Risk Associate Provisioning Risk Associate Provisioning …

Commonwealth Bank of Australia
in Sydney, New South Wales, Australia
Permanent, Full time
Be the first to apply
Commonwealth Bank of Australia
in Sydney, New South Wales, Australia
Permanent, Full time
Be the first to apply
Risk Associate Provisioning
Risk Management is responsible for developing the risk frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance and insurance risks within a Board-approved appetite.

The primary work of the role is to undertake analysis and reporting of credit portfolio data for Risk management and business unit stakeholders including, but not limited to:
  • Support the production of provisioning and loan impairment expense reports:
    • Loan Impairment Expense (LIE) - Develop, maintain, review, agree and communicate accurate LIE reporting for BPB for presenting to the BPB Financial Risk Committee and Group Loan Loss Provisioning Committee.
    • Undertake analysis of the LIE results to explain drivers and movements in credit quality and exposures
    • Run, maintain and provide assurance for the IFRS9 Collective Provision models. Have an understanding of the models and how it impacts the LIE.
    • LIE Scenario Analysis and Stress Testing - working with the relevant teams, assess, analyse and report the impact of material economic or credit stress scenarios from a LIE perspective.
    • Assist with establishment and maintenance of well documented, transparent and robust internal controls to ensure that reports and information are validated and reconciled and all regulatory, accounting and audit (internal & external) requirements are met.
    • Contribute to the review and interpretation of relevant accounting and regulatory standards and provision of a BPB Risk perspective on loan loss provisioning methodologies and changes thereto
  • Undertake additional analysis as required including extraction and collation of data for BPB credit portfolio analysis and reporting ensuring accuracy, consistency with other reporting and fit for purpose
  • Grow and sustain strong and productive working relations with business partners and stakeholders including relevant Business Unit Finance teams, Group Provisioning, Group Credit Structuring and Business Risk Teams
  • Provide input into data remediation programs and processes to assist with accurate risk and provisioning assessments
  • Assist with preparing presentations of results to senior business stakeholders in an impactful manner
  • Identify opportunities to improve the quality of reporting output and processes and contributing to improvement initiatives
  • Ensure all reporting definitions, business rules and processes are documented
  • Undertaking ad hoc analysis, projects and tasks as required

Skills and Experience
  • 1-3 years of experience in financial services
  • Strong Microsoft Excel skills required (pivot tables, vlookups, index/match etc)
  • Demonstrated ability in SAS/SQL programming and software tools or similar applications is highly desirable
  • Broad understanding of credit risk management and risk concepts and processes
  • Broad understanding of corporate lending and customer segmentation is desirable
  • Organisational skills and an ability to work and deliver against deadlines under pressure
  • Strong attention to detail and focus on both internal and end-customer outcomes
  • Ability to problem solve & come up with potential solutions
  • Strong verbal and written communication skills
  • Initiative in identifying opportunities for improvement with both direct team members and also with other stakeholders

This role is initially a 9 Month Secondment

If you're already part of the Commonwealth Bank Group (including Bankwest), 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.

Advertising End Date: 09/04/2020