Senior Manager, Financial Crime Compliance HRI Business Bank

We are incredibly proud to serve over 18 million customers by providing premier retail and commercial banking services predominantly within Australia. Our unwavering dedication to excellence and innovation propels us forward, allowing us to meet the ever-changing needs of our customers while contributing to the overall prosperity of our nation. Despite the shifting economic landscape, we have steadfastly supported both our customers and communities, continually working to keep the Bank safe and strong.

Inspired by our purpose, we are laser-focused on building tomorrow's bank today for our customers. This means playing a key role in helping to build Australia's future economy, reimagining customer experiences, and delivering simpler, safer, and better banking services. Our commitment to helping the nation prosper and improving living standards for all Australians remains at the heart of everything we do.

Our mission is made possible by our people, their diverse skills, unique perspectives and shared passion.

The Financial Crime Compliance (FCC) team is accountable for the development, implementation, and ongoing leadership of the Group's financial crime compliance services.
 

You will be part of the wider Financial Crime Line 2 team, leading the Group's approach to managing AML/CTF, Sanctions, and Anti-Bribery & Corruption (ABC) risks and obligations through policies, frameworks, regulatory engagement, advice, and complex escalations for the Business Banking segment.

Within FCC, the HRI Advisory function plays a critical role in supporting Business Banking by reviewing and advising on high-risk industries (HRI) customer types, complex customer matters, and emerging risks.

You will engage directly with stakeholders on high-risk industry customers, lending transactions, and new-to-bank relationships with complex structures.

Be part of something bigger and redefine what's to come across Australia. Do the impactful work that matters

This role requires forging strong relationships with internal and external stakeholders to deliver sustainable outcomes and protect the Group from financial crime risks.

Reporting to the Executive Manager, you will support the Group in the effective and efficient management of financial crime. This includes providing advice on high-risk customers/industries and regulatory matters, with a strong focus on aligning with emerging regulatory reforms, including the new AML/CTF law reforms.

You will engage directly with stakeholders (both internal and external) on high-risk customers, lending transactions, and new-to-bank relationships with complex structures.

We're interested in hearing from people who will aspire to

• Conduct thorough AML due diligence assessments, evaluating high-risk clients and industries to ensure compliance with regulatory requirements and internal policies.
• Support Business Banking in reviewing and assessing high-risk clients, complex structures, and offering practical solutions to mitigate potential risks.
• Design and implement financial crime risk management frameworks tailored to high-risk and emerging industries.
• Develop and maintain policies and resource documents specific to high-risk industry segments.
• Assist in developing and executing action plans to address identified financial crime issues.
• Work closely with internal stakeholders to identify, assess, and mitigate financial crime risks proactively.
• Support the business in establishing controls, procedures, and training aligned with the Group's financial crime framework and the requirements of upcoming AML/CTF law reforms.
• Draft high-quality governance papers to inform senior management and Board decision-making.
• Engage with external clients to conduct compliance-focused discussions on their AML programs, demonstrated experience in direct client engagement is essential for this role

Other qualities you may possess include

• Tertiary qualifications in business, finance, law, or a related discipline (preferred).
• Relevant industry certifications (e.g., ACAMS) are desirable.
• Extensive experience (7+ years) in AML/CTF, Sanctions, and ABC compliance, preferably in an advisory capacity.
• In-depth understanding of AML/CTF regulations, including demonstrated experience in assessing and reviewing AML programs.
• Preferred experience with AML programs of Money Service Businesses (MSBs), Payment Processors, Bullion Dealers, Digital Currency Exchanges, Online Gambling operators, and Casinos.
• Strong ability to assess corporate structures, complex transactions, and identify potential risks.
• Demonstrated experience influencing, engaging, and managing a wide range of stakeholders across business, regulatory, and client environments.
• Excellent written and verbal communication skills, with the ability to distil complex issues into clear and actionable insights.

Working with us means

Whether you're passionate about customer service, driven by data, or called by creativity, a career here is for you. At CommBank, we advocate and facilitate a culture of inclusion and respect, celebrating all cultures, abilities, genders, expressions of gender and sexual orientation. Read more about our commitment to inclusion and diversity on our website. 

Our people bring their diverse backgrounds and unique perspectives to build a respectful, inclusive and flexible workplace. We are working hard to recruit people who represent the diversity of our customers and our society. If you're excited about this opportunity but you don't meet every single requirement, or your experience doesn't align perfectly, we still want to encourage you to send in your application. You may just be the perfect candidate for this opportunity or another within CommBank. 

At CommBank we will inspire you with work that makes a difference, surround you with talented people that respect and value each other, and empower you to grow professionally and personally. Most of all, making a positive impact for customers, communities and each other is part of our every day. 

We're determined to make a real difference for Australia's first peoples. We encourage all interested applicants to apply. If you're already part of the Commonwealth Bank Group (including BankWest), you'll need to apply through Sidekick to submit a valid application. We're keen to support you with the next step in your career. 

** Grow. Belong. Shape what's next. Turn potential into impact with a CommBank career **

If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We're keen to support you with the next step in your career.

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