AML Specialist

Join to apply for the AML Specialist role at BankVic.

We're on the lookout for a proactive and detail-oriented AML Specialist to join our Financial Crime team and play a vital role in protecting the bank from money laundering and terrorism financing risks. Reporting to the Head of Risk Operations, you'll proactively monitor, investigate, and report suspicious activity in line with AML/CTF obligations.

You'll conduct in-depth investigations, perform enhanced due diligence, and ensure timely escalation and reporting of potential money laundering or terrorism financing risks. Working closely with Risk Operations, Compliance, and member-facing teams, you'll play a vital role in maintaining regulatory compliance and minimising financial crime exposure.

• Monitor and investigate AML transaction alerts to identify potential money laundering or terrorism financing activity.
• Prepare and submit Suspicious Matter Reports (SMRs) to AUSTRAC within required timeframes.
• Conduct Enhanced Due Diligence (EDD) on high-risk members and maintain the High-Risk Member Register.
• Review and optimize transaction monitoring rule sets to improve detection and compliance outcomes.
• Stay current with AML/CTF legislation, emerging trends, and typologies to inform investigations and strategy.
• Collaborate with internal stakeholders to gather supporting information and ensure effective case resolution.
• Maintain AML procedures and documentation, and support internal/external audits and regulatory inquiries.
• Contribute to AML training initiatives, awareness programs, and mentoring of team members.
• Participate in system testing, team projects, and continuous improvement activities.
• Escalate compliance breaches or process gaps and perform other duties as directed by leadership.

• Proven experience in AML/CTF roles within banking or financial services.
• Solid understanding of the AML/CTF Act, AUSTRAC rules, and regulatory obligations.
• Hands-on experience with transaction monitoring systems and complex financial investigations.
• Strong analytical and research capabilities, with sound professional judgment.
• Excellent communication skills (both written and verbal) with the ability to interpret and apply legislation.
• High attention to detail, integrity, and discretion when handling sensitive information.
• Ability to work independently and collaboratively in a fast-paced environment.
• Proficiency in Microsoft Office, especially Excel and Outlook.
• ACAMS or similar certification, and tertiary qualifications in finance, law, or business (desirable).
• Familiarity with sanctions compliance, PEP screening, and AUSTRAC reporting portals (desirable).

• Discounts and savings off a range of our products and services.
• Access to additional five days of leave.
• Ambulance Victoria Membership.
• Employee assistance program.
• 2 days paid volunteer leave.
• Generous parental leave provisions.
• Ongoing professional development with access to study leave.
• Reward and recognition program.

At BankVic, we believe that diversity and inclusion make us stronger. If you require any support or adjustments during the recruitment process, please let us know we're here to help make your application experience as smooth as possible.

Even if you don't meet every requirement listed, we encourage you to apply. Your potential and passion matter just as much as your qualifications, and you might be exactly who we're looking for.

If you're seeking to make a difference and find purpose in your work, it's time to join us at BankVic.

Applications close Thursday, 18 September 2025 (although we encourage you to apply today, as we review applications as they come in and reserve the right to close applications early).

Note: as part of our recruitment process, we require successful candidates to undertake background checks.

BankVic are managing this opportunity in-house, so we kindly ask that recruitment agencies do not share unsolicited applications or contact the hiring manager.

• Associate

• Full-time

• Finance