Do you want to be part of using the business of banking as a force for good? Do you want to create positive impact for people and the planet? Bank Australia is the bank for people who want to be part of a movement creating a fairer and more just world.

We’re growing fast as more people choose to align their banking with their values. We’re a customer owned, B Corp certified bank. We empower our staff and 185,000+ customers to be part of the clean money movement.

We currently have a permanent, full-time opportunity for a Senior AML Compliance Specialist to join our Risk and Compliance division. This role will be based in our Collingwood head office and will report to the Manager – Compliance.

The Senior Anti-Money Laundering (AML) compliance Specialist will support the Manager – Compliance to ensure that Bank Australia’s AML / CTF policies and procedures are contemporary with the legislative and financial crime environment and are managed effectively, efficiently and in accordance with Bank Australia’s AML / CTF Programs.

Why join us

• We have big plans to become Australia’s most trusted bank and a leading purpose-driven business.
• As a certified B Corp, we’re part of a global business community who meet the highest social and environmental standards, putting purpose over profit.
• Every role and person in our bank is essential to bringing our values, purpose and aspiration to life.
• We offer flexible working options, competitive salary and 13% super.
• Our staff have access to a range of meaningful benefits to support their physical and mental wellbeing including 24/7 free counselling, free flu vaccinations and discounted gym memberships.
• We also support staff with study assistance, paid parental leave (regardless of gender), volunteer, bereavement, gender affirmation and family violence leave; and the opportunity for bonus annual leave.
• We support our staff to grow their careers through learning and development and an organisational culture where we reward and recognise innovation and values, not long hours.
• We are committed to building an inclusive culture and a diverse workforce that reflects the Australian community.
• We care for a conservation reserve – where we work with key partner organisations to protect threatened species and involve staff in conservation.

What you will be doing

• Assisting with the development and maintenance of Bank Australia’s AML/CTF compliance framework (Part A) to ensure the bank is compliant with relevant laws, regulations and internal policies
• Maintaining a thorough working knowledge of the AML/CTF Act and rules together with the banks AML/CTF Programs
• Monitoring for changes to AML/CTF compliance requirements and amendments to relevant laws and regulations to ensure policies and procedures are current and fit for purpose
• Understanding AML/CTF compliance obligations and ensuring they are assigned ownership and periodically assessed for compliance
• Supporting the AML first line of defence’s compliance risk capabilities including setting compliance policies, procedures, controls, systems and training to mitigate ML/TF risks
• Providing assistance to management across the bank with SME information and support required to fulfil their compliance responsibilities including during project and remediation initiatives
• Considering any AUSTRAC or other competent authority feedback regarding the bank’s ML/TF risk management performance
• Acting as a key contact and relationship manager for AUSTRAC and other related authorities including the preparation and/or submission of regulatory and industry returns and reports
• Coordinating AML/KYC related audits between regulators and our outsourced internal auditor and business management
• Provide timely support to customer-facing teams in relation to AML for customer on-boarding including customer queries, potential non-compliant processes or concerns
• Assisting the Manager – Compliance with the preparation and presentation of compliance related reports to Board and Management committees
• Maintain industry and regulator relationships to ensure an understanding of current trends and mitigants and attend and contribute as required to industry / regulatory forums (e.g. ABA, COBA, AUSTRAC).

What you will bring

• Experience in an AML/CTF environment
• A comprehensive knowledge of the products and services delivered by the Bank Australia and their relevant AML/CTF risk factors
• A comprehensive knowledge of legislation relating to the provision of services by the section
• Excellent communication skills in liaising both internally and externally, including written, oral and interpersonal skills
• A highly motivated and committed attitude
• Ability to collaborate and influence at all levels of the organisation
• Relevant tertiary or diploma qualification is highly desirable
• Financial Crime qualifications is highly desirable
• Commitment to Bank Australia’s purpose, aspiration, values and brand as well as the B Corp ethos.

By submitting an application you agree to Bank Australia’s Privacy Policy for applicants and confirm that you are legally able to work in Australia. Bank Australia is an equal opportunity employer committed to sustainable development. We encourage people from different backgrounds to apply, including Aboriginal and Torres Strait Islander people, people from different cultural backgrounds and people with disabilities because we want to reflect the diversity of our communities. We are committed to making reasonable adjustments to provide a positive, barrier-free recruitment process and supportive workplace.

Bank Australia reserves the right to withdraw this advertisement at any time. Candidates will be progressed as applications are received, rather than after the advertisement closure date. If you wish to be considered, please submit your application as soon as possible. Please note, the successful candidate will be subject to satisfactory background checks including but not limited to police and previous employment.