Compliance Manager Business Banking Compliance (Business Lending)
Commonwealth Bank · AU
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About the Role
The Business Banking (BB) Compliance team provides Regulatory Compliance advisory support, driving consistent implementation of the Compliance Management Framework and related policies across the Group to ensure compliance with regulatory, conduct, and licensing obligations. This role offers dedicated 2nd Line Regulatory Compliance advisory support within the Business Lending team.
Responsibilities
- Provide dedicated compliance advisory support for Asset Finance, Business Financial Assistance (BFA), and Group Credit Structuring (GCS) teams, with potential to cover other product areas.
- Partner with the business to meet regulatory obligations and promote positive customer outcomes.
- Offer practical, solutions-based advice, independent review, challenge, direction, and training.
- Advise and support Line 1 Risk teams in identifying and adhering to regulatory obligations (excluding Financial Crime) relevant to Business Lending products.
- Review and manage compliance issues and incidents, including root cause analysis, data quality assessment, and proposed remediation plans.
- Manage engagement with regulators (ASIC, APRA, ACCC, BCCC, OAIC) on matters related to Business Lending, Financial Difficulty, and Collections & Recoveries.
Requirements
- Line 2 Regulatory Compliance advisory experience in financial services is desirable, preferably specific to Business Lending and credit products.
- Knowledge of relevant compliance obligations and requirements for Business Lending and the financial services industry.
- Sound reasoning and decision-making skills with the ability to articulate commercial, regulatory, and customer implications.
- Strong interpersonal skills for effective verbal and written communication with all stakeholder levels.
- Strategic and analytical thinking with solid business acumen.
- Ability to prioritize, schedule, and meet deadlines autonomously.
- A willingness to learn, an inquisitive and open mind, and a collaborative working style.
Skills
- Regulatory Compliance advisory
- Business Lending
- Credit products
- Financial services industry knowledge
- Reasoning and decision-making
- Interpersonal communication
- Strategic thinking
- Analytical thinking
- Business acumen
- Time management
- Collaboration
Location
- CommBank
Work Type
- Permanent
- Hybrid
Experience Level
- Line 2 Regulatory Compliance advisory experience
Benefits
- Flexibility to balance where work is done
- At least half time connecting in office each month
- Flexible working options including changing start and finish times, part-time arrangements, and job share
About the Company
- CommBank is a leading financial services provider.
- The Business Banking (BB) Compliance team is part of the broader Risk and Compliance second line of defence function.
- The team provides proactive, solution-based advice and support across all Business Banking business units.