Senior Analyst Provisioning & Forecasting Job at Commonwealth Bank – in Perth WA

Senior Analyst Provisioning & Forecasting – Credit Risk

At CommBank, we never lose sight of the role we play in other people’s financial wellbeing. Our focus is to help people and businesses move forward, to progress. To make the right financial decisions and achieve their dreams, targets and aspirations.

Risk Management is responsible for protecting the Group’s interests by offering insightful risk leadership and a commercial yet independent approach to managing risks. The Board and Regulators trust Risk Management to be the line of defence that ensures returns are achieved within an acceptable level of risk.

Here in Retail Banking Services Risk Management, we are looking for a Senior Analyst Provisioning & Forecasting to deliver accurate and insightful credit provisioning, and forecasting for all Bankwest retail products to aid in decision making, duties include:

Monthly reporting of Loan Impairment Expense (LIE) to Retail Banking Services, the Bankwest Executive Leadership Team (ELT) and CBA Group Loan Loss Provisioning Committee (LLPC) together with insightful commentary

Maintaining, executing and enhancing the Collective Provisions (CP) programs which are used in LIE Expense reporting

Use forecasting tools for LIE Plan across key Retail segments

Engage with key stakeholders to detail the underlying drivers of LIE and CP

Working closely with Risk Systems and Enterprise Services technology teams on the quarterly macroeconomic updates and enhancement of IFRS9 compliant, CP models

Support management and providing LIE insight analysis on provisioning movements

Work productively together with your team to meet deadlines

We’re interested in hearing from people who

Are interested in risk management and banking industry. Able to adapt and grasp new skills and content quickly in a fast-paced environment.

Ideally have financial services experience, but open to people from other sectors such as Insurance, Telecommunications, Utilities etc.

Have 1-3 year’s relevant working experience, with an academic background in mathematics/statistics/actuarial science/applied finance.

Are proficient in using Excel & SQL for data analysis, with other languages beneficial (R/Python) in sourcing data, joining and deriving insights from disparate data sources

Have strong business acumen with excellent interpersonal skills, including written and oral communication

Challenge the status quo and look for opportunities for continuous improvement

Attention to detail and a high degree of accuracy whilst working to competing priorities

Can manage multiple pieces of work to tight timeframe when required

***Please note, recent graduates must include university transcripts in your application for it to proceed to the next recruitment stage***

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.

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Advertising End Date: 27/10/2021

About the Company

Company: Commonwealth Bank –

Company Location:  Perth WA

Estimated Salary:

About Commonwealth Bank -