As an Actuarial Analyst for our Model Assurance team, you will be working with a dedicated and close-knit team to deliver key model review initiatives.

In this role you will have the unique opportunity to make a change and become a champion for better data and modelling practices within TAL.  Working from a first-principles approach, you will be able to challenge existing methodologies and models (including Prophet) to allow for improvement in the ways of working and sustainable model development.

The role will have exposure to the breadth and depth of TAL’s comprehensive suite of products, and you will be able to extract new insights in collaboration with your team and external teams such as in the Product and Pricing area. As part of model review, you will be working with entire portfolios of businesses and as such your findings can produce high-level impactful results for TAL.

You will be presenting your findings to a range of key stakeholders in the business, from the model owners to the project sponsors at the general manager level.

You will be working in a highly collaborative environment with your team, providing mutual support, peer-reviewing and problem-solving together during the team’s project work.

In addition, you will provide support on other initiatives beyond model review depending on the business’ needs which can include within the data space.

Key Accountabilities:

• Enhance the internal risk mitigation framework of TAL through independent model and data reviews on actuarial and finance models
• Support the business on projects to enhance the data and model capabilities of TAL
• Report and present back to the business on key findings and insights
• Explore creative solutions to model quality management and control
• Maintain a balanced approach to risk and the application of risk management principles to all phases of conduct and implementation for project deliverables
• Develop and maintain excellent communications with team members, customers and stakeholders

 “At CommBank we are proud to support flexibility, let’s discuss what this means for you”

Please note – We are seeking Expressions of Interest within these teams for present and future vacancies. Successful candidates will be contacted for a further conversation around suitability.

Impact and Role Contribution:

As a Manager, Controls Assurance, you will join our high performing Chief Controls Office teams and assist in supporting the business to identify, assess and manage the risk inherent in providing a range of operations services to the CBA group.

You will also partner with key stakeholders to deliver insights, utilising analytical skills and complex data. You will need the adaptability to work in a fast-paced environment and the ability to build relationships and work collaboratively with the extended leadership team across Line 2 and Group Audit.

In any given week you will:

• Assist in the Automation strategic pillar in becoming more efficient and effective in both executing assurance and testing, through the innovative use of Automated Assurance Tools, Data Analytics, Continuous Monitoring and Modelling.
• Provide Line 1 assurance through testing complex automated and business controls that support the Bank’s critical business.
• Drive continuous improvement of the controls environment through implementation of continuous control monitoring, automation and control rationalisation.
• Validate and present findings, document test plans, results and conclusions clearly and concisely
• Take ownership of assigned internal customer relationships using strong interpersonal and communication skills, both verbal and written, keeping stakeholders informed of assignments, emerging opportunities where analytics can help achieve desired business outcomes

We're interested in hearing from people who have:

• Experience in a Risk Management, Assurance or Audit environment including the identification, planning, testing and reporting on automated and technology dependent manual controls across various business processes
• Ability to think critically and analytically and use data driven insights to solve problems
• Influencing and consulting skills, with the ability to build relationships with stakeholders at all levels
• Proficient with one of the following tools-Alteryx, Tableau, Power BI, Servicenow as an end user and/or Advanced excel skills  
• Knowledge of Operational and Compliance Risk frameworks

Your qualifications:

• 3 - 5 years of relevant experience.
• Previous experience in financial services (or similar environment), Big 4 and/or risk management highly valued.
• Relevant Tertiary Degree/ Relevant professional accreditations

What’s next?

Our team is looking to connect with Risk professionals who are interested in being part of a high performing, customer-focused and passionate culture to build a simpler, better bank. We welcome you to express your interest and learn more about Risk opportunities. We will be in contact with suitable candidates.

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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 are interested in.

This role is responsible for providing quality assurance in relation to claim assessment in line with the TAL claims quality framework and risk management principles.A key focus of this role is to promote a culture of risk management and continuous improvement by providing risk-based detective controls and insights relating to claim assessment. You may be required to lead the delivery of small to medium scale projects or well-defined tasks on major projects to enable QA remediation or continuous improvement initiatives