Compliance and Risk Analyst

4 months ago


Sydney, Australia Travelex Full time

Consult and collaborate with local operational teams to understand the business and regulatory environment that they operate within and identify and quantify any risk exposures using Travelex risk assurance methodology and systems.
- Test the operational effectiveness of key controls and closely work with the business to develop and implement solutions that help fix process/control gaps.
- Provide pro-active support and guidance to the business to help enhance the design of key business controls and management of risk exposures.
- Sample check the due diligence records of the customers, ensure all required documents are present and have been validated as appropriate.
- Oversight of the Travelex’s compliance with the regulatory rules on systems and controls against money laundering.
- Ensure processes around compulsory reporting comply with local regulatory requirements and that all items are being correctly reported within legislated timescale.
- Performing on-site and desk reviews as part of second line monitoring.
- Provide support to identify and address compliance challenges/risks relating to new business initiatives and work with business to mitigate the risks as per direction from the MLRO.
- Manage the on-going monitoring and controls testing framework including providing analysis, feedback and reporting.
- Provide C&R training and support as required and help rectify knowledge gaps as they arise.
- Provide support to develop robust and sustainable AML toolkits that deliver regulatory compliance for the business.
- Sample review transactions, investigate and report those deemed suspicious if appropriate.
- Provide support to maintain the effectiveness of AML/CTF policies and assist to enforce Australia and New Zealand regulations.
- Participation and involvement in Group Compliance and AML forums as required.
- Ensure accurate record keeping in line with regulatory requirements.



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