CommBank
Full-spectrum financial services and banking
Chief Engineer
More locations: Sydney NSW, Australia
About the job
- Experience in large-scale enterprise environments, with a strong track record of building internally developed applications.
- Experience working with modern software delivery practices, secure design, continuous integration and continuous delivery, and engineering quality at scale.
- Ability to influence senior stakeholders, make pragmatic trade-offs, and communicate technical decisions clearly.
- Curiosity about how artificial intelligence, generative AI, and agentic platforms can improve colleague and customer experiences.
- Technical depth to work directly with engineers, challenge designs, break down problems, and guide implementation.
- Experience operating in complex or regulated environments and balancing modernisation with risk, control, and operational requirements.
- Partner with Crew Technology Leads across Risk and Finance Technology to solve complex engineering challenges and accelerate modernisation outcomes.
- Provide hands-on technical leadership and coaching to engineers, Principal Engineers, and engineering leaders across multiple crews.
- Establish and uplift engineering standards, practices, and ways of working to improve quality, maintainability, and delivery outcomes.
- Lead the reduction of technical debt and support the modernisation of legacy platforms and applications.
- Drive engineering excellence across software development, platform engineering, testing, automation, observability, and operational resilience.
- Champion DevSecOps, continuous integration and continuous delivery, infrastructure automation, and contemporary engineering practices.
- Guide teams through complex technical decisions and implementation challenges across applications, integration, and data platforms.
- Drive the responsible adoption of AI-assisted engineering, developer productivity tooling, and process automation.
- Partner with the Chief Data Office and data platform teams to improve data accessibility, usability, and readiness for analytics and AI use cases.
- Build engineering capability through mentoring, coaching, and the development of engineering communities of practice.
- Translate complex technical issues into clear risks, trade-offs, decisions, and outcomes for senior stakeholders.
- Foster an engineering culture focused on quality, simplification, ownership, continuous improvement, and operational excellence.
- Knowledge of vendor application ecosystems and automation of the engineering components surrounding those platforms.
- Experience influencing enterprise data strategy from the perspective of business and technology consumers.
- Experience in Risk, Finance, banking, or financial services technology.
- Experience leading engineering transformation across multiple teams or crews.
About the company
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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Simplify's Take
What believers are saying
- September 2026 subordinated note issuance extended CBA’s funding curve through 2036.
- From 1 October 2026, CommBank Yello converts points into Everyday Rewards groceries.
- The new premium charge card targets high-spend Australians with lounges, insurance, and no FX fees.
What critics are saying
- The High Court shareholder damages case over the $700 million AUSTRAC fine continues in 2026.
- CBA’s 2026 restructuring cuts 1,000 jobs, with 232 more exits due by November.
- Australian housing concentration and technology spending leave earnings exposed if credit losses rise.
What makes CommBank unique
- CBA’s Yello rewards ecosystem reaches nine million customers, embedding daily banking loyalty.
- x15ventures launched PaidIt in August 2026, turning payout processing into a bank product.
- Business Banking’s AI-enabled workbench sharpens banker productivity and deepens customer relationships.
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Benefits
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
Parent?
PTO?
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 5%2 year growth
↑ 5%Growth investment supports Xpansiv’s M&A strategy, international expansion, and product development
Sydney-born, New York-based energy trading firm Xpansiv has completed a capital raising in Europe. The company, which is eyeing an initial public offering, already counts Blackstone, Macquarie, Commonwealth Bank of Australia, Goldman Sachs, Aware Super and Aramco Ventures among its backers. The capital raising is designed to support growth in Australia and globally. Xpansiv's founders argue the energy market is undergoing a significant global shift, driven partly by the artificial intelligence boom. The company's blue-chip share register reflects growing investor interest in energy trading platforms amid rapidly changing global energy markets.
Commonwealth Bank of Australia has issued US$1.25 billion in subordinated notes, according to a 16 September 2026 regulatory disclosure. The subordinated debt, which ranks below senior debt in creditor claims, typically qualifies as Tier 2 regulatory capital under Basel III framework requirements. The bank filed complete documentation with the Financial Conduct Authority's National Storage Mechanism, ensuring compliance with UK transparency standards for listed securities. The US dollar denomination allows the Australian banking institution to access international capital markets and diversify its funding sources beyond domestic instruments. Specific terms including coupon rates, maturity dates, and allocation of proceeds were not disclosed in the announcement. Investors can access full issuance details through the London Stock Exchange's Regulatory News Service platform.
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.