Job Description
Full job description
Senior Manager Line 1 Operational Risk And Compliance
12‑month Opportunity
First Line operational risk role within Group Audit & Assurance
Broad exposure across enterprise‑wide risk, governance and compliance processes
Opportunity to own critical risk activities end‑to‑end in a mature, specialist role
Do work that matters
The Commonwealth Bank of Australia is Australia's leading provider of integrated financial services. They are committed to continuously improving governance practices and ensuring that the alignment of those with business, stakeholders, and customers’ needs. Group Audit and Assurance (GA&A) are the internal audit function for the Group. Their primary purpose is to provide independent and objective assurance of the effectiveness of the Groups risk management, controls, and governance processes.
See yourself in our team
The Chief Operating Office plays a critical role in ensuring that GA&A deliver leading audit practices by driving operational excellence and adoption of innovative audit techniques that maintain a high quality, fit for purpose audit methodology. It also plays a pivotal role in owning and operating Financial Services (FS) Business Unit’s Diverse Talent Program.
Your impact
In this role, you will take ownership of a range of operational risk and compliance activities, including:
Managing divisional risk processes such as Division’s Regulatory Change Management Process , Data Loss Prevention and User Behaviour Analytics alerts
Overseeing Conflict of Interest and Declaration of Independence processes specific to internal audit
Leading incident and issue management activities
Delivering control assurance activities including CAP testing, Risk Control Self‑Assessments and Compliance Self‑Assessments
Coordinating annual processes including prudential attestations and business continuity planning
Supporting change risk management across the division
Preparing monthly risk reporting and delivering clear risk and compliance communications
Representing GA&A in risk, compliance and data breach forums
We’re interested in hearing from people who have:
Experience in operational risk management and compliance within complex, regulated environments
Strong understanding of risk and control frameworks, including technology and cyber risk
Proven ability to own and deliver processes end‑to‑end with minimal supervision
Confidence engaging with senior stakeholders and influencing outcomes
A practical, delivery‑focused mindset with the ability to work through ambiguity and competing priorities
A collaborative approach, balanced with the ability to work autonomously
Working at CommBank
We support our people with flexible options to balance how and where work is done, with time each month connecting in the office. We also offer options such as varied start and finish times, part‑time arrangements and job‑share. Talk to us about how flexibility might work for you.
If you’re motivated by meaningful work, open to learning and excited by variety, we’d love to hear from you. Apply now.
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 1800XXXXXX.
Advertising End Date: 13/04/2026
Senior Manager Line 1 Operational Risk And Compliance
12‑month Opportunity
First Line operational risk role within Group Audit & Assurance
Broad exposure across enterprise‑wide risk, governance and compliance processes
Opportunity to own critical risk activities end‑to‑end in a mature, specialist role
Do work that matters
The Commonwealth Bank of Australia is Australia's leading provider of integrated financial services. They are committed to continuously improving governance practices and ensuring that the alignment of those with business, stakeholders, and customers’ needs. Group Audit and Assurance (GA&A) are the internal audit function for the Group. Their primary purpose is to provide independent and objective assurance of the effectiveness of the Groups risk management, controls, and governance processes.
See yourself in our team
The Chief Operating Office plays a critical role in ensuring that GA&A deliver leading audit practices by driving operational excellence and adoption of innovative audit techniques that maintain a high quality, fit for purpose audit methodology. It also plays a pivotal role in owning and operating Financial Services (FS) Business Unit’s Diverse Talent Program.
Your impact
In this role, you will take ownership of a range of operational risk and compliance activities, including:
Managing divisional risk processes such as Division’s Regulatory Change Management Process , Data Loss Prevention and User Behaviour Analytics alerts
Overseeing Conflict of Interest and Declaration of Independence processes specific to internal audit
Leading incident and issue management activities
Delivering control assurance activities including CAP testing, Risk Control Self‑Assessments and Compliance Self‑Assessments
Coordinating annual processes including prudential attestations and business continuity planning
Supporting change risk management across the division
Preparing monthly risk reporting and delivering clear risk and compliance communications
Representing GA&A in risk, compliance and data breach forums
We’re interested in hearing from people who have:
Experience in operational risk management and compliance within complex, regulated environments
Strong understanding of risk and control frameworks, including technology and cyber risk
Proven ability to own and deliver processes end‑to‑end with minimal supervision
Confidence engaging with senior stakeholders and influencing outcomes
A practical, delivery‑focused mindset with the ability to work through ambiguity and competing priorities
A collaborative approach, balanced with the ability to work autonomously
Working at CommBank
We support our people with flexible options to balance how and where work is done, with time each month connecting in the office. We also offer options such as varied start and finish times, part‑time arrangements and job‑share. Talk to us about how flexibility might work for you.
If you’re motivated by meaningful work, open to learning and excited by variety, we’d love to hear from you. Apply now.
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 1800XXXXXX.
Advertising End Date: 13/04/2026
💡 Quick Summary
Seeking a career-building opportunity? The Senior Manager Line 1 Operational Risk And Compliance position is now open for candidates interested in the Finance 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 Finance is a plus.
