwealth Bank in Sydney seeks a Senior Manager – BB Compliance to act as the SPF SME, providing specialist guidance on scams prevention and related regulatory requirements. You will coordinate SPF governance, support advisors and unite BB with Group regulatory change teams to ensure consistent interpretation and application.

You will develop SPF training, share insights on regulatory developments and help build capability across BB Compliance to support compliant customer outcomes.

Qualifications

• Demonstrated practical experience in Compliance Advisory and regulatory change within banking and financial services.
• Strong regulatory interpretation skills to translate complex requirements into practical guidance.
• Excellent stakeholder management and influencing abilities for diverse groups.
• Clear written and verbal communication for senior stakeholders.
• Sound project management to coordinate complex regulatory activities and deadlines.
• Experience developing and delivering SPF training and building capability.
• Deep SPF knowledge including applicable legislation, rules and regulatory requirements in banking.

Responsibilities

• Provide specialist compliance expertise and interpretation on SPF, scams legislation and Group requirements.
• Support BB Compliance Advisors to promote consistent SPF interpretation across BB.
• Provide updates on SPF regulatory developments and guidance in team forums.
• Develop and deliver SPF training to embed knowledge across BB Compliance.
• Liaise with Group Regulatory Change and Line 1 Regulatory Change teams regarding SPF.
• Represent BB Compliance in SPF consultations and enterprise working groups.
• Coordinate SPF governance, planning, prioritisation and reporting.
• Identify and escalate SPF risks, issues and themes across BB.
• Provide input on SPF regulatory change, incidents and compliance assessments.
• Share insights to build capability across BB Compliance.

Skills

Regulatory interpretation

Stakeholder management

Communication skills

Project management

Training delivery

SPF knowledge

Regulatory change

Education

Law degree

Job description

Senior Manager – Business Banking Compliance (Scams Prevention Framework)

See yourself in our team:

Business Banking (BB) Compliance sits within the Group Compliance Line 2 function at CommBank. The team partners with BB Line 1, support and central compliance teams to manage regulatory change and compliance risk and provide practical advice and independent oversight.

Your business partners:

BB provides a broad range of banking, payments, lending and specialist solutions to business customers ranging from small businesses to large corporates.

Do work that matters:

BB Compliance provides expert advice and oversight across regulatory and compliance risk, regulatory change, issues and incidents, and governance reporting.

The Senior Manager – BB Compliance is the BB Compliance Subject Matter Expert (SME) for the Scams Prevention Framework (SPF) and related scams regulatory requirements. The role provides specialist expertise, interpretation and coordination, while building the SPF knowledge and capability across BB Compliance.

The role supports BB Compliance Advisors with specialist guidance. Compliance Advisors remain accountable for regulatory advice to their aligned businesses andin applying SPF obligations within their specific business, product and customer context.

Key responsibilities for this role includes:

• Providing specialist compliance expertise and interpretation on the SPF, scams legislation, regulatory expectations and Group requirements.

• Supporting BB Compliance Advisors to promote consistent interpretation and application of SPF across BB.

• Providing regular updates on SPF regulatory developments, emerging issues and guidance through BB Compliance team meetings and other relevant forums.

• Developing and delivering SPF training and capability uplift to embed knowledge and expertise across BB Compliance.

• Acting as the primary BB Compliance liaison with the Group Regulatory Change and Framework team and Line 1 Regulatory Change team regarding the SPF.

• Representing BB Compliance in SPF consultations, advocacy and relevant enterprise working groups.

• Coordinating SPF governance, planning, prioritisation and management reporting.

• Identifying and escalating emerging SPF risks, issues and themes across BB.

• Providing specialist input on SPF regulatory change, implementation, incidents, issues and compliance assessments.

• Sharing insights and lessons learned to promote consistency and build capability across BB Compliance.

We’re interested in hearing from people who have:

• Demonstrated practical experience in Compliance Advisory and/or Regulatory Change within the banking and financial services industry.

• Strong regulatory interpretation skills, with the ability to translate complex requirements into clear, practical guidance.

• Strong stakeholder management, negotiation and influencing skills, with the ability to align diverse stakeholders to business, customer and risk objectives.

• Excellent written and verbal communication skills, with the ability to produce clear, concise and high-quality materials for senior stakeholders.

• Strong project management and organisational skills, with the ability to coordinate complex regulatory activities, manage competing priorities and deliver to tight deadlines.

• Ability to provide constructive challenge and exercise sound judgement to support good customer and compliance outcomes.

• Experience developing and delivering training and building capability across diverse stakeholder groups.

• Strong working knowledge and practical understanding of the SPF, including applicable legislation, rules, codes and regulatory requirements, and their application within banking, or the ability to quickly develop deep subject matter expertise.

• A commitment to CBA’s values of Care, Courage and Commitment.

• A relevant tertiary qualification, particularly in law, and/or strong knowledge and practical understanding of payment products and payment systems is highly desirable.

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.

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