Economic Crimes Prevention Specialist

7 days ago

Sydney, New South Wales, Australia beBeeFinancial Full time $95,000 - $125,000
Financial Crime Specialist Job Description

The Financial Crime Specialist is responsible for the completion of customer due diligence and enhanced customer due diligence tasks, investigation and clearance of alerts, transaction monitoring, identification of risks associated with complex legal structures, adherence to team KPIs, meeting department service level agreements (SLAs), quality assurance, sharing financial economic crime knowledge with relevant stakeholders as a subject matter expert, and driving continuous improvement in processes and procedures.

The Financial Crime Specialist will have in-depth knowledge of anti-money laundering (AML) and counter-terrorist financing (CTF) regulations applicable to Australia and New Zealand. Candidates will have a detailed understanding of customer screening, identification, and verification of customers, and the reporting of unusual transactions. The Financial Crime Specialist is expected to maintain current knowledge of AML/CTF issues and trends, as well as predicate crimes more broadly, and share that knowledge with relevant stakeholders across the organization including sales/business support, credit, and compliance teams.

Key responsibilities include performing and clearing customer due diligence and enhanced customer due diligence, screening for sanctions, politically exposed persons (PEPs), and adverse media, performing event-driven and periodic reviews, transaction monitoring, coordinating remediations and monitoring follow-up actions, escalating issues/events to relevant oversight stakeholders, driving continuous improvement in processes and procedures, assisting in fraud risk investigations, assisting in the implementation of new policies and development of procedures, and assisting in the implementation of new systems and delivery of projects.

  • Perform and clear CDDs and EDDs
  • Screen for sanctions, PEPs, and adverse media
  • Perform event-driven and periodic reviews
  • Transaction Monitoring
  • Coordinate remediations and monitor follow-up actions
  • Escalate issues/events to relevant oversight stakeholders
  • Drive continuous improvement in processes and procedures
  • Assist in Fraud Risk investigations
  • Assist in the implementation of new policies and development of procedures
  • Assist in the implementation of new systems and delivery of projects

Benefits:

  • Two working days per year volunteering for a local charity
  • Health and wellness program including healthy food, free health checks, fun health and vitality activities
  • Flexible hours with possibility to work from home
  • Career development opportunities: online learning, member development programs

At our organization, we are committed to creating a positive and supportive work environment that encourages collaboration, innovation, and growth. We believe in fostering a culture of inclusivity, diversity, and respect where all employees feel valued and empowered to contribute their best efforts.

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