Full-Time
Full-spectrum financial services and banking
No salary listed
Sydney NSW, Australia
In Person
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CommBank offers a wide range of financial services in Australia, including retail, premium, business and institutional banking, funds management, superannuation, insurance, investments and sharebroking. Customers use accounts, loans, investments and insurance, supported by digital tools and advisory services, to manage money and plan for the future across multiple channels. The bank differentiates itself with its size and scope in the Australian market, having over 800,000 shareholders and more than 52,000 employees under one umbrella. Its goal is to help all Australians build and manage their finances and engage with customers and communities.
Company Size
10,001+
Company Stage
IPO
Headquarters
Sydney, Australia
Founded
1911
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Health Insurance
401(k) Retirement Plan
Remote Work Options
Flexible Work Hours
Paid Vacation
Paid Holidays
Company Equity
Wellness Program
Mental Health Support
Conference Attendance Budget
Professional Development Budget
Stock Options
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PTO?
Putting business innovation on the map. September 11, 2026 New Melbourne Institute research developed in partnership with CommBank draws on 18 years of data to show where innovation activity is strongest across industries and regions and compares selected emerging technologies. Australian business innovation activity rose over the longer term, reaching its highest point in 2023-24, but was broadly flat between 2021-22 and 2023-24, according to the new CommBank-Melbourne Institute Innovation Index. Developed by the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne in partnership with Commonwealth Bank, the Index draws on 18 years of data. To the authors' knowledge, it is the first Australian measure available at this combination of consistency, coverage, geographic and time detail. Built from secure, de-identified Government data sources covering Australian firms and workers rather than a survey sample, the Index brings together measures spanning R&D, skilled employment, intellectual property and knowledge-intensive trade, and tracks them across industries, regions and time. "As a nation, Australia needs to become more innovative to boost productivity," said Melbourne Institute Professor and report author Paul Jensen. "Examples of everyday innovations include embracing new software which saves administrative time, expanding a business interstate or overseas, or modifying processes, products and services. Making innovation investments can lead to something valuable; even if there is failure, the lessons learnt can still provide benefits." Supporting improvements and adaptations. CommBank partnered with the Melbourne Institute to provide better evidence on where innovation is happening and what can help more Australian businesses put ideas into practice. "The opportunity is to help more businesses turn ideas into new products, services and better ways of working, and help successful ideas reach more customers and markets," said CommBank Group Executive Business Banking Mike Vacy-Lyle. "For many businesses, innovation does not mean inventing something from scratch. It might mean adopting new technology, improving a process, using data better or getting a product to customers faster. Those practical changes can save time, reduce costs and help a business compete and grow." Key findings. The national Index reached almost 110 in 2023-24, compared with a 2016-17 benchmark of 100. It rose steadily over the longer term but was broadly flat between 2021-22 and 2023-24. Wholesale trade ranked highest among the broad industries analysed. The category can include businesses that design and brand products while outsourcing manufacturing, as well as importers and distributors investing in automated warehouses, digital ordering systems and artificial intelligence. Victoria recorded the highest state Index score in 2023-24 and has ranked ahead of NSW since 2017-18. Victoria and NSW were the only states consistently above the national benchmark over the full period. Western Australia overtook Queensland in 2023-24 and has been a stand-out in recent years with the index growing at a much faster rate than the national average since 2021-22. Read the full report, Trends in Australia's Innovative Activity and Capability here.
Karoon Energy Ltd (ASX:KAR) has received notice that Commonwealth Bank of Australia (CBA) and its related bodies corporate became a substantial holder in the company on 1 September 2026, holding a combined relevant interest of 35,040,785 fully paid ordinary shares, representing 5.02% voting power.
Commonwealth Bank of Australia raised SGD 325 million and £1.00 billion through callable, subordinated Euro Medium-Term Notes with fixed and floating coupons maturing between 2027 and 2036. The issuance adds flexibility to CBA's capital structure and diversifies its funding currencies. The bank recently declared an A$2.70 fully franked final dividend for the six months to June 2026. CBA's narrative projects A$33.4 billion revenue and A$11.6 billion earnings by 2029, requiring 4.4% yearly revenue growth. The subordinated funding extends CBA's funding curve but does not alter near-term focus on margin pressure and housing exposure. Investors continue to weigh the bank's concentration in Australian housing and ongoing technology investment against earnings resilience amid potential economic shifts.
Qantas doubles points, status ahead of credit card changes. August 26, 2026 - 12:25am Qantas is dangling a fresh loyalty offer weeks before new rules are expected to put a dampener on consumers' frequent flyer activity. From Wednesday until September 2, Qantas frequent flyers will be given double points, or double status credits, for any marketed flight. Dedicated frequent flyers can also earn double status credits, which allow members to scale the frequent flyer tiers (bronze, silver, gold, platinum) faster, giving access to lounges and other perks. The offer comes just over a month before October 1 regulations by the Reserve Bank kick in. Already, the rules are prompting banks to offer fewer points on credit card sign-ups or on spending. (Banks typically purchase the points from airlines, funded in part by transaction fees which the RBA is eliminating). Some Qantas frequent flyers wait for these specials, which happen once or twice a year, and make multiple bookings, allowing them to lock in their status credits (300 for silver, 700 for gold). The double points can also be applied to Qantas Hotel and Holiday bookings, providing an extra boost for those planning their next getaway, the airline said. Loyalty strategist Adele Eliseo, of The Champagne Mile, said the offer comes right on the back of an aggressive Qantas domestic airfare sale. "Since double status promos usually land during full-fare periods (designed to drive full-fare forward bookings), travellers do need to do the maths to determine if paying full fare for the extra status credits makes more sense than waiting for another sale." Eliseo noted that the special comes just before Qantas announces its annual results on Thursday. "I think we will see a few additional loyalty initiatives timed for release on financial results day," she said. With the cost-of-living crisis and a sustained appetite for travel, loyalty programs have become an area of intense competition, both as a way to drive consumer engagement with brands, and encourage shoppers' behaviour. In February, at Qantas' half-year results, the company announced a change to its loyalty program to allow members to earn status credits by shopping, rather than just flying. From our partners. Eliseo said it's possible Qantas will reveal the start date for the change at the full-year results. RBA changes are expected to alter the loyalty industry playing field further, spurring more activity at the retail level. Last week, CommBank unveiled its Yello rewards scheme, where points are earned from every-day spend and redeemed across a range of products, like shopping, gift cards and points transfers to airlines. CommBank's partner is Virgin's Velocity program. David Parsons, the chief executive of customer loyalty program consultancy Ellipsis, described the loyalty devaluations triggered by the RBA as "the biggest modern reset" of credit card and airline loyalty schemes. Parsons envisions a split in the market with smaller merchants retaining savings from not paying merchants fees, while Woolworths' and Coles' retail programs "keep investing and absorb the attention and spend that will depart from credit card loyalty". At the same time, "the airlines lose the daily reinforcement of a co-branded card tap". Chris Zappone is a senior reporter covering aviation and business. He is former digital foreign editor.Connect via X, Facebook or email. SMH RECOMMENDS
Commonwealth Bank has launched PaidIt, a platform designed to help organisations manage payouts such as settlements and refunds. The release comes ahead of Australia's planned end to cheque use in 2028, prompting organisations to review payment processes where recipient information is missing or outdated. PaidIt combines recipient verification, communications and payment delivery in one system. It includes a recipient matching engine using identity and account checks to determine which payments can proceed automatically. The platform uses Australia's payments infrastructure, including the new payments platform, PayID and ConnectID. The bank reports the median time from a recipient starting a claim to receiving funds is under two minutes. Developed by x15ventures, CBA's venture scaling arm, PaidIt will be rolled out to more CBA business units and corporate clients in coming months.