Do work that matters: You will be joining the CommBank Business Banking (BB) Compliance team at an extremely exciting time as you will be supporting CommBank's ambitious growth agenda for the Business Bank.You will be joining an established but expanding team which is seen as a crucial business partner for BB.The Business Banking Transactional Banking Compliance Team is an established, Line 2 Regulatory Compliance team, dedicated to the provision of proactive, solution-based support and advice.The team supports Business Banking's payments, merchants, digital, deposits and transactions businesses.See yourself in the team: Reporting directly to the Head of Compliance Transactional Banking, you will provide dedicated Line 2 Regulatory Compliance support as a senior member of our team.The role works closely with our Line 1, acting as the lead compliance representative across the transactional banking divisions/product areas of Business Banking.Your day could look like but not limited to: Regulatory Compliance advice to the Business Banking payments, merchants, digital, deposits and transactions businesses; Supporting Line 1 Risk teams and Product Managers to identify and comply with regulatory obligations (excluding Financial Crime related obligations) and licensing requirements relevant to the transactional banking divisions/product areas; Providing Compliance policy advice, independent review, challenge, direction and training; Developing and continuously improving policies, procedures, tools and practices for effectively managing regulatory risk; Providing insights and proactive advice on new and existing regulatory obligations applicable to business processes and initiatives, including consultation on and implementation of regulatory change within the respective Business Banking products; Assessing, monitoring and leading investigations of Compliance incidents and issues, including supporting the effective management and prevention of Compliance breaches, supporting regulatory reporting, and providing Compliance advice from the identification of potential breaches through to remediation and rectification; Contributing to and/or assisting the Head of Compliance on regular reporting to relevant governance forums on key Compliance Management activities and insights into compliance trends.What successful candidates will look like?We work in an outcomes driven environment, where the emphasis is on great team-work to achieve results.You will bring risk and compliance advisory experience, gained within financial services preferably in the commercial/business banking area.You will also be able to demonstrate effective stakeholder management.We're looking for: Compliance and regulatory advisory experience in the relevant discipline (3yrs +), with Commercial/Business Banking product expertise.In-depth knowledge of relevant laws and regulations underpinning the financial services industry.Proven ability to become a subject matter expert in relevant obligations and related policies, standard and procedures through extensive experience in advising key business stakeholders.Strong reasoning and decision-making skills with an ability to support decisions and clearly articulate the commercial, regulatory and customer implications of your analysis and findings.Excellent interpersonal skills and an ability to communicate effectively and interact/advise in verbal/written communications at all stakeholder levels.Strategic and analytical thinking and solid business acumen.Ability to prioritise, schedule and meet challenging deadlines with autonomy and self-sufficiency.A willingness to learn, an inquisitive and open mind and a collaborative working style.Working at CommBank At CommBank, 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're 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 989 696.Advertising End Date: 26/01/2025