At a Glance
- Tasks: Analyse and manage credit risks in Funds Finance, collaborating with a dynamic team.
- Company: Join CommBank, a leader in institutional banking with a focus on innovation.
- Benefits: Competitive salary, professional development, and a commitment to diversity and inclusion.
- Other info: Be part of a collaborative culture that values continuous improvement and teamwork.
- Why this job: Make a real impact in risk management while working with experienced professionals.
- Qualifications: Experience in credit risk management and strong analytical skills are preferred.
The predicted salary is between 90000 - 110000 $ per year.
We seek a dynamic Senior Associate to join our team in Non-Bank Financial Institutions (NBFIs) Risk, focused on the Funds Finance sector. This is an opportunity to play a key role in a specialised area of Institutional Banking, working alongside experienced risk professionals across Australia and international markets.
Institutional Banking and Markets (IB&M) is the Line 1 function managing the Commonwealth Bank’s (CBA’s) relationships with major corporates, banks, NBFIs, government clients and institutional investors, providing a full range of capital raising, transactional and risk management products and services.
NBFI Risk falls within IB&M Risk Management, which supports IB&M by providing Line 2 oversight and risk management of IB&M’s activities in Australia and internationally in New Zealand, London, Amsterdam, New York, Singapore & Shanghai.
Do work that matters
The successful candidate will be responsible for identifying, assessing and managing the risks associated with Funds Finance and other credit exposures to Funds. This includes superannuation funds and managed funds across various asset classes including private and publicly listed equity, infrastructure, real estate amongst others.
The successful candidate will be expected to exercise a credit approval delegation over their own portfolio of clients, as well as in support of the wider Funds and NBFI risk team.
Working in partnership with IB&M Line 1 teams and supported by risk management colleagues, you will be responsible for ensuring that all business is consistent with the banks’ risk appetite. This involves risk analysis, decision making and deal approvals, as well as the ability to identify emerging risks and develop strategies to mitigate them.
About the team
You will join a global team of talented and highly collaborative risk professionals who have responsibility for risk analysis and decision making across the NBFI client set, including Funds Finance. Products covered include subscription finance, asset based (NAV) finance and structured hedging and experience in these products and clients will be advantageous but is not essential.
A genuine desire to continually seek better and more efficient ways of doing things will also be critical in the success of this role.
In any given week you will:
- Be the risk adviser in a deal team environment, analysing clients and structures, preparing credit submissions and providing risk decisions or recommendations. This includes giving guidance on deal structuring, approval processes and policies, and risk management strategies.
- Monitor and analyse market developments and global industry trends, and provide guidance and advice to management on risk management matters related to funds financing.
- Own a portfolio of clients and be responsible for credit risk matters associated with those clients.
- Develop relationships with stakeholders including internal business units within IB&M and Risk.
- Collaborate with other risk management teams to ensure alignment of risk management strategies across the organisation.
- Drive continuous improvement within the team across both individual activities and process/policy/procedure simplification projects.
- Be an integral part of a very collaborative team with a high value placed on team culture.
What will help you succeed in this role?
- Experience in credit risk management at a financial institution, with experience in credit decisioning and approval, and/or NBFI and Funds Finance exposure an advantage.
- Strong analytical skills with the ability to identify, assess and mitigate risks.
- Good communication skills with the ability to act as the voice of risk with internal and external stakeholders.
- A curious mind and a desire to contribute towards continuous improvement.
- A willingness to use judgment to make and defend conscious and evidence based risk decisions.
- Proficient problem-solving and decision-making capabilities.
Working at Commbank
At CommBank, we are committed to diversity and inclusion in our workplace and welcome applicants from all backgrounds. We offer competitive compensation and benefits packages, opportunities for professional development and career advancement, and a chance to contribute to our purpose of building a brighter future for all.
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Senior Associate - Funds Finance Credit Risk in Sydney employer: CommBank
CommBank is an exceptional employer that prioritises employee growth and inclusivity, making it a fantastic place for the Workforce Effectiveness Lead role. With a strong focus on innovation and collaboration, employees are encouraged to develop their skills in a supportive environment that embraces diversity and fosters meaningful contributions to the future of work. Located in a vibrant community, CommBank offers unique opportunities to engage with cutting-edge technologies and shape the workforce landscape while enjoying a culture that values respect and accessibility.
