AML Operations Analyst

at  Bank of Queensland

ABOUT THE ROLE

• An exciting opportunity exists for an analytical individual with understanding of AML/CTF typologies, to join BOQs Financial Crime Operations team as AML Operations Analyst.
• Join ASX 100 finance leader!
• Melbourne or Brisbane, based role.
  As an AML Operations Analyst in the AML Operations team, you will contribute to BOQ Groups efforts to identify and mitigate AML/CTF risks, uphold regulatory compliance and safeguard the integrity of our financial designated services.
  The AML Operations Analyst role reports to the Detection Team Leader and is responsible for performing quality assessments and subsequent investigation on alerts for customer and payment screening (Sanctions, Politically Exposed Persons and other Watchlist-Management), regulatory report exception handling (TTRs & IFTIs) and transaction monitoring review and triage.

RESPONSIBILITIES:

• Responsible for ensuring timely, accurate and efficient completion of customer and payment screening alerts related to Sanctions, PEPs, SIPs, AM and other watchlist management screening, applying a sound risk-based approach, in line with policies and procedures.
• Responsible for conducting thorough assessment over transaction monitoring alerts and any unusual activity reports (UARs) to identify any unusual activity, red flags or ML/TF indicators that require further investigation inline with assessment requirements.
• Responsible for appropriately documenting all due diligence evidence and outcomes, in line with policies and procedures with an ability to manage casework in a timely manner.
• Understanding and interpreting transaction data in addition to using banking systems to pursue lines of inquiry in relation to customers, source of funds, beneficial owners, and related parties.
• Assess and resolve exceptions that result from Threshold Transaction Reporting and/or International Funds Transfer Instruction Reporting.
• Adhere to internal processes, policies, regulatory reporting SLAs, KPIs and quality targets set for your work.
• Contribute to continuous improvement and project work where required.
• Demonstrated ability to work autonomously as well contribute collaboratively to the broader team.
• Assisting leadership with various project work, including remediation, UAT testing of systems and other activities that form part of BaU operational obligations.
  About you
  Our successful candidate will demonstrate the BOQ Group values of Spirited, Optimistic, Curious, Inclusive, Accountable and Lionhearted to contribute to the purpose of Building Social Capital through Banking!
  The ideal candidate will have 2-3 years in a similar role. It will be important to have a strong understanding of AML/CTF operational obligations in Sanctions, customer and payment screening, ML/TF typologies and red flags as well as and regulatory report exception handling and will be highly regarded.
  Understanding of the AML/CTF Financial Crime risk including Money Laundering and Terrorism Financing risk, Sanctions, banking codes of practice and other relevant legislation including Privacy Act and Criminal Code will be considered when reviewing applicants. As well as experience and working knowledge in Netreveal (NROD) and Temenos.
  If the above role sounds like you and you feel that you can bring enthusiasm and energy to a high performing Financial Crime Operations team, then we would love to hear from you!
  About Us
  Bank of Queensland Group is a truly unique group of challenger brands with a purpose – to provide a genuine alternative to Australian financial services for customers and employees.
  Our family of brands (Bank of Queensland (BOQ), ME Bank, Virgin Money Australia, BOQ Specialist), each come with their own defined customer audience and brand personality, but share one goal – to build social capital through banking. That’s creating trust with customers, exploring staff potential and believing that tiny gestures and big ideas can change the world for communities.
  BOQ Group’s inclusive vision is to foster a workspace that values and leverages difference and creates new possibilities, a place where our people feel confident to bring their best selves to work every day. We embrace difference and believe that our workforce should reflect the customers and communities that we serve.
  Since 2021 BOQ Group is recognised as an Employer of Choice for Gender Equality by the Workplace Gender Equality Agency (WGEA).
  In 2023, we successfully implemented an innovative Reconciliation Plan, driving positive change and promoting inclusivity across the BOQ group.

Our Perks

• Flexible working arrangements
• Discounted financial products
• Salary sacrificing options
• Paid parental leave with no minimum
• Paid volunteer days
• Purchase annual leave
• Discounted private health insurance plan
• Employee Assistance Program (EAP)
• Access to employee network groups focused on First Nations Reconciliation, LGBTQIA+, Multicultural, Gender, Early Careers and accessibility
• BOQ Group is a member of Pride in Diversity and a participating organisation in the Australian Workplace Equality Index

How to Apply
To apply for this role please follow the links or apply via our Careers Page.
The Bank of Queensland is committed to diversity and an inclusive workforce. Aboriginal and Torres Strait Islander People are encouraged to apply.
We celebrate, value and include people of all backgrounds, gender and expressions, sexualities, cultures, bodies and abilities. When you apply, you are welcome to tell us the pronouns you use and please let us know any reasonable adjustments you may need during the interview process.
If you are successful for a role with the Bank of Queensland, it is a condition of employment that background screening is completed to ensure that the Bank complies with its obligations under the Anti-Money Laundering and Counter Terrorism Financing Act. These checks may include, but are not limited to: identity, verification, reference checks, criminal background checks, immigration checks, verification of academic qualifications, bankruptcy checks.