Manager Risk and Controls Line 1, Financial Services

Financial Services (FS) partners with all areas of CommBank to provide specialist advice on financial management and strategy. This advice covers finance, audit, treasury, investor relations, environmental, property and procurement. The FS Line 1 Risk Oversight (FS L1RO) team governs and supports the lines of business within Financial Services in achieving excellence in risk management and operating an effective control setting.

FS L1RO aims to achieve a demonstrable uplift in risk management and controls activities across Financial Services.

Do work that matters Your role is to support the FS L1RO team in providing robust oversight, governance, and management of non-financial risks and controls within Financial Services. You’ll be responsible for driving consistency, simplicity and efficiency into the risk reporting and governance processes. You will engage and influence a broad range of stakeholders to uplift risk capability across FS.

This is a broad and dynamic role where the ability to engage a large and varied stakeholder group and translate policy into practice is a critical success factor. See yourself in our team This role is wide reaching which includes, however not limited, to the following:

Responsible for preparing risk reporting for FS non-financial risk committees and forums, ensuring that high-quality, relevant and consistent information is provided to oversee and manage operational and compliance risk and to facilitate decision-making

Apply experience and knowledge to identify opportunities for improvement in risk reporting processes including automation, and drive uplift design and implementation

Responsible for the design and implementation / support the business to design and implement controls

Responsible for ensuring risks are profiled and captured in the Risk Profile (RCSA)



and update when risk trigger events occur

Manage root cause analysis of issues and incidents, identifying and implementing control improvements

Conduct and manage Control Assurance Program (CAP) testing, including the development of test scripts, and report on assurance findings

Prepare information to support the strategic planning process and conduct analysis, tracking and reporting on the Risk Appetite Statement (RAS)

Administer governance forums, including preparation, minuting and action management

Participate in Group wide working groups for improving the risk and control environment, with a view to manage impacts and positively influence outcomes for FS

We’re interested in hearing from people who will aspire to Self-driven, proactive and able to work independently

Ability to analyse/identify risks and opportunities then recommend appropriate actions and controls

Facilitation, influencing and consulting skills, the ability to build relationships with stakeholders at all levels

Ability to navigate ambiguity and apply professional judgement

Strong written and verbal communication skills

Strong problem solving and analytical skills

Proven ability to lead change and process improvement

4+ years of experience in finance or accounting

Tertiary Qualifications – hold a tertiary qualification in accounting, finance, or an equivalent business-related discipline

Accounting qualification – CPA or CA

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.

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Advertising End Date: 18/08/2026

📌 Manager Risk and Controls Line 1, Financial Services (Sydney)
🏢 Commonwealth Bank
📍 Sydney