Senior Regulatory Risk Specialist

The role of a Senior Compliance Officer is to ensure that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

This position will be responsible for actively supporting the Senior Compliance Officers and Head of Legal & Compliance in managing compliance, AML, sanctions and financial crime risks across the various business and support units at the Australia Branch.

• Compliance Advice: Provide sound and responsive advice and support on current and developments of key laws and regulations to support the businesses of the bank.
• Policies and Frameworks: Assist with development, review and implementation of relevant policies and frameworks including gap and impact analysis.
• Procedure Development: Assist to ensure appropriate procedures and guidance are developed to allow compliance and regulatory risk matters, including licensing matters, and deliverables to be managed effectively, on a daily basis.
• Regulatory Review: Review documentation and materials to ensure adherence to regulatory requirements, liaising and resolving any such issues.
• Regulatory Relationships: Assist to maintain regulatory relationships and have good knowledge of regulators and the ability to engage with them where necessary.

• Regulatory Assistance: Provide sound and timely assistance and advice on regulatory and compliance requirements and matters with the objective of protecting the Branch against potential risks.
• AML/CTF Knowledge: Have good understanding of and regularly maintain close watch on AML/CTF, sanctions and financial crime and other regulations and issues.
• Regulatory Developments: Keep abreast of regulatory developments, assess business impacts and develop, review and implement required framework, processes and tools to comply with new/revised regulatory requirements.
• Compliance Programme: Assist to develop and execute compliance programme, policies, standards and regulations.
• Compliance Reviews: Assist to conduct compliance reviews and risk assessments of business areas and perform regular monitoring and testing to ensure compliance with regulatory and licensing requirements.
• Transaction Monitoring: Implement and attend to the required screening processes including transaction monitoring program that comply with the applicable requirements.
• Data Analysis: Analyse data sets and transaction enquiries to identify AML/CTF trends and typologies and unusual activities.
• Investigations: Investigate potential unusual activities and transactions and prepare suspicious matter reports where required.
• System Performance: Regularly assess system performance and proactively identify system issues and make necessary adjustments to maintain optimal functionality.
• Risk Mitigation: Assist to implement tools to mitigate regulatory and compliance risks.
• Licence Management: Monitor business activities against the Branch's licences and authorisations and advise where any new product, service or activity may require additional licensing or authorisation and assist with the application for such licensing or authorisation as necessary.
• Audit Support: Work closely with business partners on audit issues.
• Regulatory Reporting: Undertake regulatory reporting and provide advisory on these requirements.
• Training Provision: Develop and provide training on compliance topics including AML/CTF, sanctions and financial crime.
• Relationship Building: Build ongoing relationships with the business and raise compliance maturity and awareness.
• Subject Matter Expertise: Act as a subject matter expert in local regulatory requirements and Group policies.

• Experience: Minimum 5 - 7 years' working experience in the financial crime and/or Compliance function in wholesale banking.
• Qualifications: Degree qualified in finance or related discipline with a demonstration of continued professional development in compliance, AML, sanctions and financial crime areas.
• Knowledge: Good working knowledge of banking and financial services regulations and best practices including areas on AML/CTF, sanctions and financial crimes.
• Product Knowledge: Good working wholesale banking product knowledge.
• Interpretation and Application: Sound ability to interpret and apply regulatory requirements and Group policies to wholesale banking products and services.