Head of Compliance- Australia

5 months ago

Sydney, Australia Xe Full time

At Xe, we live currencies. We provide a comprehensive range of currency services and products, including our Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. We leverage technology to deliver these services through our website, mobile app and by phone. Last year, we helped over 300 million people access information about the currencies that matter to them and over 225,000 people used us to send money overseas.

We are proud to be part of Euronet Worldwide (Nasdaq: EEFT), a global leader in processing secure electronic financial transactions. Under their Money Transfer division, Xe and Ria Money Transfer have been brought together to help establish the third largest money transfer business in the world.

Reporting to the Board of Directors and functionality on day-to-day activities to the APAC Compliance Director. The Head of Compliance AU (“HOC”) is responsible for the Australian Compliance and Regulatory framework applicable to Xe Australia (Xe AU), and for managing the anti-money laundering, counter-terrorist financing, and consumer fraud prevention programs, ensuring that Xe AU products and services offered are in compliance and the operations are consistent with regulatory requirements and conditions.

The HOC is a Controlled Function and assumes the relevant regulatory position as the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Compliance Officer, as wells as serves as the point of contact with any regulatory or supervisory body in AU.

The key priority and focus of this role is to design and manage programs and systems and controls to ensure that the Xe AU business and operations are conducted within compliance to existing laws and regulations, as well as aligned with regulatory guidance and expectations, and oversee that risks identified are timely and adequately mitigated.

**Our principles**
- **AMBITION** - We dream big, try things out and always ask “why not?” and “what if?” We’re ambitious in our thinking and our delivery
- **RESPONSIBILITY** - We get involved, bring our perspective and are always open to new ideas. We take personal responsibility
- **COMMUNITY** - We value a sense of belonging, trusting each other and encouraging authenticity. We contribute to our community

**Requirements**:
**What you'll do**:

- **Own, develop and maintain Regulatory and AML Compliance program**, including but not limited to ensuring compliance suite of policies and procedures correspond to business needs while in compliance with regulatory requirements and the Company’s risk appetite;
- **Oversees maintenance and execution of routine regulatory compliance** assurance monitoring for the business ensuring adequate/timely communication of matters of interest to relevant forums/individuals;
- **Own, develop and maintain the Compliance Risk Assessment Program** that includes an assessment reasonably designed to cover the current financial crimes risks of the Australian operations (ML/TF/Consumer Fraud), which shall cover products, jurisdictions, customers, counterparts, and compliance operations.
- **Ensure that risk assessment guidelines** issued by the Compliance Money Transfer Segment of the parent company (EWI) are followed and applied, along with those specific risk assessments requirements expected by the regulatory body in the jurisdiction.
- **Ensure that the risk assessment includes regular testing **of the effectiveness of the current system and controls for detecting and preventing financial crimes.
- **Escalating relevant risk matters to the APAC Compliance Director, Global Head of Risk & Compliance**, the local Risk Committee, and the Board of Directors, proposing mitigating solutions to risks identified and ensuring in coordination with the Global Risk team that risks are mitigated.
- **Maintains systems and procedural excellence** through regular monitoring, effective root cause analysis and continuous improvement and acts as Risk Monitor / Individual Controller for nominated risks within the Risk Matrix;
- **Provide regular visibility to the Head of apac**, senior management, the local Risk Committee and global risk forum, regarding the effectiveness of the compliance function, as it relates to existing and upcoming Regulatory Environment, Risk Assessments, AML Program, Sanctions Program, Consumer Fraud Prevention, Complaints Handling, and Law Enforcement Requests;
- **Responsible for making decisions** in relation to policy exceptions and issues escalation;
- **Provides input and consultancy** (operational) into relevant business policies and operational plans impacted by legal, regulatory and risk/compliance issues;
- **Maintains up to date knowledge** and expertise on core business activities and assists in the analysis of proposed business initiatives from a risk based regulatory perspective;
- **Champions a commercial approac**h to managing compliance across the business which in

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