Global Trade Finance Risk Oversight Lead

The Commonwealth Bank is seeking a Global Trade Finance Risk Oversight Lead in Sydney, responsible for managing operational risk in Commodities, Trade, and Carbon. Key duties include designing controls, monitoring risks, and advising on risk management. Candidates should have strong operational risk experience, analytical skills, and understanding of Trade Finance processes. This is a full-time position with no degree required.
Job Description

This role is a key part of the Commonwealth Bank's Operational Risk Management team. As an Associate Director Commodities, Trade and Carbon Risk Oversight, you will be responsible for leading the design and implementation of controls and processes to manage operational risk across Commodities, Trade and Carbon.

About the Role

The Business Oversight team is responsible for Line 1 Operational Risk Management across Commodities, Trade and Carbon (CTC) including: implementation of the Operational Risk Framework, control monitoring and reporting, trade surveillance, advising and challenging on business risk issues. This function supports the CTC business in the alignment of our business activities management of risks to achieve with fair outcomes for our clients and to protect market integrity, to meet regulatory requirements and protect our people.

Your Key Responsibilities
• Support the design and implement / support the business to design and implement controls and develop process maps to enable better risk and compliance outcomes, providing guidance and advice to senior leaders on their application.
• Ensure risks are profiled and captured in the Business Profile and updating if appropriate when risk trigger events occur.
• Drive continuous improvement of the business control environment by using data to generate insights and recommend courses of action.
• Provide stakeholders with insights and suggested actions with regard to Operational Risk and control profiles, issues, incidents and other matters.
• Improve awareness and understanding for CTC on all requirements of the ORMF and on roles, responsibilities and accountabilities under an effective three lines of defence operating model.
• Develop an understanding of key risks associated with the Trade Finance businesses and how Trade Finance controls processes and procedures help to minimise or mitigate the impact of these risks.

Requirements
• Strong experience working in an Operational Risk and/operations role within IB&M.
• Influencing and consulting skills, the ability to build relationships with stakeholders at all levels of Global Markets.
• Demonstrates strong analytical skills with the ability to interpret complex data, identify trends, and provide actionable insights to drive risk decision-making.
• An understanding of Trade Finance processes from end to end developed from either working in Risk or Trading role or working in a direct support area of Trade Finance such as Operations.
• Controls design experience.