Senior Operational Risk Officer

China Construction Bank; Sydney; On-site; AUD 90,000 - 130,000; Full time

Benefits offered by this job

Professional development opportunities

Disability inclusion support

Job summary

China Construction Bank (CCB) in Sydney, Australia, is seeking an experienced risk professional to support the Operational Risk framework. The role focuses on developing ORMF, leading RCSAs, and supervising internal control testing, ensuring strong risk controls and governance across the organisation.

Applicants should have 3+ years in external audit or risk assurance, with preference for banking or financial services experience.

Qualifications

• Minimum 3 years in external audit, risk assurance, internal controls or operational risk.
• Experience auditing or providing assurance to banking/financial services clients preferred.
• Strong understanding of risk management principles and assurance methodologies.

Responsibilities

• Develop and maintain the Operational Risk Management Framework (ORMF).
• Lead risk and control self-assessments (RCSAs) across the organisation.
• Perform internal control testing and Line 2 assurance oversight and remediation.

Skills

Risk assessment

Control testing

Analytical thinking

Stakeholder engagement

Documentation & reporting

Education

Bachelor's degree in Accounting/Finance/Business/Risk Management

CA/CPA qualification preferred

Tools

APRA CPS 220

APRA CPS 230

Job description

Reporting To: Director - Operational Risk

This is a full-time, permanent position that requires working on-site five days a week.

Please note that visa sponsorship is not available. Applicants must be Australian citizens or permanent residents.

Responsibilities:

Support the development and maintenance of the Operational Risk Management Framework (ORMF);

Lead and guide risk and control self-assessments (RCSAs) across the organisation;

Carry out internal control testing and Line 2 assurance activity and oversight issue remediation;

Coordinate risk workshops, and provide policy guidance to the business;

Contribute to practical operational risk scenario testing plans;

Review and challenge service provider risk assessments;

Assist in the ongoing development, collection and analysis of key risk indicators (KRIs);

Provide insights to support risk reporting, governance and ongoing framework improvements.

Partner with stakeholders to strengthen risk controls and promote a strong risk culture.

Contribute to enterprise risk management by aggregating risk assessments across the organisation and provide clear messaging to management.

Support ongoing adherence to regulatory obligations relating to operational risks, including CPS 220 and CPS 230;

Assist with organisation-wide risk training programs;

Develop and maintain key relationships throughout the business as necessary, ensuring open and effective risk communications.

Pre-requisites

Minimum 3 years of relevant experience in external audit, risk assurance, internal controls or operational risk.

Strong practical experience in external audit and assurance engagements, including risk assessments, evaluation of internal control design and effectiveness, control testing, and identification of control deficiencies.

Experience auditing or providing assurance services to banking or financial services clients is highly preferred.

Sound understanding of risk management principles, internal control frameworks and assurance methodologies.

Ability to identify control weaknesses, assess associated risks and recommend practical improvements to strengthen the control environment.

Understanding of the banking regulatory environment and operational risk management requirements, or a demonstrated ability to develop such knowledge.

Experience working with banking or financial services clients, particularly in external audit, risk assurance or internal controls engagements.

Exposure to operational risk management frameworks, risk and control self-assessments (RCSAs), and control testing.

Familiarity with APRA prudential standards, particularly CPS 220 and CPS 230.

Experience drafting or reviewing risk management frameworks, policies and procedures.

Capabilities

Strong analytical and problem-solving skills, with the ability to identify risks, evaluate controls and provide practical recommendations.

Strong verbal and written communication skills, including the ability to clearly document audit findings, control deficiencies and risk assessments.

Ability to critically assess business processes, challenge existing controls and engage effectively with stakeholders.

Strong attention to detail, sound professional judgement and a structured approach to risk assessment and assurance activities.

Ability to manage multiple assignments independently, take ownership of deliverables and meet deadlines.

Willingness to develop expertise in operational risk management within the banking sector.

Experience and Qualifications

Bachelor's degree in Accounting, Finance, Business, Risk Management or a related discipline.

Minimum 3 years of relevant professional experience in external audit, assurance, internal controls or risk management.

Candidates with 3+ years of external audit or assurance experience from a Big Four accounting firm are highly preferred, particularly those with exposure to banking or financial services clients.

Professional qualifications such as CA, CPA or equivalent are highly regarded.

Practical experience in evaluating business processes, assessing internal controls, performing control testing and preparing audit or assurance reports.

We strongly believe that a positive workplace culture will help us create a positive experience for each and every member of the CCB family. We have some really great employee benefits to offer: Professional development opportunities - we want to help our employees to be the best that they can be, so we help them on that journey

Additional Information

We encourage people with disability to apply for roles at CCB and to request any support or reasonable adjustments that may be required to fully participate in the recruitment process.

ONLY SHORTLISTE CANDIDATES WILL BE CONTACTED