Regulatory Compliance Expert

2 weeks ago


Brisbane, Queensland, Australia Great Southern Bank Full time

Job Summary

We are seeking a highly skilled Regulatory Compliance Expert to join our team at Great Southern Bank. As a key member of our compliance team, you will be responsible for providing rigorous compliance advice and challenge to our Line 1 divisions regarding both BAU issues and emerging initiatives.

Key Responsibilities

  • Provide trusted advice to the broader enterprise regarding regulatory compliance matters, including interpretation of regulatory guidance and emerging regulatory change initiatives.
  • Responsible for Incident review, breach management and regulatory reporting as required.
  • Compliance lead for relevant divisions, thematic issues, strategic initiatives and emerging initiatives, providing SME guidance and coordinating other compliance advisory support.
  • Assist in compliance assurance reviews over both the broader enterprise Compliance program and thematic Compliance issues.
  • Contribute to the review of relevant Policies, Standards and other supporting artefacts to ensure they reflect external regulatory changes and the Bank's internal requirements.
  • Prepare and produce insights that identify trends, patterns and concentration to interpret changes.
  • Assisting in the preparation of papers and reports for relevant Risk Governance Committees and Board reporting.

Requirements

  • At least 3 years Compliance or Legal Regulatory experience, preferably in Financial Services, involving the provision of compliance advice and challenge.
  • An understanding of breach management, including assessment and reporting to the relevant regulators.
  • Ability to monitor the Financial Services landscape for emerging regulatory change initiatives and governance reporting regarding the above.
  • An understanding and practical working knowledge of contemporary Compliance and Operational Risk Frameworks.
  • Knowledge of relevant Financial Services sector standards, including legislation, regulation, prudential standards, codes etc, including, but not limited to combinations of the following, APRA prudential standards, Corporations Act, Customer-Owned Banking Code of Practice, Privacy Act and the AML/CTF Act.
  • A strong knowledge of ASIC breach and remediation requirements.
  • Ability to develop and maintain effective and collaborative relationships with relevant stakeholders.

About Us

At Great Southern Bank, we're committed to building a strong, inclusive and diverse workplace, where people feel a sense of belonging and are valued, connected and respected. We value diverse backgrounds, cultures, abilities, ideas and experiences; recognising the benefits they bring to our work, our communities and the way we help our customers.



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