Job Description
Do work that matters:
Business Banking (BB) offers a complete range of transaction, lending, and trading solutions, along with tailored offerings for over 1 million Commonwealth Bank’s small-medium enterprise customers, mid-market corporate customers, and regional and agribusiness customers. It also services our personal and institutional online trading customers via CommSec.
About BB Line 1 Risk Chapter:
Our BB Line 1 Risk Chapter partners with Product and Distribution teams to help them achieve their strategic goals, with a focus on achieving NPS30+. The Risk Chapter is responsible for ensuring appropriate end to end risk management that facilitate well informed business decisions. This is achieved by identifying, understanding, and effectively managing risk, including emerging risks.
The effective design and implementation of controls, ensuring operational risk & compliance frameworks are effectively implemented within the business. Finally, business stakeholders have appropriate oversight and governance of the risk and control environment.
See yourself in our team:
The Risk and Controls Line 1 Manager is responsible for supporting the Customer, Channel and Data (CDD) Domain teams with Line 1 Risk advice and guidance in safely delivering changes in products and processes to meet customer needs. You will play a key role within the team by strengthening, embedding and supporting ongoing improvement of the risk and compliance environment by providing risk advice on business change initiatives under the Change Management Risk Standard, where you will work with a large number of stakeholders across our Product/Delivery partners and others across the Group.
Additionally, you will also support Product Owners (POs) on other elements of the Group’s Operational Risk Management Framework (ORMF) matters such as Risk and Control/Compliance Self-Assessments, Control Assessments, Issues, Operational and Compliance Incidents.
This role will report to the Senior Manager Risk and Control Advisory.
Your Responsibilities:
Adhere to the Code of Conduct. The Code of Conduct sets the standards of behaviour, actions and decisions we expect from our people.
Contribute to a proactive risk and control culture and collaborate with the business.
Support teams developing technology and AI enabled solutions, to identify and manage the risks associated with the new solutions.
Partner with the business to manage risks, compliance obligations and operations within risk appetite, including ensuring risks are profiled and captured in the Risk Profile (RCSA) and updated when risk trigger events occur.
Responsible for the design and implementation of controls to enable better risk and compliance outcomes. This includes proactively identify opportunities to enhance the design and resiliency of business processes and controls through continuous improvements.
Responsible for data quality in/maintain various databases (including RiskInSite) and monthly management reporting.
Complete risk assessments on any change initiatives or projects impacting Business Banking processes and provide risk mitigation strategies, such as effective design and implementation of Controls.
Implementation and adherence to the Operational and Compliance Risk Management Frameworks. Provide advice and guidance to key stakeholders on the operation of the Group’s Operational Risk Framework.
We're interested in hearing from people who have:
Minimum 3 – 5 years’ experience in Risk & Compliance and / or Data and Technology / AI.
Sound knowledge and experience in risk management, control or assurance function. Knowledge in data and technology domains highly regarded.
Relevant professional qualifications and certifications would be advantageous.
Strong understanding and experience of control design/implementation and developing strategies for mitigating risk.
Experience working with projects and familiarity with Agile ways of working would be advantageous.
Advisory or business partnering experience with excellent written and verbal communication skills in providing concise and clear advice.
Your Career:
We support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you are interested in.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
We're aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 +8+ 6+6.
Advertising End Date: 16/05/2026
Business Banking (BB) offers a complete range of transaction, lending, and trading solutions, along with tailored offerings for over 1 million Commonwealth Bank’s small-medium enterprise customers, mid-market corporate customers, and regional and agribusiness customers. It also services our personal and institutional online trading customers via CommSec.
About BB Line 1 Risk Chapter:
Our BB Line 1 Risk Chapter partners with Product and Distribution teams to help them achieve their strategic goals, with a focus on achieving NPS30+. The Risk Chapter is responsible for ensuring appropriate end to end risk management that facilitate well informed business decisions. This is achieved by identifying, understanding, and effectively managing risk, including emerging risks.
The effective design and implementation of controls, ensuring operational risk & compliance frameworks are effectively implemented within the business. Finally, business stakeholders have appropriate oversight and governance of the risk and control environment.
See yourself in our team:
The Risk and Controls Line 1 Manager is responsible for supporting the Customer, Channel and Data (CDD) Domain teams with Line 1 Risk advice and guidance in safely delivering changes in products and processes to meet customer needs. You will play a key role within the team by strengthening, embedding and supporting ongoing improvement of the risk and compliance environment by providing risk advice on business change initiatives under the Change Management Risk Standard, where you will work with a large number of stakeholders across our Product/Delivery partners and others across the Group.
Additionally, you will also support Product Owners (POs) on other elements of the Group’s Operational Risk Management Framework (ORMF) matters such as Risk and Control/Compliance Self-Assessments, Control Assessments, Issues, Operational and Compliance Incidents.
This role will report to the Senior Manager Risk and Control Advisory.
Your Responsibilities:
Adhere to the Code of Conduct. The Code of Conduct sets the standards of behaviour, actions and decisions we expect from our people.
Contribute to a proactive risk and control culture and collaborate with the business.
Support teams developing technology and AI enabled solutions, to identify and manage the risks associated with the new solutions.
Partner with the business to manage risks, compliance obligations and operations within risk appetite, including ensuring risks are profiled and captured in the Risk Profile (RCSA) and updated when risk trigger events occur.
Responsible for the design and implementation of controls to enable better risk and compliance outcomes. This includes proactively identify opportunities to enhance the design and resiliency of business processes and controls through continuous improvements.
Responsible for data quality in/maintain various databases (including RiskInSite) and monthly management reporting.
Complete risk assessments on any change initiatives or projects impacting Business Banking processes and provide risk mitigation strategies, such as effective design and implementation of Controls.
Implementation and adherence to the Operational and Compliance Risk Management Frameworks. Provide advice and guidance to key stakeholders on the operation of the Group’s Operational Risk Framework.
We're interested in hearing from people who have:
Minimum 3 – 5 years’ experience in Risk & Compliance and / or Data and Technology / AI.
Sound knowledge and experience in risk management, control or assurance function. Knowledge in data and technology domains highly regarded.
Relevant professional qualifications and certifications would be advantageous.
Strong understanding and experience of control design/implementation and developing strategies for mitigating risk.
Experience working with projects and familiarity with Agile ways of working would be advantageous.
Advisory or business partnering experience with excellent written and verbal communication skills in providing concise and clear advice.
Your Career:
We support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you are interested in.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
We're aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 +8+ 6+6.
Advertising End Date: 16/05/2026
💡 Quick Summary
Seeking a career-building opportunity? The Risk and Controls Manager position is now open for candidates interested in the Bank Jobs sector. This role in Sydney offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
